The first half of this year saw a swift economic rebound as Vietnam’s pandemic restrictions eased following the adoption of a living-with-COVID strategy and a robust vaccination drive, according to an article published on the website of the International Monetary Fund (IMF), imf.org.
Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook.
VOV.VN - Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.
One-fifth of Indian companies that have operations in Southeast Asia or expect to do so have plans to expand their businesses in Vietnam in the next two years.
Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.
The Vietnamese economy will recover strongly in 2022, starting at the end of the first quarter, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered, at a seminar held in Hanoi on February 18.
Vietnamese lenders are hoping for at least 20% – 30% growth in their earning this year in the light of the country’s promising economic outlook.
VOV.VN - The Vietnam Briefing of Dezan Shira & Associates group published an article on December 31 stating that foreign investors continue to be confident about the local economy’s growth prospects ahead in 2022, despite the negative impact of the COVID-19 pandemic.
VOV.VN - State President Nguyen Xuan Phuc will attend the 28th APEC Economic Leaders’ Meeting at the invitation of New Zealand Prime Minister Jacinda Arden.
VOV.VN - The Vietnamese economy is showing signs of recovery from the prolonged COVID-19 outbreak, but how quickly it picks up heavily depends on the pace of vaccination, the effectiveness of pandemic prevention measures, and the government’s bailout packages.