Vietnam’s gross domestic product (GDP) growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks.
Hanoi (VNA) 🎃– Vietnam’s gross domestic product (GDP) growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks.
In a report released recently, ANZ expects Vietnam’s GDP to rise 6.9 percent in 2016 and 6.5 percent in 2017.
“Yet we acknowledge the downside risks emanating from the contraction in agricultural output. Global expectations for rice output are not promising, weighing on agricultural exports,” the ANZ report said.
Early this week, the Asian Development Bank (ADB)’s growth forecast for Vietnam’s GDP was robust, with predictions of 6.7 percent in 2016 and 6.5 percent in 2017.
Credit Suisse also said that Vietnam’s GDP would rise 6.3 percent in 2016, third fastest in emerging market economies after China (6.6 percent) and India (7.8 percent).
Credit Suisse said Vietnam’s growing popularity as a global manufacturing hub was one of the reasons for the growth.
It also expects Vietnam’s export growth to moderate slightly from 7.1 percent in 2015 to 6.9 percent in 2016 due to a recent slowdown in the US and China’s declining appetite for imports while foreign direct investment (FDI) reaches 13 billion USD, down from 14.5 billion USD in 2015.
“The manufacturing sector, which accounts for 24 percent of Vietnam’s GDP, attracted 57 percent of the FDI inflows last year. The country stands to gain even more investment from the Tran-pacific Partnership, a free trade agreement among 12 countries,” Credit Suisse said.
However, the Vietnamese equities market still has its challenges, such as liquidity, a relatively small number of listed firms, and limits on foreign ownership.-VNA
Vietnam has set goals for GDP to grow by 6.5-7 percent and inflation to be kept at around 5-7 percent in the next five years, the Ministry of Planning and Investment said.
The Economist Intelligence Unit (EIU) under The Economist Group forecasted an upbeat prospect for Vietnam’s economy with a gross domestic product growth rate expected to stand at 6.8 percent in 2016.
Vietnam is an attractive destination for investment amid a lackluster global economy, Nirukt Sapru, CEO of Standard Chartered Bank Vietnam said in a recent report.
Vietnam’s economic growth rate is expected to range from 6.5-7 percent in the next five years, according to a report presented by Deputy Prime Minister Nguyen Xuan Phuc.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Source: VNA)
