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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.

Focusing on growth model innovation
Business

Focusing on growth model innovation

NDO – Vietnam’s gross domestic product (GDP) increased by 7.46% in the third quarter of 2017, compared to 6.28% growth rate in the second quarter, helping Vietnam’s overall economic output in the

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

HSBC raises economic growth forecast for Vietnam
Business

HSBC raises economic growth forecast for Vietnam

NDO - The Hong Kong and Shanghai Banking Corporation (HSBC) has raised its GDP growth forecast for Vietnam from 6.0% to 6.6%, for the whole 2017, and has predicted a 6.4% growth rate in 2018.

Poor infrastructure, services hamper growth of sea travel
Travel

Poor infrastructure, services hamper growth of sea travel

Vietnam has seen a significant increase in the number of foreign tourists travelling to the country by sea but poor infrastructure and a lack of high-quality services for cruise tourism may hinder

Vietnam’s growth remains resilient in 2017: World Bank
Business

Vietnam’s growth remains resilient in 2017: World Bank

NDO - The World Bank has kept its 2017 growth forecast for Vietnam unchanged, at 6.3%, stating that the economy continues to be driven by export-oriented manufacturing and robust domestic demand.

Creating motivation for sustainable economic growth
Business

Creating motivation for sustainable economic growth

NDO - The impressive gross domestic product (GDP) growth rate of 7.46% in the third quarter of 2017 has opened up the possibility of achieving the economic growth target of 6.7% for the whole of

ADB trims Vietnam’s growth forecast, warns of lending growth risks
Business

ADB trims Vietnam’s growth forecast, warns of lending growth risks

NDO - The Asian Development Bank (ADB) has revised its 2017 growth forecast for Vietnam, decreasing it to 6.3%, and warned of the risks associated with strong credit growth as the government seeks to

Provinces of central Vietnam seeks way to boost economic growth
Business

Provinces of central Vietnam seeks way to boost economic growth

NDO - An economic forum was held on September 25 in Da Nang, bringing together the leaders from nine coastal provinces in central Vietnam to discuss the measures needed to bolster economic growth in

VN posts 11.5% IT revenue growth
Tech

VN posts 11.5% IT revenue growth

Viet Nam’s revenue from information and technology in 2016 reached nearly US$68 billion, posting an 11.49 per cent...

Appropriate growth plan considered for 2018
Business

Appropriate growth plan considered for 2018

NDO – The Ministry of Planning and Investment (MPI) has outlined three scenarios for economic growth in 2018, in preparation for the next year's socio-economic development plan with GDP growth

Boosting banking credit efficiency to achieve economic growth target
Business

Boosting banking credit efficiency to achieve economic growth target

NDO - It is necessary to ensure the quality and efficiency of banking credit in order to attain the Gross Domestic Product (GDP) growth target of 6.7% in 2017, according to economist Vu Dinh Anh.

Consumption of manufacturing and processing sector sees growth
Business

Consumption of manufacturing and processing sector sees growth

NDO - According to the Ministry of Industry and Trade, the consumption of the processing and manufacturing sector continued to grow relatively compared to the same period of 2016.

Vietnam's PM says pace of credit growth should be speeded up
Business

Vietnam's PM says pace of credit growth should be speeded up

The State Bank of Vietnam in February set year's target at 18 percent

South Korea tips fastest growth in three years in 2017
Business

South Korea tips fastest growth in three years in 2017

The forecast for 2017 marks the strongest projected growth of the South Korean economy since GDP expanded by 3.3 percent in 2014.

HSBC lowers 2017 economic growth forecast for Vietnam
Business

HSBC lowers 2017 economic growth forecast for Vietnam

En nexpress - The expected growth rate is now far below the government’s target of 6.7 percent.

Vietnam's telecoms market dials up massive revenue growth
Business

Vietnam's telecoms market dials up massive revenue growth

En nexpress - Operators are planning to roll out nationwide 4G services by the end of this year.

Vietnam cuts lending interest rate to spur economic growth
Business

Vietnam cuts lending interest rate to spur economic growth

En nexpress - Cheaper loans and more oil are the government's answers to catching up with its ambitious growth target for this year.

Vietnam's growth forecast lowered by International Monetary Fund
Business

Vietnam's growth forecast lowered by International Monetary Fund

En nexpress - A previous estimate of 6.5 percent has been slashed to 6.3 percent on the back of an underperforming oil industry.

Vietnam’s economic growth to out-tiger China by 2018: UBS report
Business

Vietnam’s economic growth to out-tiger China by 2018: UBS report

En nexpress - Increased foreign investment is putting Vietnam on the right track to becoming the new Asian tiger.

Vietnam’s growth target slowly slipping away
Business

Vietnam’s growth target slowly slipping away

En nexpress - The country has a lot to do if it wants to hit the government's GPD growth target of 6.7 percent this year.

China, India, Japan hamper Asia oil demand growth, efforts to balance market
Business

China, India, Japan hamper Asia oil demand growth, efforts to balance market

En nexpress - China, India and Japan make up 20 pct of world oil demand.

Vietnam’s planning minister says growth target challenging but attainable
Business

Vietnam’s planning minister says growth target challenging but attainable

En nexpress - Lawmakers continue to question if an economic expansion of 6.7 percent for the year is too ambitious.

Eurozone growth hits 0.6% in first quarter of 2017
Health

Eurozone growth hits 0.6% in first quarter of 2017

Bao moi - BRUSSELS: Growth in the eurozone accelerated in the first quarter of 2017 as the economy brushed off the unknowns of Brexit and fraught elections in France, data showed on Thursday (Jun 8).

Vietnam premier warns of sanctions on officials failing to meet growth targets
Politics

Vietnam premier warns of sanctions on officials failing to meet growth targets

The government says it's determined to hit the economic growth target of 6.7 percent set for this year.