Vietnam reported a trade surplus of nearly $3 billion by mid-February, according to data from the General Department of Vietnam Customs.
Economic growth of Vietnam in 2021 is forecast to rise by 6.5%, higher than the global average of 6%, before climbing to 7.2% in 2022, according to the International Monetary Fund.
Vietnam’s trade surplus in the first three months of 2021 significantly narrowed to $2.02 billion from $2.8 billion in 1Q 2020, according to data from General Statistics Office.
Credit growth as of March 31 is estimated at 2.93% against the end of 2020, higher than 1.3% growth of the same period of 2020, according to the State Bank of Vietnam.
- Vietnam 1Q trade surplus narrows to $2.02 bln vs $2.8 bln 1
- Vietnam credit growth hits 2.93% as of end-March 2
- Vietnam’s Feb. inflation hikes 1.52%, highest in eight years 3
- Southeast Asia's growth leader in 2021 could be Vietnam 4
- Vietnam Jan-Feb FDI inflows fall 15.6% y/y to $5.46 bln 5
- Vietnam’s Jan.-mid-Feb trade surplus hits $3 billion 6
The consumer price index in February increased by 1.52% against the previous month, the biggest increase recorded over the last eight years, according datda released by the General Statistics Office.
Southeast Asia's growth leader in 2021 may be Vietnam. The nation is reportedly targeting a 6.5 percent growth rate this year, according to Nikkei Asia’s article.
Vietnam received $5.46 billion in foreign direct investment in the first two months of the year, down 15.6 percent from a year ago, according to the Ministry of Planning and Investment.
Vietnam's successful handling of Covid-19 has seen it register a positive growth rate, but many challenges to its economic expansion lie ahead.
Vietnam was rated by businesses from Taiwan (China) as having great potential for development prospects, with the country’s importance increasing from 18% in 2018 to 24% by the end of 2020.
Vietnam is witnessing an opportunity to narrow the development gap with other countries and may obtain an economic growth at 6.9 percent this year, according to a forecast from Vietnam Economic Institute.
Vietnam has emerged as an attractive foreign direct investment destination in Asia by beating China and India, according to the Economist Intelligence Unit report.
A government think tank has pegged economic growth at 6.46 percent this year thanks to the country’s success in containing the Covid-19 outbreak and maintaining stability.
The US administration on Friday said Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs.
Vietnam has surpassed Germany to become China's sixth largest trading partner, marking a positive achievement in trade relations between both sides, according to data from the General Administration of Customs of China.
Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, Vietnam News cited latest economic outlook report from Oxford Economics.
Despite lingering headwinds, Vietnam’s GDP is expected to grow 7.6 percent in 2021 thanks to the benefit from numerous FTAs, consistent FDI inflows and a tech-led recovery, according to a HSBC report.