The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.
The Asian Development Bank (ADB) maintained its positive economic outlook for Vietnam, forecasting the country’s GDP growth at 6% in 2024 and 6.2% in the following year.
To accelerate growth, stronger measures are required to address domestic structural fragilities, such as heavy reliance on FDI-led manufacturing exports, weak linkages between manufacturing export industries and the rest of the economy, an overreliance on bank credit, and complex regulatory barriers to business.
The Asian Development Bank (ADB) has forecast Vietnam's Gross Domestic Product at 6% for 2024, according to the Asian Development Outlook released on December 13.
Despite the weak external environment, the Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, said Asian Development Bank (ADB) Country Director for Vietnam Shantanu Chakraborty.
The Asian Development Bank (ADB) said while Vietnam’s economy is performing well amid uncertainties in the global economy, risks to the economic outlook have become elevated.
The Asian Development Bank (ADB) has revised up its economic growth forecast for Vietnam to 7.5% this year, from 6.5% as projected in September, given regional and global gloom.
Vietnam is ranked 63rd out of 113 global economies in a global ranking of digital environment and support systems for entrepreneurs, according to a new index developed by the Asian Development Bank (ADB).
ADB experts have said growth is being pushed by the continuously broadening trade and the more-than-expected recovery of the production and manufacturing sector. This growth is also coupled with the increasing domestic travel and disbursement of the public investment, trending growth skyward.
Vietnam’s economic growth is expected to rebound to 6.7 percent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7 percent in 2022, according to the Asian Development Bank (ADB).
Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.
Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand's economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8 percent, says the Asian Development Bank (ADB).
Vietnam’s economy is expected to grow 1.8 percent in 2020 amid the COVID-19 pandemic and bounce back to 6.3 percent in 2021, according to a new report released by the Asian Development Bank (ADB) on September 15.
The Asian Development Bank (ADB) recently forecast that Vietnam’s economic growth this year would be 4.1 percent, 0.7 percentage points lower than its April estimate but still the highest expected in Southeast Asia.
The Asian Development Bank (ADB) has retained its forecast for Vietnam’s economic growth at 6.9 percent in 2018 and 6.8 percent in 2019 in its new report.
The Asian Development Bank (ADB) forecasts in its latest report that Asia’s economy will expand by 6 percent in 2017, driven by stronger-than-expected exports and domestic consumption.
Indonesian Minister of National Development Planning Bambang Brodjonegoro has believed that the country’s economic growth rate will be higher than the ADB’s forecast of 5.1 percent.
Growth prospects for developing Asia are looking up, bolstered by a revival in world trade and strong momentum in China, the Asian Development Bank (ADB) said in its Asian Development Outlook (ADO) 2017 Update released on September 26.
