Standard Chartered forecasts 6.8 percent GDP growth for Vietnam
Standard Chartered Vietnam in Ho Chi Minh City on January 17 issued a global economic report, forecasting that Vietnam’s GDP will expand 6.8 percent in 2018.
HCM City (VNA) – Standard Chartered Vietnam in Ho Chi Minh City on January 17 issued a globaleconomic report, forecasting that Vietnam’s GDP will expand 6.8 percent in2018.
Nirukt Sapru, the bank's CEO for Vietnam and ASEAN and South Asia ClusterMarkets, said almost all macro-economic indicators of Vietnam improved in 2017,helping the country minimise risks of market volatility and increase competitivenessin export in comparison with other ASEAN member nations.
Increasing attraction of foreign direct investment (FDI) and the State Bank ofVietnam’s management ability and policies have contributed to building the trustin the business community, the report said.
Vietnam’s manufacturing sector was predicted to reach a double-digit growth in2018 thanks to FDI flows and increasing demand of electronics in global markets.
The bank also forecasted that Vietnam is likely to lure nearly 15 billion USDin FDI this year, mainly in term of electronic production.
The service sector will also be one of the main contributors to the nation’s GDPgrowth, it noted.
According to ChiduNarayanan, economist for Asia at Standard Chartered Bank,Vietnam is benefiting from joining free trade agreements (FTA) in the regionand the world.
He said the young, well-educated workforce and low costs will also help Vietnamattract more FDI in the near future.-VNA
Vietnam’s GDP is expected to grow at 6.6 percent in 2017 following a drought-induced slowdown in 2016, according to Standard Chartered Bank’s Global Research Briefing.
Standard Chartered Bank has affirmed its strong commitment to supporting enterprises from ASEAN member nations in expanding their business in the region and the world, heard a seminar on May 16.
Standard Chartered Bank (SCB) on October 6 increased its forecast for Vietnam’s GDP growth rate for the whole year to 6.8 percent, higher than the Government’s set target of 6.7 percent.
Standard Chartered Bank (Hong Kong) has ended its “12-year marriage” with the Asia Commercial Bank (ACB), offloading its entire holding of more than 154 million shares in the Vietnamese bank.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
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Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
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It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
At an electronic factory in Vietnam (Source: VNA) 
