The Hanoitimes - If Japan continues to tighten its specialized products export to South Korea, Samsung’s production in Vietnam in the fourth quarter could be severely impacted, causing negative impacts on the country’s economy. Vietnam’s trade surplus expands to US$1.7 billion in 7 months Vietnam reaffirms commitment to prevent trade fraud Vietnam faces growing pressure to crack down on trade fraud Vietnam's imports from US jump 19% in H1 as trade tensions rise Vietnam ministry announces criteria for “made in Vietnam” products amid rampant trade fraud In case Japan and South Korea could not reach a deal to de-escalate the current trade spat, Vietnam’s trade balance and export activities could be affected, according to Viet Dragon Securities Company (VDSC). According to VDSC’s latest report, goods related to semiconductors and displays such as computer, phones, and cameras accounted to 35% of total Vietnam exports in 2018. … [Read more...] about Vietnam economy under pressure from Japan – S.Korea tension
Vietnam economy
Vietnam’s economy forecast to surpass Singapore by 2029: report
Vietnam's economy is expected to surpass Singapore by 2029, according to a report by Singapore-based DBS Bank. Vietnam on track to overtake Singapore in decade, according to a report by Singapore-based DBS Bank. (Photo: NDO/Pham Ha) At present, the size of the Vietnam economy is about US$224 billion, or about 69% of Singapore’s economy (US$324 billion), which is also the third largest in the region, behind Indonesia and Thailand. Vietnam has the potential to grow at a pace of about 6-6.5% over the next decade, thanks to strong foreign investment inflow and productivity growth in the coming years. “If it can sustain that pace of growth, Vietnam’s economy will be bigger than Singapore’s economy in ten years’ time,” Singapore-based economist Irvin Seah said in a research note issued on May 28. DBS forecast that if Vietnam can maintain the growth pace of about 6-6.5% in the coming years, and that Singapore continues to grow at a matured pace of … [Read more...] about Vietnam’s economy forecast to surpass Singapore by 2029: report
Vietnam economy forecast to grow by more than 7% in 2019
The Hanoitimes - World Bank (WB) Country Director for Vietnam Ousmane Dione appreciated what Vietnam has achieved in the context of global challenges. Many experts have forecast the Vietnamese economy will enlarge by 7%, and with drastic reforms taken, the growth will reach 7.06%. The National Center for Socio-economic Information and Forecast (NCIF) has released two growth scenarios for 2019 and 2020. Accordingly, Vietnam's economy may grow by 6.84%-7.02% in 2019 and 7%-7.2% in 2020. The NCIF's report shows that the economic growth in the period of 2016 - 2018 is on the rebound, but improving the quality of growth has not met the target. Labor productivity has improved but still falls short of expectation. The business environment has improved but its impacts have not been widespread. Public debt has declined, but foreign debt and debt servicing are tending to approach the safety limits. Head of Analysis and Forecasting Department (under NCIF) Dang Duc Anh said that there … [Read more...] about Vietnam economy forecast to grow by more than 7% in 2019
Vietnam economy is forecast to grow by more than 7% in 2019
The Hanoitimes - World Bank (WB) Country Director for Vietnam Ousmane Dione appreciated what Vietnam has achieved in the context of global challenges. Many experts have forecast the Vietnamese economy will enlarge by 7%, and with drastic reforms taken, the growth will reach 7.06%. The National Center for Socio-economic Information and Forecast (NCIF) has released two growth scenarios for 2019 and 2020. Accordingly, Vietnam's economy may grow by 6.84%-7.02% in 2019 and 7%-7.2% in 2020. The NCIF's report shows that the economic growth in the period of 2016 - 2018 is on the rebound, but improving the quality of growth has not met the target. Labor productivity has improved but still falls short of expectation. The business environment has improved but its impacts have not been widespread. Public debt has declined, but foreign debt and debt servicing are tending to approach the safety limits. Head of Analysis and Forecasting Department (under NCIF) Dang Duc Anh said that there … [Read more...] about Vietnam economy is forecast to grow by more than 7% in 2019
Global uncertainties continue to pose threats to Vietnam economy: CIEM
The Hanoitimes - Uncertainties surrounding global trade activities, especially the escalating trade tensions between the US and China and the FED`s decision of hiking interest rates are putting pressure on Vietnam`s macro-economic management. Vietnam still maintains high economic growth rate of 6.88% in the third quarter and 6.98% in the first nine months of 2018, however, global uncertainties continue to pose threats to the country's economic prospects, according to Nguyen Dinh Cung, director of the Central Institute for Economic Management (CIEM). Overview of the conference. Source: Ngoc Mai. Uncertainties surrounding global trade activities, especially the escalating trade tensions between the US and China and the FED's decision of hiking interest rates, are putting pressure on Vietnam's macro-economic management, Cung said in a conference on October 17. "It is vital that the government solidify the macro-economic foundation, in turn ensuring economic … [Read more...] about Global uncertainties continue to pose threats to Vietnam economy: CIEM