World Bank forecasts Vietnam’s economy to grow by 6.6 pct in 2019

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Saturday, February 22, 2025 3:37:28 PM - Markets closed

VN-INDEX

1,296.75

+3.77/+0.29%

HNX-INDEX

237.57

-0.45/-0.19%

UPCOM-INDEX

100.61

+0.53/+0.53%

World Bank forecasts Vietnam’s economy to grow by 6.6 pct in 2019

vietnamplus.vn - 4/26/2019 1:30:07 PM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

The World Bank predicts Vietnam’s economic growth rate would reach 6.6 percent in 2019 in its Managing Headwinds report released on April 24.

The growth rate will be driven by credit tightening, slower private consumption and weaker external demand.

For the medium term, the growth is projected to stay around 6.5 percent, due to the impact of current cyclical uptick dissipates, the report said, adding that poverty may decline further as labour market conditions remain favourable.

In its report, the World Bank advised Vietnam to stay ready to respond to changes in the global economy and to continue managing its macro-economy actively and carefully.

It forecasts growth in other developing countries in East Asia and the Pacific to soften to 6.0 percent in 2019 and 2020, down from 6.3 percent in 2018.-VNA

Read original article here

Newer News
21/02	Large banks step up foreign capital attraction
19/02	Banks set for aggressive bond issuance in 2025 to fuel growth
17/02	Vietnam to impose VAT on low-value express-imported goods
17/02	Banks' charter capital surges by 15.23% to $33 billion
17/02	VN mulls new property tax to curb speculation
15/02	Bank credit growth in HCM City marginally up in January
14/02	PM directs submitting draft law on bad debt settlement to NA in May
12/02	Exchange rate under pressure, businesses start hedging risk
11/02	Local carmaker wants to extend exemption of registration fees for EVs
11/02	VN’s credit conditions in 2025 expected to be stable

Older News
25/04	Reference exchange rate continues to go up on April 25
24/04	Reference exchange rate up 9 VND on April 24
23/04	Reference exchange rate up 8 VND
22/04	Reference exchange rate opens week down
19/04	Reference exchange rate up 10 VND on April 19
18/04	Reference exchange rate down 3 VND on April 18
17/04	Reference exchange rate adjusted up by 1 VND
16/04	Reference exchange rate down 6 VND
16/04	Bad debt handling to be audited
13/04	Credit growth limited at 15% for best banks in 2019

Newsletter Signup

Top Stories

	Market cautious as liquidity drops significantly
	VCCI recommends mineral mining rights be granted through auction and bidding
	Central bank works to raise interbank rates and ease forex market
	Inflation a concern following salary increases
	National Council for Sustainable Development established