Tag: GDP
Vietnam’s economy to rebound in Quarter 4: Mirae Asset
VOV.VN - The Mirae Asset Financial Group of the Republic of Korea has forecast the Vietnamese economy is likely to expand 4% in the fourth quarter of 2021 and 2.3% for the whole year after suffering a contraction of 6.17% in the third quarter due to the impact of the COVID-19 pandemic.
StanChart forecasts rate cut if COVID-19 impact lasts beyond Oct
Standard Chartered has forecast a potential interest rate cut if the economic impact of Vietnam’s COVID-19 outbreak lasts beyond October.
Vietnam’s GDP growth may reach 8% in 2022: DBS
Singapore-based financial service supplier DBS has predicted that Vietnam’s economic growth may reach 8% in 2022 thanks to rising flows of FDI and exports and digitalisation impetus.
Government chief affirms determination to spur economic growth
VOV.VN - Prime Minister Pham Minh Chinh affirmed the Government’s determination to take stronger measures as a means of creating fresh momentum for economic growth during a regular cabinet meeting held on October 2 in Hanoi.
GDP nosedives in Q3 due to COVID-19 impact
VOV.VN - Vietnam’s GDP growth rate during the third quarter of the year was estimated to have endured a decline of 6.17% due to social distancing and other COVID-19-related restrictions taking a heavy toll on the economy.
WB: Vietnam’s economy could converge toward pre-pandemic rate from 2022 onward
Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5% to 7% from 2022 onward, the World Bank has forecast.
GDP grows by only 1.42% during nine-month period
VOV.VN - Vietnam's gross domestic product (GDP) growth rate during nine- month period increased by just 1.42% due to the COVID-19 pandemic impacting all economic sectors, with several localities imposing prolonged social distancing measures, according to the General Statistics Office.
ADB lowers Vietnam’s 2021 GDP growth to 3.8%
VOV.VN - In its outlook update released on September 22, the Asian Development Bank (ADB) has lowered Vietnam’s economic growth rate for 2021 to 3.8% from the 6.7% projection due to the impact of the COVID-19 pandemic.
Economist suggests three focuses to revive Vietnam’s economy
Vietnam needs to shift from “Zero-COVID” strategy to vaccinations as the pandemic and the risk of new outbreaks are still lingering on, according to Dr. Nguyen Duc Kien, head of the Prime Minister’s Economic Advisory Council.
Firms face labour shortage after social distancing
Many firms are worried about labour shortages after resuming operations after the social distancing period.