Singapore has cut its GDP growth forecast for 2025 to 0% to 2% from the 1-3% prediction previously, following preliminary estimates showing an economic contraction in the first quarter.
Amidst escalating global trade tensions, Vietnam’s economy is poised to maintain stable growth in 2025, UOB Vietnam experts said at their recent “global and Vietnam economic outlook 2025” event.
Vietnam has regained its position as the “growth star” of the Association of Southeast Asian Nations (ASEAN), said the Hong Kong-Shanghai Banking Corporation (HSBC) when evaluating Vietnam’s economic development in 2024.
Up to 75.8% of surveyed businesses in the Mekong Delta region forecast that their revenues will increase and 74.1% predict rises in profits, according to Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and Industry’s Mekong Delta office.
Malaysia’s Institute for Democracy and Economic Affairs (IDEAS) on March 6 held a “Malaysia Outlook Conference 2024: Ensuring Stability Delivers” which attracted researchers, scholars, and the media.
With a positive economic outlook, the Ministry of Industry and Trade aims to increase exports by 6% in 2024, running a trade surplus for nine years in a row, estimated at 15 billion USD.
The US website Bloomberg.com has given positive outlook for Vietnam’s economy in 2024, saying that the country’s GDP growth is forecast at 6% for this year, and 6.4% next year.
International organisations and media have continued to make positive assessment of Vietnam’s economic recovery and outlook in the second half of 2023.
Ten groups of occupations are recording a sharp fall in recruitment demand, and the unemployment rate may increase in the time ahead, said recruiting service provider Navigos Group.
Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has forecast that credit growth in Malaysia will ease slightly to 4.3% this year from 4.5% in 2022 due to a weaker economic outlook and higher borrowing costs.
Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale, according to the latest Business Climate Index (BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham) and produced by Decision Lab on April 11.
Thailand’s economic outlook remains positive next year despite global headwinds, economists said at the forum “Thailand Insight 2023: Unlocking the Future” taking place on December 7 in Bangkok.
Vietnam’s GDP growth in 2022 and 2023 will be among the highest in Southeast Asian as shown in many international organisations’ forecasts and assessments on the Vietnamese economic outlook, Minister-Chairman of the Government Office Tran Van Son told a routine government press briefing in Hanoi on October 1.
The overall economic outlook for Thailand this year remains positive, but inflation, global tensions, increasing interest rates and debt continue to pose a threat to the country's growth, Thailand’s National Economic and Social Development Council (NESDC) has said.
Vietnam’s economic growth this year can reach up to 6.9% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a Hanoi workshop organised on July 15 to launch a report on Vietnam’s economy in the first half of 2022.
The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB+” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance.
Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialization and a fast-growing middle-class.
The Vietnamese economy will recover strongly in 2022, starting at the end of the first quarter, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered, at a seminar held in Hanoi on February 18.
