Vietnam is considered a bright spot among emerging markets together with Hungary, Romania, Poland and the Czech Republic with its high and stable growth rate.
Vietnam is considered a bright spot among emerging markets together with Hungary, Romania, Poland and the Czech Republic with its high and stable growth rate, according a recent article posted in the UK’s Financial Times.
The article said the Southeast Asian nation’s 2014 economic growth was well above its average growth for the five years prior. From 2008-2014, Vietnam’s economy increased by nearly 40 percent of the gross domestic product (GDP), doubling Poland’s rate. Meanwhile, Romani, the Czech Republic and Hungary saw no rise during the period.
The article cited market forecasts of Consensus Economics as saying that Vietnam’s economy could reach a growth rate of 6.1 percent in 2015 and 6.2 percent in 2016.
The Vietnamese Government had previously set a growth target of 6.2 percent for this year, but Prime Minister Nguyen Tan Dung acknowledged in June that the figure could increase to 6.4 percent.
The Asian Development Bank (ADB) forecast Vietnam’s economic growth in 2015 will be 6.5 percent and 6.6 percent in 2016, respectively.
The country’s economic growth could reach 6.5 percent in 2015 and around 7 percent in 2016 during an interview with the Financial Times, Chief Executive of Dragon Capital Dominic Scriven told the newspaper.
According to the General Department of Vietnam Customs, the foreign direct investment (FDI) sector earned over 72.35 billion USD from exports in the first eight months of this year, accounting for 67.9 percent of the total export turnover.
However, the article pointed out risks the market is facing such as its loose monetary policy, inflation and the nation’s banking system bad debt ratio reaching up to 15 percent of GDP.-VNA
Registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates in the first ten months of this year have been consistent with a stable business climate, radio the Voice of Vietnam quoted Minister of Planning and Investment Bui Quang Vinh as saying.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Saigon Port (Photo: VNA)
