ADB raises economic growth forecast for Vietnam
Thursday, December 14,2017AsemconnectVietnam - The Asian Development Bank (ADB) has raised its forecast for Asian economic growth to 6.7% this year thanks to increases in exports and higher domestic fuel consumption.
The Bank adjusted Vietnam’s growth rate to 6.7% for 2017 and 2018. In the first 3 quarters of this year, GDP was at 6.4% compared to 5.9% in the same period last year.
Agriculture had rebounded 2.8% as droughts have eased in the Mekong Delta and Central Highlands. Industry and construction have maintained a strong growth rate, despite a 8.1% reduction in mining and crude oil exploitation in the first half of this year.
In its Asian Development Outlook Update 2017 report released on December 13, ADB acknowledged Vietnam’s achievements in processing and manufacturing that expanded by 12.8% in the first three quarters of this year, the sector’s highest rate of growth since 2011. Manufacturing growth in the last quarter may exceed growth in the first three quarters.
The services growth soared to 7.3% from 6.7% in last year's corresponding period thanks to expanding tourism and strong banking activity.
Source: vov.vn
Source: vov.vn
Wheat imports increased slightly in first 2 months of 2023
Steel market update: Price rises despite falling demand
Tea export value to China skyrockets
Reference exchange rate up 2 VND at week’s beginning
DAILY: Vietnamese pepper prices remained unchanged on March 27
DAILY: Vietnamese coffee prices remained unchaged on March 27
Significant efforts needed to realise 4.3-billion-USD shrimp exports
Coffee exports to Netherlands enjoy three-digit growth
Durian to make breakthrough for Vietnam's fruit exports
Corn imports decreased in first 2 months of 2023
Vietnam showing better-than-average growth: Indian expert
Vietnam works hard to boost exports to Chinese market
DAILY: Vietnamese pepper prices remained unchanged on March 24
Reference exchange rate down 15 VND
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...