VOV.VN - The Vietnamese capital has determined that increasing domestic demand stimulus is a key task that can help to boost production and business as removing difficulties for firms will allow them to better meet supply and demand as a way of restoring economic growth following the impact of the COVID-19 epidemic.
The tourism market has recovered since mid-April when social distancing measures against COVID-19 were eased, heard a conference held in the north-central province of Thanh Hoa on May 16.
Vietnam has imported 250 pigs from Thailand to breed and is encouraging businesses to import more to help restock herds across the country after the impactof the African swine fever outbreak.
Stable production and supply-demand balance has helped Vietnam’s construction materials industry better meet domestic demand, according to the Department of Construction Materials under the Ministry of Construction.
The Prime Minister has approved a programme on developing the supporting industry which is expected to meet 45 percent of the demand of domestic production by 2020 and 65 percent by 2025.
Vietnam’s (B1 stable) credit profile is supported by its robust economic growth and diversified economy, according to Moody’s Investors Service.
While the world’s largest emerging economies such as Russia, Brazil and China falter, Vietnam’s steady economic growth at nearly 7% this year will make it among the fastest-growing markets in the world, Bloomberg said in a recent article.
(VOV) - The Vietnam trade deficit widened less than expected in the five months leading up to June and a rebound in imports hinted to some firming in domestic demand early in the second quarter of the year.
ANZ has forecast an annual GDP growth of 6.5 % for Vietnam in 2015 and 2016, with the bank's economic experts saying the actual result may be even better when taking into account the notable achievements of the first quarter.
Vietnam's growth, though not stellar, is continuing, as latest high-frequency indicators suggest domestic demand is rebounding, albeit at a gradual pace, according to HSBC's Asian Economics quarterly report.
(VOV) - ANZ Bank forecast that Vietnam’s GDP growth to 6.5% year on year for both 2015 and 2016 (from 6.2% and 6.4% respectively).
(VOV) -Vietnam’s GDP growth in the first quarter of 2014 highlights the need to balance the domestic-led and export-driven component of the economy, according to a recent report released by the Australia-New Zealand Banking Group (ANZ).
(VOV) -The future is looking bright for export-oriented businesses, according to a forecast by economists at the Hong Kong and Shanghai Banking Corporation (HSBC).
(VOV) -Vietnam’s manufacturing output increased for the third month running, and at the sharpest pace since April 2011, said HSBC in its latest report.
(VOV) - HSBC’s monthly report predicts Vietnam’s GDP growth rate will only reach 5.1 percent in 2013, 0.4 percent lower than its previous forecast.
The Asian Development Bank (ADB) has lowered its forecast for Vietnam’s economic growth this year to 5.1 percent, predicting growth of 5.7 percent next year in the context of continual weakness in external markets and domestic credit.