The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietnam should not rely on a single market or a single growth driver like export, Prime Minister Pham Minh Chinh said, stressing the need to diversify products, and production and supply chains to sustain growth.
These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.
The Monetary Authority of Singapore will "reduce slightly the slope" of the dollar trading band, which it said will ensure medium-term price stability.
Remittances to Ho Chi Minh City in 2024 reached over 9.5 billion USD, up 0.9% year-on-year, the State Bank of Vietnam (SBV)'s branch in the city announced on January 16.
Singapore-based United Overseas Bank (UOB) has revised its forecast for Vietnam’s 2025 GDP growth to 7% from its previous projection of 6.6%, following the strong momentum from 2024.
The US Dollar Index (DXY) is projected to stay high and persist longer than anticipated throughout 2025, exerting continued pressure on the Vietnamese dong exchange rate.
A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about three% against the dollar, experts forecast.
The Monetary Authority of Singapore (MAS) on October 14 decided to keep unchanged its monetary policy stance, as its economy improved in the third quarter of this year.
An economist of the Asian Development Bank (ADB) has emphasised the need to strengthen the resilience of the Vietnamese economy against natural disasters given the devastating consequences of Typhoon Yagi, the strongest to hit Vietnam in decades, and its aftermath.
Prime Minister Pham Minh Chinh on August 5 requested the continued implementation of a proactive, flexible, timely, effective monetary policy which has proven its efficiency in the past time.
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4% in the first half of this year.
The International Monetary Fund (IMF) predicted that the recovery in manufacturing, tourism and consumer-facing services will create momentum for Singapore’s economy to grow by 2.1% in 2024, a pickup from 1.1% last year.
The Monetary Authority of Singapore (MAS) on April 12 announced that it has decided to keep its monetary policy unchanged, in line with expectations, as inflation and economic growth in the city-state moderated.
Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.
The central bank is focused on encouraging credit institutions to cut expenses, simplify credit granting procedures, and reduce lending interest rates to support the economy, an official has said.
Assessing Vietnam's monetary policy, HSBC experts expect the State Bank of Vietnam (SBV) will keep the policy interest rate unchanged at 4.5% throughout 2024.
