economy

The index–known more commonly as the PCI–assesses the competitiveness of Vietnam’s 63 provinces and self-managed cities. Northern Vietnam’s Quang Ninh province came out on top with a total score of 71.59 followed by Dong Thap and Long An with 71.14 and 70.78, respectively. PCI 2023, highest to lowest Province Score

The US Department of Commerce has held a hearing into Vietnam’s application to have its non-market economy status revoked, Reuters is reporting. Reuters notes that opponents of the change cited the volume of investment and input goods from China that are powering Vietnam’s growing export-orientated economy, suggesting Vietnam was being

Worth a read simply for the title, this Bloomberg opinion column essentially discusses the integration of the economies of southern China and northern Vietnam as Chinese firms look to circumvent US trade barriers. Specifically, she cites the infrastructure connection between the border, key manufacturing hubs in the north, and the

Vietnamese are depositing less money in bank accounts in search of higher returns elsewhere and this is putting pressure on banks to raise deposit interest rates, VN Express is reporting. Notably, concerns have also been raised that this may put upward pressure on lending interest rates which could be problematic

Vietnam’s General Statistics Office has released its consumer price index data from April finding a 4.33  percent increase compared to April of last year. The biggest increases were in education, other goods and services, and housing and construction materials. Vietnam’s Consumer Price Index summary, April 2024 M-O-M Y-O-Y Food and

Vinacapital has released an ‘Economist’s Note’ detailing challenges facing Vietnam’s gold market and exchange rate. It identifies the two key issues facing the dong as the stronger US dollar and the high local gold price. On the latter, it says this is increasing gold smuggling which is increasing demand for

Fitch Solutions has said it is expecting a cut to interest rates in Vietnam this year, according to an article published on its website. It reaches this conclusion based on the belief that the 6 to 6.5 percent target for GDP growth for the year is unlikely and that inflation

Vuong Dinh Hue, the Chairman of the National Assembly has resigned after barely two years at the post, VN Express is reporting. The reasons put forward are vague, as they often are, however, it is likely connected with the arrest of his assistant, Pham Thai Ha, on charges of ‘abusing

Standard Chartered has said it expects Vietnam’s GDP growth to be around 6 percent in 2024 down from an earlier forecast of 6.7 percent, VN Express is reporting. Notably, the target of 6.7 percent was quite high relatively speaking–Vietnam’s National Assembly, which has a tendency to be overly optimistic, had

The World Bank’s April Taking Stock Report is forecasting GDP growth for Vietnam of 5.5 percent. Whereas the publication mostly rehashes the standard reasons why it expects GDP growth to improve–more demand overseas and stronger FDI it also offers a chapter on entrepreneurship and startups. 

The International Monetary Fund has released its World Economic Outlook April 2024 which estimates Vietnam’s GDP growth for this year to be 5.8 percent. The IMF also bumped Vietnam up from its Low-Income Developing Countries group and added it to its Emerging Market and Middle-Income Economies group.

It’s unusual to have commentary in the local media whereby a Vietnamese expert tells it straight up. This article in The Leader, however, covers comments by Associate Professor, Tran Dinh Thien, former Director of the Vietnam Institute of Economics, where he does just that. Specifically, he points out that local

The local arm of Malaysia’s Maybank, is predicting GDP growth for Vietnam of 5.8 percent in 2023, The Investor is reporting. The financial firm says that pressure on the dong is coming from the local gold price being out of step with the world gold price and that this should

The Asian Development Bank is forecasting GDP growth this year of 6 percent for Vietnam, the equal highest with the Philippines in Southeast Asia. Full report: Asian Development Outlook April 2024  GDP Growth Southeast Asia, ADB April 2024 2022 2023 2024 2025 Southeast Asia 5.7 4.1 4.6 4.7 Brunei Darussalam