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The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions. The IMF said trade tensions and volatility affected Vietnam in 2018, but the economy had remained resilient, fueled by growth in …

IMF forecasts Vietnam’s economy to grow by 6.5 percent in 2019 Read More »

Vietnam will become a leading digital country and economy in the ASEAN region by 2030 and allow testing of new technologies in the digital economy. This is one of the proposals in a draft project on national digital transformation by the Authority of Information Technology Application (AITA) under the Ministry of Information and Communications (MIC). …

Vietnam plans to become leading digital economy in ASEAN by 2030 Read More »

Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly. They made the prediction during a symposium held by the National Centre for Socio-Economic Information and Forecast (NCIF) in Hanoi on July 11 discussing 2019 mid-term economic report. Speaking …

Economists: Vietnamese economy could grow by 6.86 pct in 2019 Read More »

The target of keeping the country’s inflation below 4 percent is feasible, experts said at a recent seminar held in Hanoi by the Institute of Economics and Finance (IEF) under the Academy of Finance. Some even forecast CPI growth might be below 3 percent. Nguyen Duc Do, Deputy Director of the IEF, mentioned the three …

CPI target for 2019 feasible: experts Read More »

Slowing global demand will have adverse impacts on Vietnam’s manufacturing growth in the remaining months of the year, experts forecast. Reports from the General Statistics Office (GSO) showed the growth rate of the processing and manufacturing sector slowed to 11.18 percent in the first half of the year, from the 12.7 percent in H1 2018. …

Easing external demand to weigh on Vietnamese manufacturing sector’s growth Read More »

Vietnam’s gross domestic product (GDP) expanded 6.76 percent, fueled by stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production, Director General of the General Statistics Office (GSO) Nguyen Bich Lam said at a press conference on June 28. The agro-forestry-fishery sector expanded 2.39 percent, contributing 6 percent of the GDP growth. Expanding …

January-June GDP picks up 6.76 percent Read More »

The agricultural sector has maintained growth in the first half of this year despite facing difficulties, especially the African swine fever epidemic which had a heavy impact on the domestic animal husbandry sector. Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến made the statement at a press conference on June 17 about the …

Agricultural sector sees production and business growth in H1 Read More »

There is room for the private economic sector to further develop, Prime Minister Nguyen Xuan Phuc affirmed during a reception for representatives from the Vietnam Private Business Association in Hanoi on June 17. The leader stressed equal development opportunities for different economic sectors, including the private economy, citing the 12th Party Central Committee’s Resolution No. …

PM highlights development potential of private economic sector Read More »

Vietnam is becoming one of the hottest startup hubs not only in Asia but also in the world, according to the International Business Times (IBTimes), a world leading provider of business and financial news. This is validated by local firms’ recent achievements in the sector, including winning a prestigious entrepreneur competition against the rest of …

Vietnam becomes one of hottest startup hubs in the world: IBTimes Read More »