Legislators voiced support for the National Assembly (NA)'s issuance of a resolution on the national master plan for 2021-2030, with a vision to 2050, while discussing the plan at the parliament’s ongoing second extraordinary session on January 7.
Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5 percent from the previous 6.7 percent and for 2023 to 7.2 percent from 7.0 percent to reflect robust Q3 growth of 13.7 percent year-on-year. The last quarter 2022 growth is anticipated at 4.0 percent.
Vietnam’s GDP growth will reach 8 percent this year in the base-case scenario, provided that there will be no upheavals in the market but favorable external factors for the economy during the remaining months of the year, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
The southernmost province of Ca Mau has transformed itself from an agricultural province to a hub for aquaculture and seafood export in the Mekong Delta and Vietnam at large 25 years after it was established (January 1, 1997 – 2022).
Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.
The Vietnam Institute for Economic and Policy Research (VEPR) has recently introduced GDP growth scenarios in 2022, with the growth rate at 5.7 percent in the base scenario and 6.2 percent in the positive one. However, if the context is negative, VEPR forecasts that the GDP growth will decrease to 5.2 percent.
The Ho Chi Minh City Investment and Trade Promotion Center (ITPC) on January 28 held a seminar on the prospects of exporting goods to the European Union through the gateway of Poland to assist enterprises to have more information and experience to increase exports to this market.
Besides the target to achieve a 6-percent growth in the gross domestic product (GDP) or to control inflation at or below 4 percent, the mission of the year 2021 is to begin a new period and a new term. Therefore, the impressive results in 2020 are expected to create resilience for this year, thereby creating a foundation for Vietnam to continue to successfully fulfill the socio-economic targets for the period from 2021 to 2025.
The recovery prospects look brightest for Vietnam and the country is expected to be the only Southeast Asian economy to record positive growth this year, according to the latest Global Economic Outlook report from Oxford Economics, commissioned by chartered accountancy body ICAEW.
Gross Domestic Product (GDP) growth rate of Vietnam will approximate 6.9-7.1 percent in 2019, predicted the National Center for Socio-Economic Information and Forecast (NCIF) under the Ministry of Planning and Investment in its latest forecast.