WB: Vietnam’s economy to grow by 6.8 percent in 2018
Vietnam's economy is forecasted to expand by 6.8 percent in 2018, 6.6 percent in 2019 and 6.5 percent in 2020, according to the World Bank (WB)’s Global Economic Prospects.
A corner of Ho Chi Minh City - the southern economic hub of Vietnam (Photo: VNA)
Hanoi (VNA) – Vietnam's economy isforecast to expand by 6.8 percent in 2018, 6.6 percent in 2019 and 6.5percent in 2020, according to the World Bank (WB)’s Global Economic Prospects.
Earlier in April 2018, the bank forecastedVietnam’s economy to grow by 6.5 percent this year.
According to the bank’s latest report, growth in the East Asia and Pacificregion is expected to remain solid, slowing marginally to 6.3 percent in 2018and to an average of 6.1 percent in 2019-2020.
Conditions are mostly favourable for the regionin 2018, with robust global trade, moderate borrowing costs and sustainedcapital inflows.
Private consumption continues to be supported bysolid consumer confidence and rising household wealth, amid mild inflation.
Regional financial markets have remainedbuoyant, despite volatility in early and mid-2018 related to the prospects ofmonetary policy tightening in advanced economies and escalating trade tensions.
Bond spreads in some countries have increased,following volatility in stock markets, but remain close to low levels of 2017.
Domestic monetary conditions have tightenedsomewhat and prudential policies have kept credit growth in check.-VNA
The quality of Vietnam’s economic growth in 2011-2017 has improved in many aspects with high expansion of gross domestic product (GDP) and increasing labour productivity and incremental capital output ratio (ICOR).
Although May featured a downtrend for Vietnam’s stock market, market capitalisation still rose sharply and the market still has a good outlook in the long term, according to Chairman of the State Securities Commission of Vietnam Tran Van Dung.
Although Vietnam’s economy maintained an uptrend in the first five months of 2018, growth rates in some industries have slowed down, making it difficult for the country to achieve this year’s targets.
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.
A corner of Ho Chi Minh City - the southern economic hub of Vietnam (Photo: VNA) 
