Vietnam's GDP is expected to rise by 5.8% in the first six months of 2021 despite the negative impacts from pandemic, according to figures released by the Ministry of Planning and Investment.
Vietnam’s Jan.-June GDP growth was estimated at 5.64%, much higher than the growth rate of 1.82% in the first 6 months of 2020, according to data from the General Statistics Office.
Vietnam's economic growth target has not been changed despite the huge impacts from the COVID-19 pandemic, Prime Minister Pham Minh Chinh told the cabinet during Thursday meeting in Hanoi.
Vietnam’s consumer price index in June increased 0.19 percent against May and 1.62 percent from June 2020, reported the General Statistics Office on Tuesday.
- Vietnam’s State budget expected to rise by 8.3 percent in 2022 1
- Eight-month credit in Hanoi rises 8.3 percent 2
- Vietnam: strong exports carry weight of potential risks 3
- Vietnam’s FDI inflows slightly fall to $19 billion in eight months 4
- Vietnam strives to keep CPI growth low by end of 2021 5
- Exports up 25.5 pct in seven months 6
Singaporean lender United Overseas Bank (UOB) forecast Vietnam’s GDP would grow by 6.7 percent this year.
FDI inflows reached $15.27 billion in the first six months, a 2.6 percent decrease from the same period last year, according to data from the Ministry of Planning and Investment.
Total loans of Vietnam's banking system as of June 15 from end-2020 expanded 5.1 percent, State Bank of Vietnam’s Deputy Governor told local media on Monday morning.
The rising costs of imported raw materials are pushing up prices and threatening to cause inflation amid the ongoing economic recovery.
Ho Chi Minh City, Vietnam's largest city, reported $1.34 billion foreign investment inflow in the first 5 months of 2021, down 16.5% from a year ago, according to the municipal Statistics Office.
Jan.-May disbursed capital of foreign direct investment projectsin Vietnam was estimated at $7.15 billion, up 6.7 percent year-on-year.
Vietnam expects $600 billion in import-export turnover in 2021 since the country posted solid export performance in the first quarter of 2021.
PM Pham Minh Chinh is seeking National Assembly’s approval to allow Ho Chi Minh City to retain 23 percent of its budget revenues, up from 18 percent, to create conditions for development.
Credit institutions in HCMC recorded a credit growth at 3% in the first 4 months of 2021, exceeding growth rate of deposits of 0.65%, according to State Bank of Vietnam, HCMC Branch.
The State budget revenue was estimated at VND543.4 trillion ($23.7 billion) in the first four months of 2021, up 7.3 percent from a year earlier, said the Ministry of Planning and Investment.
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.