Vietnam’s economy remains on a steady growth trajectory, with several positive indicators, including a rise in newly established businesses and strong growth in both domestic and foreign investment, according to the General Statistics Office’s report on Vietnam’s socio-economic performance for February and the first two months of 2025.
Indonesia's successful economic performance is largely thanks to the government’s strong macro-economic policy framework, which helps attract investment, World Bank (WB) Director for Indonesia and Timor-Leste Carolyn Turk said on June 24.
The consumer price index (CPI) increased 3.37% in the opening month of 2024, foreign direct investment 40.2%, international arrivals 73.6%, and the Index of Industrial Production (IIP) 18.3%.
Andrea Coppola, World Bank Lead Economist for Vietnam, has described Vietnam in 2023 as resilient, saying that amid the global economic slowdown, the Southeast Asian nation was still able to sustain a rate of growth that many other countries in the rest of the world can only dream about.
In the first 10 months of this year, Vietnam’s average consumer price index (CPI) increased 3.2 percent, foreign direct investment rose 14.7 percent, a trade surplus of 24.61 billion USD was recorded, and international visitors increased 4.2-fold compared to the same period of 2022.
Vietnam’s consumer price index (CPI) rose 3.55 % while its foreign investment and import-export revenue fell 7.3% and 14.7% during January - May, respectively.
Vietnam’s consumer price index (CPI) rose 3.84% year-on-year in the first four months of this year, primarily due to higher prices for education, housing and construction materials, culture, entertainment and tourism, food, and electricity.
Malaysia’s Gross Domestic Product (GDP) growth is likely to exceed the earlier projection of between 6.5 % - 7% in 2022, according to Malaysian Prime Minister Datuk Seri Anwar Ibrahim.
The Singapore-based United Overseas Bank (UOB) has revised up Vietnam’s 2022 GDP growth forecast to 7.0% from 6.5%, assuming no further severe domestic disruptions from COVID-19, and projected growth of around 7.6 – 7.8% in the second half of the year (H2).
In the first two months of this year, Vietnam posted a 5.4 percent growth in the index of industrial production, a 10.2 percent rise in export value and a 11.9 percent rise in the number of newly registered enterprises.
Vietnam's economy will recover quickly, effectively and strongly to return to a trajectory of sustainable development in 2022, said Deputy Minister of Planning and Investment Tran Quoc Phuong.
Sixty-seven years ago, the capital city of Hanoi was liberated from the French colonial rule on October 10. So this month has a special meaning to the Hanoians and is always a time for the city to look back at what it has done in the past and embrace the future.
The AXA Investment Managers Asia headquartered in Singapore recently published an article which elucidates the reasons behind Vietnam’s high ranking on economic performance and discusses the prospects for broadening the country’s position in the regional and global production ecosystems.
Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Vietnam, which emphasised that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic.
The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72 percent and an average consumer price index (CPI) of 4.2 percent under an optimistic scenario.
Despite a worldwide economy hit hard by the COVID-19 pandemic, the banking sector has still enjoyed a good first half of the year and are on course to meet targets.
The 22nd ASEAN Finance Ministers’ Meeting took place in Singapore on April 4. On the occasion, Jayant Menon from the Asian Development Bank, wrote an article assessing ASEAN’s economic performance.
