Vietnam forecast to grow 6.8 pct this year: UN survey
Vietnam is forecast to grow 6.8 percent in 2016 and 6.9 percent in 2017, according to a survey released by the United Nations Economic and Social Commission for Asia and the Pacific on April 28.
Hanoi (VNA) – Vietnam is forecast to grow 6.8 percent in 2016 and 6.9 percent in 2017, according to the Economic and Sღocial Surve𝓰y of Asia and the Pacific, released by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on April 28.
The survey predicted that the Trans-Pacific Partnership and the free trade agreement between Vietnam and the European Union will make it easier for Vietnam to attract investment, expand markets and improve its export capability.
In his report, deputy head of the Central Institute of Economic Management’s Macro-economic Policy Department Nguyen Anh Duong urged Vietnam to persevere with reform and labour productivity improvement, including loosening requirements on market access and businesses’ rights to asset ownership.
He also called for attention to renovating approaches to education-training and science and technology reform, in combination with promoting connectivity between domestic and foreign enterprises.
Evaluating regional economic prospects, the survey rated it generally stable with an economic growth of 4.8 percent and 5 percent in 2016 and 2017.
It suggested regional countries improve labour productivity and salary, business climate and infrastructure, while accelerating regional cooperation in science and technology application.-VNA
Vietnam’s gross domestic product (GDP) growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks.
Some foreign economic and financial organisations have maintained an optimistic outlook for Vietnam’s economy in 2016, in spite of the recent slower than expected GDP expansion.
Vietnam is forecast to grow 6.5 percent or less in 2016, depending on economic restructuring progress, said Truong Dinh Tuyen, a former trade minister.
Prime Minister Nguyen Xuan Phuc has urged the Ministry of Planning and Investment (MPI) and other ministries and agencies to promptly reach consensus on solutions to the lingering problems.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
A corner of Vietnam (Source: VNA)
