ADB maintains Vietnam’s 2019 growth forecast at 6.8 percent
Friday, July 19,2019AsemconnectVietnam - The Asian Development Bank (ADB) retained its growth projections for Vietnam at 6.8 percent for 2019 and 6.7 percent for 2020 in a report released on July 18.
The predictions in the Asian Development Outlook Supplement are unchanged from the forecasts made in the April report.
In the latest version, the ADB said Vietnam has been the fastest-growing economy in Southeast Asia this year, noting that growth in the first half of 2019 is estimated at 6.8 percent year on year despite agriculture being hobbled by a prolonged drought and African swine fever.
Growth in industry and especially manufacturing remained robust, though moderating from the first half of 2018.
Sustaining growth were strong inflows of foreign direct investment, up by 27 percent in the first five months of 2019 from a year earlier. China overtook the Republic of Korea (RoK) and Singapore to become the largest overseas provider of newly registered capital. Meanwhile, the US remained the largest export market for Vietnam, whose exports to this country growing by 28 percent in the first five months over the same period of last year.
According to the ADB, Vietnam’s inflation will be at 3.5 percent in 2019 and 3.8 percent in 2020.
In the latest version, the ADB said Vietnam has been the fastest-growing economy in Southeast Asia this year, noting that growth in the first half of 2019 is estimated at 6.8 percent year on year despite agriculture being hobbled by a prolonged drought and African swine fever.
Growth in industry and especially manufacturing remained robust, though moderating from the first half of 2018.
Sustaining growth were strong inflows of foreign direct investment, up by 27 percent in the first five months of 2019 from a year earlier. China overtook the Republic of Korea (RoK) and Singapore to become the largest overseas provider of newly registered capital. Meanwhile, the US remained the largest export market for Vietnam, whose exports to this country growing by 28 percent in the first five months over the same period of last year.
According to the ADB, Vietnam’s inflation will be at 3.5 percent in 2019 and 3.8 percent in 2020.
Source: Vietnamplus.vn
DAILY: Vietnamese pepper prices held steady on February 26
DAILY: Vietnamese coffee prices rose by 600 VND on February 26, 2024
Vietnam - attractive destination for high quality projects
Vietnam to lead world’s asset growth in next decade: Argentinian newspaper
EV market forecast to boom this year
Online payment – race of new technologies
PM orders SOEs to improve production, business efficiency
DAILY: Vietnamese live pig prices remained unchanged on February 23
DAILY: Domestic paddy rice prices dropped sharply on February 23
DAILY: Vietnamese pepper prices rose by 4000 VND on February 23
DAILY: Vietnamese coffee prices remained unchanged on February 23, 2024
Imports and exports in January and forecast for 2024
Domestic, international experts review Vietnam’s 30-year development
What solutions promote export growth to the Philippine market?
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Supporting industry development program in Da Nang city in ...
Implementation plan of Scheme on promoting agricultural, ...
Hanoi harnesses “soft power” of culture in development
Since joining the UNESCO Creative Cities Network in the “Design” category in 2019, Hanoi has organised a multitude of activities relating ..."Happy Tet 2024" to open in Hanoi
Vietnamese literary works served up at Brussels restaurant