Bloomberg: Vietnam to be one of the fastest-growing markets
While the world’s largest emerging economies such as Russia, Brazil and China falter, Vietnam’s steady economic growth at nearly 7 percent this year will make it among the fastest-growing markets.
Hanoi (VNA)෴ – While the world’s largest emerging economies such as Russia, Brazil and China falter, Vietnam’s steady economic growth at nearly 7 percent this year will make it among the fastest-growing markets in the world, Bloomberg said in a recent article.
According to Bloomberg surveys, Vietnam’s economy is expected to expand 6.7 percent this year, the same pace as in 2015.
Rising domestic demand and foreign direct investment are helping the nation cope with global threats like stock sales and currency depreciation.
The State Bank of Vietnam’s current efforts to make the exchange rate more flexible have also contributed to strengthening macro-economic stability and easing pressure on reserves, according to the article.
It also quoted economist Eugenia Victorino from Australia & New Zealand Banking Group Ltd. as saying that Vietnam is positioned to have another stellar year in 2016.
However, the long-term outlook will depend on political changes in the next 12 months, the economist said.
He also forecasted that Vietnam may become one of the fastest growing economies of the region and the world in 2016 and 2017, adding that Vietnam’s rising trade deficit could derail its longterm growth, due to much faster import growth from consumption-related items such as automobiles.-VNA
Vietnam was forecast to reach an economic growth rate of 6.6 percent in 2016 just behind India with 7.4-percent growth, said economists in the survey on the world's worst-performing economies in 2016
Capital from regional neighbours into Vietnam is increasing, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) said.
Foreign experts are positive about Vietnam’s reforms and open-door policy, suggesting that the country should seize opportunities to become a major Asian export hub.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Source: tintuc.vn)
