GDP

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Vietnam’s economic growth patterns questioned by experts

VietNamNet Bridge - The unexpected jump in the GDP growth rate in the third quarter of the year remains controversial.

Will tourism replace crude oil as a major source of revenue?

VietNamNet Bridge - Tourism and related services make great contributions to economic growth and offset the decline in crude oil output, experts say.

70% of logistics service fees could fall into foreigners’ hands

VietNamNet Bridge - As many as 3,000 Vietnamese logistics firms have to compete fiercely with 29 multinational companies to have the right to carry Vietnamese exports to the world market.

Banks seek foreign partners, consider lifting foreign-ownership cap

Vietnamese commercial banks are planning to sell a stake in their company to foreign investors to attract capital and hasten their restructuring before listing shares on the bourse. 

What will be the driving force for Vietnam’s economic growth in the future?

VietNamNet Bridge - With good GDP growth in the first three quarters of the year, economists have expressed concern about the driving force for economic growth in the years to come and the next stages of development.

Public debt rising rapidly as number of civil servants remains high

VietNamNet Bridge - To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.

Vietnam cautious about economic growth for 2018

VietNamNet Bridge - Though it believes a 6.7 percent GDP growth rate in 2017 is ‘within reach’, the Ministry of Planning & Investment (MPI) has set a 6.5 percent growth rate for 2018.

GDP growth must rely on internal strength: economists

How much do internal resources contribute to the country’s GDP? Economists have raised the question after GSO announced a record-high GDP growth rate of 7.46 percent in the third quarter of the year.

Economy stable, inflation under 4%

The Government reported yesterday to the National Assembly that the macro economy remains stable, inflation is controlled under 4 per cent, and the annual growth target of 6.7 per cent is likely to be achieved. 

6.7 percent GDP growth rate within reach for VN

VietNamNet Bridge - Economists say Vietnam is coming closer to the goal of 6.7 percent GDP growth rate, though the country has not exploited as much coal and oil as planned.

VAT hike expected to bring $3.2 billion more to state budget

Rong Viet Securities estimates that if the new VAT policy is applied from 2019 with the tax rate increasing from 10 percent to 12 percent, the state budget would have VND70 trillion a year more from VAT collections. 

Vietnam economy in H2 relies on three major sectors

 VietNamNet Bridge - The economic performance in the last months of the year is expected to be healthy thanks to improvement in three major sectors – agriculture, industry & construction, and services. 


Rapid credit growth possible, but risky: experts

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7%.

Vietnamese businesses seek higher market share in logistics market

Vietnam now has favorable conditions for logistics services to develop: an e-commerce boom, increased consumption, and shift of production from China to SE Asia.

Exploiting more oil to meet GDP growth rate is risky, experts say

VietNamNet Bridge - Exploiting more crude oil and coal to ensure GDP growth rate of 6.7 percent this year will be a very difficult task, an MPI report says.

FIEs’ ups and downs affect Vietnam’s economic index

VietNamNet Bridge - The Vietnamese economy is so reliant on the foreign-invested economic sector that any  change in foreign invested enterprises (FIEs) can affect the economic indexes.

Vietnamese spending more money on travel

VietNamNet Bridge - The lucrative tourism market is being exploited massively by domestic and foreign travellers through internet-based tools. 

Exploiting 1 million tons of oil not an easy task for PetroVietnam

VietNamNet Bridge - PetroVietnam has been asked to exploit more oil to obtain the targeted growth rate of 6.7 per cent assigned by the government.

Stock market remains in ‘frontier’ index, still not classified as ‘emerging’

Vietnam has not been upgraded to emerging stock market as expected because of the problems relating to the forex market and limited foreign ownership in Vietnamese companies.

VN Index reaches new peaks

VietNamNet Bridge - In the first half of the year, the VN Index exceeded the 700-point and then the 750-point threshold, the highest point since 2009.