New foreign direct investment (FDI) commitments reflect continued confidence by foreign investors in Viet Nam’s outlook despite global uncertainties, noted the World Bank (WB).
The total export turnover of agriculture, forestry and fisheries of the whole country was estimated at 38.48 billion USD down 5.1% compared to the same period in 2022.
With demand exceeding supply, cold storage real estate in Vietnam is always an attractive market.
Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7 percent for Viet Nam in its latest macro-economic updates about Viet Nam released on October 23.
- Vietnam's 11-month FDI inflows reach $28.85 bln, up 14.8% 1
- Vietnam’s bonds outstanding hits over $108 bln by end of September 2
- Experts predict that Q4's strong economic growth to boost the year's overall performance. 3
- "Golden season" of sales 4
- Walmart wants to turn Vietnam into goods supply center of Asia 5
- Great potential for Vietnamese goods to enter Africa, Middle East 6
The attraction of large FDI inflows is a positive signal about Vietnam’s economic development and international cooperation as well as the country's efforts in improving its position on the global value chain.
Public investment is expected to be an engine for Vietnam’s economic growth in the context that global headwinds may challenge the country’s growth target of 6.5%, according to experts.
The unique beers at Vietnamese craft brewer C-Brewmaster -- where flavors run the gamut from mulberry to coffee and even pho noodles -- used to draw crowds of thirsty customers.
Prime Minister Pham Minh Chinh informed parliamentarians on Monday that the government has set a goal GDP growth rate of 6–6.5 percent for 2024.
IMF maintained forecast for Vietnam’s GDP growth at 4.7% in 2023 but expressed their optimism about the medium-term prospects, with GDP growth predicted to reach 5.8% in 2024 and 6.9% in 2025.
Fitch Solutions recently lowered real GDP growth forecasts for Vietnam to 4.7% for 2023 and 5.5% in 2024 (previously 5.0% and 6.0%, respectively).
Viet Nam appears to be on track for a robust recovery, noted HSBC in its recent report Viet Nam at a glance released on October 12.
Vietnam's trade with the rest of the world reached nearly $500 billion in nine months through September, according to the General Department of Customs.
Vietnam will not be able to materialise its desired economic growth this year because of massive snags which have hurt the nine-month growth.
A top priority among Vietnamese businesses is to diversify their supply sources, as shown in a recent survey by Vietnam Report, a market research company in Vietnam.
Despite headwinds, Vietnam has managed to show strong performance in the first nine months of this year, posting a gross domestic product (GDP) growth of 4.24%.
There is still much to be done in order to develop Vietnam's logistic infrastructure and capacity despite improvement across the sector in recent years.