Tags: fitch solutions

Forex rate forecast to remain stable till year-end

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.

Vietnam - a growing electronics production base

Vietnam - a growing electronics production base

VOV.VN - Major original equipment manufacturers and contract assemblers contemplate moving production facilities out of China to lower-cost production bases in Southeast Asian countries, including Vietnam, to avoid high US tariffs on exports, a research entity from Fitch Group has stated.

Vietnam’s growth to remain under pressure in 2019

Vietnam’s growth to remain under pressure in 2019

VOV.VN - Fitch Solutions, a macro research unit of Fitch Group, maintains its forecast that Vietnam’s real GDP growth will come in at 6.5 per cent in 2019, a fall from 7.1 per cent in 2018, partly due to unfavourable base effects potentially occurring in the remainder of 2019 and slowing global demand.

Trade war to benefit Vietnam’s fashion sector

Trade war to benefit Vietnam’s fashion sector

VOV.VN - Vietnam and Bangladesh are forecast to reap benefits from becoming alternative sourcing destinations as the fashion sector is reckoned the most exposed amid an escalating US - China trade war with the US tariff threat of additional US$300 billion of Chinese imports, according to Fitch Solutions analysts.

Coal-fired power set to grow to meet Vietnam’s needs

Coal-fired power set to grow to meet Vietnam’s needs

Though the Government plans to increase its renewable energy capacity, Vietnam’s power industry is forecast to see a rise in coal-powered generation as the cheap and reliable source remains the most feasible option to meet the country’s rapidly rising power demands.

Vietnam’s fiscal deficit likely to remain wide during 2019

Vietnam’s fiscal deficit likely to remain wide during 2019

VOV.VN - With budget collection likely to be constrained due to the loss of import duties and tariffs as Vietnam continues to open up its trade doors, the country’s budget deficit is likely to remain wide, reported a research firm.

Vietnam to keep outperforming region: Fitch Solutions

Vietnam to keep outperforming region: Fitch Solutions

VOV.VN - Vietnam’s economy expanded by 7.1 percent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.

2019’s promising economic outlook

2019’s promising economic outlook

With the economy reaching an 11-year high and growth quality significantly improved in 2018, the Vietnamese government expects the same growth to be achieved in the following 12 months. What will be the key factors in hitting this goal?