GDP growth to hit 8 percent this year in base-case scenario: Official

GDP growth to hit 8 percent this year in base-case scenario: Official

Vietnam’s GDP growth will reach 8 percent this year in the base-case scenario, provided that there will be no upheavals in the market but favorable external factors for the economy during the remaining months of the year, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
MPI: Growth scenario in 2023 of about 6.5 percent

MPI: Growth scenario in 2023 of about 6.5 percent

Assessing that difficulties and advantages will be inextricably intertwined in 2023 but the difficulties will far overweigh the advantages. The Ministry of Planning and Investment decided on a growth scenario in 2023 of about 6.5 percent at the Government press conference on the afternoon of October 1.
Economic growth in 2022 forecasted to be from 5.2 to 6.2 percent

Economic growth in 2022 forecasted to be from 5.2 to 6.2 percent

The Vietnam Institute for Economic and Policy Research (VEPR) has recently introduced GDP growth scenarios in 2022, with the growth rate at 5.7 percent in the base scenario and 6.2 percent in the positive one. However, if the context is negative, VEPR forecasts that the GDP growth will decrease to 5.2 percent.
​A corner of HCMC

HCMC faces difficulties, obstacles in urban planning

The People’s Committee of HCMC on March 9 submitted a report on implementing policies and legislation in the planning in the city to the inspection delegation of National Assembly.
Banks allowed to extend credit growth quota

Banks allowed to extend credit growth quota

The State Bank of Vietnam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.

Price-to-Earnings ratio falls in Second Quarter

Price-to-Earnings ratio falls in Second Quarter

Business results of the second quarter of 2021 saw the Price-to-Earnings ratio (P/E ratio) of the Vietnamese stock market drop immediately, a sure sign that the Vietnamese stock market is becoming weaker. However, despite liquidity becoming very low, the market also corrected down quickly.
Illustrative image (Photo: SGGP)

Credit limit increase will support economy

Many commercial banks have now extended their credit growth limit for 2021. This could be the best solution offered by the State Bank of Vietnam because currently monetary policies do not have much room and the brunt of reducing lending interest rates is falling on the economy.
Economic growth at 3.5-4 percent this year in adverse scenario

Economic growth at 3.5-4 percent this year in adverse scenario

According to a research team of the Vietnam Institute for Economic and Policy Research (VEPR), in case the Covid-19 pandemic cannot be controlled, economic activities cannot return to normal until the fourth quarter, and the vaccination process is carried out slowly due to a lack of supply, Vietnam's economy can only grow from 3.5-4 percent this year.
NA Chairman urges stepping up vaccine strategy

NA Chairman urges stepping up vaccine strategy

National Assembly Chairman Vuong Dinh Hue has asked for stepping up the vaccine strategy with a specific roadmap and measures to achieve herd immunity, thus laying an important foundation to catch up with the global economy.