Vietnam, Cambodia, and Myanmar are among a few Asian nations set to gain the most from shifts in apparel manufacturing, according to a recent report from Fitch Solutions.
Fitch Solutions have revised up its 2020 real GDP growth forecast for Vietnam slightly to 3%, from 2.8% previously.
Vietnam’s four State-owned mobile operators – Viettel, VNPT-Vinaphone, GMobile and MobiFone – have just agreed to share some 1,200 base transceiver stations (BTS), a move that Fitch Solutions said would provide a boost to GMobile as the smallest player of the four.
Vietnam's 5G network is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.
Vietnam’s credit growth is forecast to slow to only 8% in 2020 from 13.7% last year due to a sharp slowdown in economic activity amid the COVID-19 pandemic.
Fitch Solutions on March 24 revised down Vietnam’s economic growth in 2020 to 6.3% from 6.8% previously due to the COVID-19 outbreak.
Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak.
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’s fiscal deficit, including principal repayments, would come in at 6.6 percent of GDP this year and next year, up from 5.9 percent in 2018, Fitch Solutions Macro Research forecast.
VOV.VN - Vietnam is the country the US had its sixth largest trade deficit with last year and this deficit continuing to test new highs could put Vietnam’s exports at risk of punitive tariffs from the US, said a research entity of Fitch Group.
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.
VOV.VN - Vietnam’s apparel industry will be a key beneficiary from the ongoing US-China trade war and the subsequent diversification strategies of US retailers, a research entity of Fitch Group has forecast.
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.
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.
VOV.VN - Earnings growth in the Vietnamese banking sector, following a sterling year in 2018, would ease in 2019 due to slowing loan growth, reported by a foreign research firm.
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.
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.
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.
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?
Success of foreign banks in Vietnam has been fueling the volume of capital poured into the sector, while these banks are changing their operations to grow.