Unions between Korean financial institutions and Vietnamese securities or asset management firms are on trend, with visible upsides for both parties.
VOV.VN - The majority of NA Standing Committee members have echoed the Government’s view that most major socio-economic development targets would be achieved this year which aims for 6.7% GDP growth.
HSBC has revised its growth forecast for Vietnam this year up to 6.6 percent, days after data from the General Statistics Office showed the economy grew 7.46 percent in the third quarter year-on-year; its strongest third-quarter growth since 2010.
Despite a continued downturn in the mining sector, nine-month figures show Vietnam’s economy is on a good growth trajectory.
Hanoi’s Consumer Price Index (CPI) in September posted a month on month rise of over 3 percent as reported by the municipal Statistics Office.
A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones.
Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.
The fulfilment of the gross domestic product (GDP) growth of 6.7 percent in 2017 requires high political determination from ministries and departments as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed at a meeting in Hanoi on August 12.
The central province of Thua Thien-Hue recorded a gross domestic product (GDP) growth rate of 7.44% in the first half of 2017, much higher than the figure of 5.8% in the same period last year.
The low GDP growth rate of 5.1% in the first quarter of the year, the lowest rate in the last two years, has made it more difficult to reach the 6.7% GDP growth rate target for 2017.
To obtain a 6.7% GDP growth rate in 2017, Vietnam needs to change its economic structure, experts say.
Deputies to the 14th National Assembly have agreed that the Government should continue creating favourable conditions for investors and boosting production, especially in industry and services, to achieve the tough set GDP growth target of 6.7 percent for 2017.
The Vietnamese government expects to hit its growth target for the year despite a slow first quarter by excavating more crude oil, but lawmakers said this would go against a bigger plan to build a sustainable economy which relies less on mining.
The government will not propose the National Assembly (NA) to adjust the economic growth target in its third session, which is scheduled to take place on May 22, 2017.
Vietnam is facing tough challenges to fulfil its economic growth target for this year amidst the country is experiencing trade deficit and depending on foreign direct investment sector, held Dr. Vu Thanh Tu Anh, Fulbright University’s Director of Research.
VOV.VN - During the past three decades, the Vietnam economy has benefited from a transition away from agriculture toward manufacturing and services, and a demographic powered by a youthful population.
The multinational insurance company Aviva Plc has announced the acquisition of VietinBank’s entire 50% shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Limited and signing of a new distribution agreement with VietinBank.
With Vietnam’s economy slowing down in the first quarter, the government has requested that state-run corporations and associations pull out all the stops to help the country achieve the full-year GDP growth target.
Prime Minister Nguyen Xuan Phuc has assessed that the business and investment environment of Vietnam has been effectively supporting the development of enterprises, pointing a high number of startups and profitable firms.
Trade officials from the eleven remaining members of the TPP will hold discussions in the coming weeks and ministers will meet again in May in Vietnam to continue debate over the TPP.