Vietnam’s economy to grow at 6.5 percent in 2017: ADB
Vietnam’s economy will grow at 6.5 percent in 2017 and expand to 6.7 percent in 2018, according to the Asian Development Bank (ADB)’s “Asian Development Outlook 2017” report.
Hanoi (VNA)𝐆 – Vietnam’s economy willgrow at 6.5 percent in 2017 and expand to 6.7 percent in 2018, according to theAsian Development Bank (ADB)’s “Asian Development Outlook 2017” report.
The figures were revealed by ADB’s economicspecialist Aaron Batten at a press conference on economic development inVietnam – Asia in 2017, which was held in Hanoi on April 10. The country’s economy will be driven by thedevelopment of domestic manufacturing, construction, retails and wholesales,banking and tourism, the report noted. Foreign direct investment will boosts thedomestic manufacturing and Vietnam’s exports earnings. In addition, the number of middle-classVietnamese will double to reach 33 million people in 2030, contributing to theincrease of personal expenditure and retails. Meanwhile, agricultural produce is projected topick up somewhat in 2017 given the outlook of higher global food demand.However, the agriculture sector of the country will continue its slow growthcompared to other sectors, dragging down the economy. Major transformation in agriculture sector is avital element to lifting Vietnam economic growth and enabling it to graduate toupper-middle-income status, according to ADB. Achieving such a transformation requiresaddressing main policy challenges, including rising competitiveness in inputsupply, post-harvest processing and the marketing of produce, said EricSidgwick, ADB Country Director for Vietnam. He also suggested Vietnam expanding its ruralinfrastructure and supporting agriculture products while launching moresustainable natural resource management. Simultaneously, it is necessary for Vietnam touse effectively its existing labour and natural resources, he noted.-VNA
Vietnam will achieve its 2017 goal of 6.7 percent growth in gross domestic product (GDP), higher than 6.21 percent in 2016, due to the efficiency of its reforms, say experts.
The domestic economy was stable in 2016, particularly toward the end of the year, after a slump in the first half, said Nguyen Duc Thanh, Director of the Vietnam Centre for Economic and Policy Research (VEPR).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At the press conference (Photo: VNA) 
