The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.
Exports of aquatic products in the second quarter could increase by 8 percent at the highest, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The world prices of cashew nut are forecast to recover in the second quarter of this year to levels higher than that in the past two years, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development.
Central and southern localities have employed an array of measures to brace for Typhoon Usagi, which is forecast to make landfall in the night of November 24 or November 25 morning.
Hanoi’s population had spiralled out of control with the capital’s total number of residents already exceeding the target set for 2030, according to a report by the National Assembly.
Vietnam enjoyed a high trade surplus of US$5.39 billion for the first 9 months of the year with export turnover is forecast to touch US$239 billion this year.
The Vietnamese government has given a positive economic forecast with possible GDP growth of more than 6.7% along with gradually improved growth model.
Super Typhoon Mangkhut is forecast to hit the northern mainland of Vietnam on September 17 and 18, according to the National Centre for Hydro-Meteorological Forecasting (NCHF).
Vietnam has attracted companies renting industrial property due to low cost as well as strategic location, strong economic growth and development of the middle-class, according to JLL Vietnam.
The International Monetary Fund (IMF) has recently forecast Vietnam’s economy to grow at 6.6% this year and 6.5% the following year in a report “World Economic Outlook, April 2018”.
Deputy Prime Minister Trinh Dinh Dung on December 25 made a field trip to the Mekong Delta province of Soc Trang to inspect preparedness for Typhoon Tembin, forecasted to hit Vietnam’s mainland in the evening the same day.
Ho Chi Minh City will become the second fastest growing economy in Asia by 2021, according to a study by the UK-based Oxford Economics, reported Bloomberg.
International Monetary Fund said in a report that World Economic Outlook raised its global growth projection for 2017 to 3.5 percent from a prior 3.4 forecast.