Nguyen Chi Dung’s latest mark beats previous official range of 6-6.5%
Vietnam’s economy grew at a 7.72% annual pace in the second quarter on the back of robust exports, government data showed on Wednesday, though authorities noted challenges such as rising inflation for the second half of the year.
Vietnam will cap public debt at 60% of its gross domestic product through 2030, the government has announced.
The Ho Chi Minh City economy beat experts’ predictions with 1.88 percent growth in the first quarter after shrinking by 11.6 and 25 percent in the last two quarters.
Vietnam, south-east Asia’s fastest-growing economy, reaffirmed its outlook for an expansion of as much as 6.5 per cent this year, as it expects activity to pick up from a slower-than-expected first quarter as risks from COVID-19 recede.
Vietnam reported economic growth of just 2.58% on Wednesday, beating a 30-year low set last year as the pandemic continues to take a toll.
Vietnam’s economy should get back to gross domestic product (GDP) growth of 6.8% next year, which will be driven by a return of strong foreign direct investment (FDI) into the market, mainly focusing on the manufacturing sector, according to HSBC…
The worst economic impacts of the Covid-19 are behind Vietnam and many potentials are lying ahead on the country’s recovery progress, the CEO of HSBC Vietnam said.
Vietnam is considering a raising of the ceiling on its public debt from the current level of 60% of gross domestic product to shore up an economy hit by the coronavirus, its investment minister has announced.
Although Vietnam’s Chinese debt burden is low compared to some of its neighbors, it is still a worry for the Communist Party mandarins in Hanoi.
The Ministry of Planning and Investment estimates the country’s GDP growth in 2021 at 3-3.5 percent, down 0.5 percentage points from the forecast in September.
Warnings that lockdowns were crippling businesses heaped pressure on Communist government
Vietnam’s gross domestic product contracted 6.17% in the third quarter of 2021 from a year earlier as pandemic restrictions hit, the sharpest quarterly decline on record, government data released on Wednesday showed.
Vietnam’s gross domestic product (GDP) grew by 5.64 per cent in the first half of 2021, according to a government report this week.
US exports contribute, though delayed vaccinations hinder prospects