ASEAN Perspectives: Fiscal Consolidation - A Long Way to Go
Today, HSBC released the report in which the fiscal perspectives of ASEAN are analyzed, the deficits are expected to remain high in 2022.
Asia Must Improve Digital Environment for Entrepreneurs, New Global Index Shows
Singapore has the world’s best digital environment and support system for entrepreneurs, according to the Global Index of Digital Entrepreneurship Systems, released today as part of the Asian Development Outlook (ADO) 2022 Update.
Strong Economic Fundamentals—Key to Fast Recovery in Vietnam, Says ADB
The Asian Development Outlook (ADO) Update 2022 says Viet Nam’s economy is performing reasonably well amid uncertainties in the global economy.
Standard Chartered Expects Vietnam’s Recovery to Stay Strong
Standard Chartered economists see inflation at 3.0% year on year in August in comparison to 3.2% in July and believe it is under control for now.
Vietnamese Getting Richer Eager to Spend Money on Healthy Food
In 2022, 3.4mn households or 10.7% out of total households had an annual disposable income of more than USD10,000. In 2026, there will be 6.8mn households, or 19.9% of total households, that have a disposable income of more than USD10,000 a year.
Vietnam’s Economy to Grow 8.5% in 2022, Moody Economists Say
Vietnam is also the only Asia-Pacific (Apac) economy to experience a significant upward revision to GDP (gross domestic product) growth forecasts by Moody’s Analytics, with the research house now projecting its 2022 GDP growth to hit 8.5 per cent – the highest among its peers.
Vietnam's Export Faces to the Challenges of Falling Demands
Although growth in both export and import moderated, the trade balance remained flat in July. As HSBC has flagged previously, Vietnam is likely to run the second consecutive year of current account deficit, posing downside pressure on VND.
Economists Point Out Challenges Ahead for Vietnam’s Economy
Although growth in both export and import moderated, the trade balance remained flat in July. As HSBC has flagged previously, Vietnam is likely to run the second consecutive year of current account deficit, posing downside pressure on VND.
Standard Chartered Bank Forecasts Vietnam’s Q3 GDP Growth at 10.8%
Standard Chartered economists expect the State Bank of Vietnam (SBV) to keep the policy rate on hold at 4.0% in 2022 to support economic growth and businesses, despite rising inflation.
Gojek Launches Vietnam’s First Outdoor “Talking Billboards”, Inspired by Cries of Traditional Street Hawkers
Gojek, Southeast Asia’s leading mobile on-demand platform, has deployed outdoor “talking billboards” in Hanoi and Ho Chi Minh City (HCMC), making it the first brand in Vietnam to utilize this new form of outdoor advertising.
Vietnam Among the Most Vulnerable Countries to Climate Impacts
Vietnam’s 100 million people are among the most vulnerable in the world to climate impacts, facing hazards along the country’s 3,260-km long coastline and extensive low-lying regions.
IMF Stressed the Need for Inflation Controlling in Vietnam
As elsewhere, COVID-19 led to disruptions to economic activity. In 2020, successful containment measures coupled with supportive policies made Vietnam the regional top-performing economy.
$134 Million UK Fund to Help Catalyze Green Financing in SouthEast Asia
ASEAN countries are grappling with increasing costs of climate change, which add to the existing investment needs of $210 billion per year for infrastructure in the region and exacerbate the heightened vulnerability of people and the economy after the COVID-19 pandemic.
HSBC Raises Vietnam’s 2022 Growth Forecast
HSBC expects Vietnam’s economy to grow 6.9% in 2022, likely topping the region. That said, HSBC trims 2023 growth forecast to 6.3%, taking account of mounting downside risks, particularly from the energy side.
Standard Chartered Expects Vietnam’s Recovery to Gain Momentum in the Next Quarter
Standard Chartered Bank maintains its 2022 and 2023 inflation forecasts of 4.2% and 5.5%, respectively. Supply-side factors pose upside risks to inflation, particularly given the ongoing.
USAID, Ministry of Planning and Investment, and Leaders of the Mekong Region Launch Mekong Innovation Initiative
USAID/Vietnam Mission Director Ann Marie Yastishock and MPI Vice Minister Tran Duy Dong were joined by the Director of MPI’s National Innovation Center and leaders from 13 provinces in the Mekong Region for the formal launching ceremony in Can Tho.
Developing Asia Economies Set to Grow 5.2% This Year Amid Global Uncertainty
However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook.
East Asia and Pacific Economic Recovery Faces 3 Emerging Risks
Shocks emanating from the war in Ukraine and the sanctions on Russia are disrupting the supply of commodities, increasing financial stress, and dampening global growth.
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