Tag: growth
Banks continue bond issuance to meet capital adequacy ratio
Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).
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.
World Tourism Day 2021 to focus on tourism for inclusive growth
World Tourism Day 2021, which is observed on September 27 annually, will focus on “Tourism for Inclusive Growth” this year, according to the Vietnam National Administration of Tourism (VNAT).
Vietnam enjoys positive trade growth with CPTPP markets
VOV.VN - Vietnam has benefitted from implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as two-way trade between it and other CPTPP markets rose 23.36% to US$52 billion during the seven-month period, according to the Ministry of Industry and Trade (MoIT).
Major economic development targets by 2030
The positive achievements in socio-economic development in 2020 amid the prevalence of COVID-19 have offered Vietnam a further premise for the successful realisation of its socio-economic development targets this year.
China, Vietnam boost collaboration in trade facilitation
VOV.VN - The Vietnamese Ministry of Industry and Trade (MoIT) signed memorandum of understanding (MoU) with the Chinese Ministry of Commerce regarding the establishment of a Working Group on Vietnam-China Trade Facilitation and the bilateral co-operation plan for the 2021 to 2025 period.
Local consumer markets expected to grow by US$130 billion over next 10 years
Consumption in Vietnam could grow by US$130 billion over the next decade as Asia continues to be the world’s consumption growth engine, a new report from McKinsey has revealed.
HSBC maps out two scenarios for Vietnamese economy until year-end
HSBC has forecast two scenarios for Vietnam’s economy until the end of the year, with both of them focused on the re-opening of the economy, albeit in a cautious and systematic way.
Vietnam likely to lower GDP growth to 3.5 - 4% this year
VOV.VN - Minister of Planning and Investment Nguyen Chi Dung says his Ministry is considering revising Vietnam’s economic growth rate target to between 3.5% and 4%, as opposed to the 6.5% originally expected, due to the negative impact caused by the COVID-19 pandemic.
