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Vietnam targets spending deficit at 3.7% of GDP in 2018
Business

Vietnam targets spending deficit at 3.7% of GDP in 2018

NDO - The National Assembly of Vietnam has approved the budget for 2018 which aims for the expenditure deficit at VND204 trillion (US$9 billion), equivalent 3.7% of gross domestic product.

Tourism makes up low proportion of Vietnam's GDP
Travel

Tourism makes up low proportion of Vietnam's GDP

While in many countries tourism contributes remarkably to the economy, it makes up less than seven percent of Vietnam’s GDP. The figure is modest compared to the country’s potential.

Government projects GDP growth of 6.7% in 2017
Business

Government projects GDP growth of 6.7% in 2017

NDO/VNA – The Government has projected a GDP growth rate of 6.7% in 2017 in a report submitted to the National Assembly Standing Committee during the Committee’s 15th session in Hanoi, on October 12.

Standard Chartered Bank raises GDP forecast
Business

Standard Chartered Bank raises GDP forecast

NDO/VNA – Standard Chartered Bank (SCB) has increased its forecast for Vietnam’s GDP growth rate for the whole year to 6.8%, higher than the Government’s set target of 6.7%.

National financial commission sets 2017 projected GDP growth at over 6.7%
Business

National financial commission sets 2017 projected GDP growth at over 6.7%

NDO – The growth rate for the fourth quarter of this year will be around 7.5-7.7% and the GDP for the whole year of 2017 may reach over 6.7%, the National Financial Supervisory Commission (NFSC) has

Vietnam’s economy accelerates in third quarter as GDP expands 7.46%
Business

Vietnam’s economy accelerates in third quarter as GDP expands 7.46%

NDO - The Vietnamese economy accelerated in the July to September period, expanding by 7.46%, helped by strong grow in the manufacturing sector, the General Statistics Office (GSO) has announced.

State budget revenues decline compared to GDP: finance minister
Business

State budget revenues decline compared to GDP: finance minister

NDO – Budget revenue over GDP has fallen from 26.3% during the 2006-2010 period to 23.6% of GDP between 2011 and 2016, Finance Minister Dinh Tien Dung has confirmed.

Economists, gov't differ on whether GDP growth rate is attainable
Business

Economists, gov't differ on whether GDP growth rate is attainable

Vietnamnet - The government still insists on a 6.7 percent GDP growth rate target this year, though economists warn it will be out of reach.

Vietnam eyes tough road to fulfil 2017’s GDP growth target
Business

Vietnam eyes tough road to fulfil 2017’s GDP growth target

Vietnamnet - Vietnam is facing tough challenges to fulfil its economic growth target for this year amidst the country is experiencing trade deficit and depending on foreign direct investment sector,

Asia-Pacific expected to contribute 70% of global GDP by 2050
Business

Asia-Pacific expected to contribute 70% of global GDP by 2050

Vietnamnet - The Asia-Pacific region is expected to contribute 70 percent of the global GDP by 2050 and now 10 out of the 20 largest economies are from the region, said a high-ranking Vietnamese

Low worker productivity weakens GDP growth in Vietnam
Business

Low worker productivity weakens GDP growth in Vietnam

Vietnamnet - During the past three decades, the Vietnam economy has benefited from a transition away from agriculture toward manufacturing and services, and a demographic powered by a youthful

Vietnam's public debt ceiling set at 65% of GDP for 2016-2018
Business

Vietnam's public debt ceiling set at 65% of GDP for 2016-2018

Vietnamnet - Vietnam is targeting keeping public debt, comprising central government debt, government-backed loans, and local government debt, below 65 percent of GDP between 2016 and 2018.

Is GDP an important index to measure economic development?
Business

Is GDP an important index to measure economic development?

Vietnamnet - GDP is usually considered an important factor that shows the health of the economy in Vietnam.

Vietnam’s GDP still relies on price of oil
Business

Vietnam’s GDP still relies on price of oil

Vietnamnet - Exploiting one more million tons of oil for sale to obtain higher GDP shows that the national economy still cannot gain substantial reform.

Stock market capitalization at 51% of GDP
Business

Stock market capitalization at 51% of GDP

Vietnamnet - Vietnam’s securities market capitalization has reached nearly VND2.2 trillion ($101 billion), an increase of 18 per cent compared to the end of 2016 and equivalent to 51 per cent of

Pressure builds up on Vietnamese economy over slow GDP growth
Health

Pressure builds up on Vietnamese economy over slow GDP growth

Bao moi - With Vietnam’s economy slowing down in the first quarter, the government has requested that state-run corporations and associations pull out all the stops to help the country achieve the

Vietnam's Q2 GDP growth forecast: 5.6%
Business

Vietnam's Q2 GDP growth forecast: 5.6%

Vietnamnet - Viet Nam’s GDP in the second quarter of this year is forecast to expand 5.6 per cent or 6.27 per cent, depending on two scenarios, expert said.

Vietnam's GDP forecast to expand 5.6% in Q2
Business

Vietnam's GDP forecast to expand 5.6% in Q2

Vietnamnet - Vietnam’s GDP in the second quarter of this year is forecast to expand some 5.6 per cent, higher than the 5.1 per cent rate in Q1.

GDP expands 5.1% in first quarter, fueled by service sector
Health

GDP expands 5.1% in first quarter, fueled by service sector

Bao moi - VGP - Viet Nam’s economy expanded 5.1% in the first quarter compared to 5.46% of the same period last year, official statistics showed.

Public debt growth due to missed GDP target
Business

Public debt growth due to missed GDP target

Vietnamnet - The main reason for the rapid rise of Viet Nam’s public debt is the failure to achieve the targeted economic growth rate and the resulting tax collection shortfall, Finance Minister

Logistics sector set to contribute 8-10 pct to GDP by 2025
Business

Logistics sector set to contribute 8-10 pct to GDP by 2025

Vietnamnet - Vietnam’s logistics sector aims to contribute 8-10 percent to gross domestic product (GDP) by 2025, heard a conference hosted by the Ministry of Industry and Trade (MoIT) in Hanoi on

Logistics expected to make up 8-10 percent of Vietnam’s GDP by 2025
Business

Logistics expected to make up 8-10 percent of Vietnam’s GDP by 2025

Vietnamnet - Vietnam’s logistics sector is expected to make up 8–10 percent of the country’s gross domestic product (GDP) by 2025.

BMI View: Vietnam GDP to continue growth
Business

BMI View: Vietnam GDP to continue growth

Vietnamnet - Vietnam has been outperforming and it looks like it will continue to do so.

Philippines GDP grows 6.6 pct in Oct-Dec, 6.8 pct for year
World

Philippines GDP grows 6.6 pct in Oct-Dec, 6.8 pct for year

Yahoo News MANILA, Philippines (AP) — The Philippine economy expanded at a brisk 6.8 percent annual rate in 2016, Economic Planning Secretary Ernesto Pernia said Thursday. But the country is

Standard Chartered Bank: GDP may achieve 6.6% in 2017
Health

Standard Chartered Bank: GDP may achieve 6.6% in 2017

Bao moi - VGP - Standard Chartered Bank has forecasted that the Vietnamese economy may expand 6.6% in 2017 compared to the Government’s target of 6.7%.