Vietnam’s gross domestic product (GDP) is forecasted to expand 6.82 percent in 2016, according to the macroeconomic report for quarter IV, the whole year of 2015 and the outlook for 2016.
Hanoi (VNA) – Vietnam’s gross domestic product (GDP) is forecasted tꦕo expand 6.82 percent in 2016, according to the macroeconomic report for quarter IV, the who꧙le year of 2015 and the outlook for 2016 announced by the Central Institute for Economic Management (CIEM) on January 28.
CIEM expects export growth to stand at 10.4 percent, trade deficit at 4.1 billion USD and consumer price index (CPI) at 4.37 percent.
According to CIEM Director Nguyen Dinh Cung, the country enters 2016 with numerous upbeat signs such as sustainable economic growth, the speedy recovery of the economy and a new managing system. He said that the economic growth will fine-tune confidence in Vietnam’s investment climate from investors, enterprises and residents.
Cung also underscored that economic reforms and an improvement of the economic environment are significant to enterprises.
Noticing the pressure of interest rates, exchange rates and debt payments as well as inflation risks exerted on the country, the report recommends that Vietnam give a push to deeper reforms of the macro-economy and regulation system in a bid to facilitate production and business operation.
It suggests the country prioritise policies on macroeconomic improvement and renewing its economic institutions. Vietnam needs to simplify administrative procedures and reduce costs while improving technology integrated with sustainable productivity, the report said.-VNA
Vietnam is the country likely to achieve the biggest gross domestic product (GDP) increase in percentage terms by joining the TTP and ASEAN Economic Community in almost all simulation scenarios.
Foreign experts are positive about Vietnam’s reforms and open-door policy, suggesting that the country should seize opportunities to become a major Asian export hub.
While the world’s largest emerging economies such as Russia, Brazil and China falter, Vietnam’s steady economic growth at nearly 7 percent this year will make it among the fastest-growing markets.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative photo. (Photo: VNA)
