Vietnam renewables set for robust expansion: Fitch Solutions
Vietnam is set to face a surge in power demand and consumption over the coming decade, which is likely to outpace capacity growth in the near term, stated Fitch Solutions.
09:39, 2020/39/27Fitch Solutions revises down Vietnam fiscal deficit to 3.6% of GDP
The economy is likely to stage a stronger recovery in Q4 this year, versus 2.6% y-o-y real GDP growth in Q3.
14:25, 2020/25/13Stable outlook expected for Vietnamese dong
While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.
10:02, 2020/02/06Vietnam inflationary pressures predicted to remain weak in 2020 – 2021
Vietnam’s inflation is set to remain below the government’s 4% threshold for most of the year with its average forecast at 3.5%. This should see the central bank keep lending conditions accommodative into 2021.
11:06, 2020/06/01Fitch Solutions cuts Vietnam’s 2020 growth forecast to 2.6% from 3.0%
Fitch Solutions maintains forecast for an 8.2% rebound in 2021, assuming freer international movement of persons.
07:54, 2020/54/14Vietnam natural gas consumption forecast to more than double over next decade
US firms are spearheading the developments of 12 out of the 22 LNG-to-power projects in the pipeline worth a combined US$35.9 billion.
11:05, 2020/05/03Vietnam seafood perfectly well placed to benefit from EVFTA
The fact that Vietnam is already a top trade partner with the EU despite not having an FTA in place highlights the opportunities that the EVFTA will create for Vietnamese seafood producers.
11:33, 2020/33/31Vietnam fiscal deficit widens to US$4.57 billion in 8 months on Covid-19
As of August 15, budget revenue collection reached VND812.2 trillion (US$35.04 billion), equivalent to 53.7% of the year's estimate.
11:25, 2020/25/12Vietnam infrastructure market among most diverse competitive landscapes in SE Asia
Foreign contractors will play an increasingly important role over the next decade, as the new PPP Law signals the government’s intention to attract more private sector investments.
12:26, 2020/26/07Rising disposable incomes augment wine consumption in Vietnam
Since 2010, the average Vietnamese household's disposable income has grown by a compounded annual growth rate of 9.9% in local currency terms, and 7.5% in US dollar terms.