WB keeps Vietnam’s GDP growth at 5.6% in 2015
The World Bank (WB) has forecast that Vietnam’s economy will grow 5.6% in 2015, the same level as last year.
According to the bank’s report “Global Economic Prospects 2015” released on January 13, Vietnam’s gross domestic product (GDP) growth will further improve in the next two years, reaching 5.8% in 2016 and 6% one year later.Vietnam’s economy may grow stronger in the years to come thanks to recent political-economic reforms and sharply increasing foreign direct investment (FDI) flows, said the report.
“In Vietnam, although macroeconomic stability is solidifying, banking sector balance sheets need to be strengthened to improve access to credit,” the WB said, adding that regulatory reform is also needed to level the playing field for private businesses – especially domestic ones – in relation to state-owned enterprises.
The WB report also indicated that the Asia-Pacific growth is expected to ease slightly to 6.7% in 2015 from 6.9% in 2014 and remain stable over the projected period.
In the Southeast Asian region, some economies such as Cambodia, Myanmar and Malaysia are forecast to grow slower than 2014.
Meanwhile, the Philippines, Indonesia and Thailand will see remarkable economic growth in the next two years after a series of political and economic fluctuations last year.
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
14:39, 2025/01/04
Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
16:31, 2025/01/02
Vietnam stock market aims for emerging status by 2025: Finance minister
By the end of 2024, the benchmark VN-Index reached 1,266.78 points, up 12.11% from 2023.
15:33, 2025/01/02
Vietnam set to extend VAT cut for six months
This measure is expected to accelerate the recovery of production and business activities, which will ultimately benefit the state budget and the economy as a whole.
21:29, 2024/12/31
Vietnam’s credit growth projected to expand by 16% in 2025
Growth must put operational safety first, and channel credit to productive business sectors, priority areas, and growth-driving industries.
- Regional, international financial centers mean boosters to Vietnamese economy: Deputy PM
- IFC sets record with US$1.6 in climate financing to support Vietnam’s green transition
- Vietnam's credit growth up 10% in 10 months
- Building Hanoi's smart city with smart banking
- Vietnam stock market clears major legal hurdle to potential upgrade
- Cashless parking in Hanoi: Good model fuels smart transport