#GDP

The country's economic growth this year is projected to reach below 6%, according to Dr. Nguyen Quoc Viet, vice director of the Vietnam Institute for Economic and Policy Research (VEPR).

Vietnam’s gross domestic product (GDP) size last year was estimated to stand at about US$433.3 billion, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, and the growth nears the 13-year lowest level, according to the General Statistics Office (GSO).

PSNews - GDP per capita was estimated at 95.6 million VND (4,110 USD), up 393 USD from 2021 while labour productivity was at 188.1 million VND (8,083 USD)/labourer, marking a year-on-year rise of 622 USD year on year.

Vietnam’s gross domestic product (GDP) in ASEAN is expected to expand considerably over the next five years, with its rankings rising from sixth this year to third by 2027, according to the latest forecast made by the International Monetary Fund (IMF).

The International Monetary Fund (IMF) has predicted that with the country’s ongoing strong economic recovery, the Vietnamese economy is likely to reach real GDP growth rates of 6% this year before rising to 7.2% in 2023.

The nation continues to be "named" in the list of major global production facilities, with six-month export turnover reaching US$185.94 billion, marking a year-on-year rise of 17.3% and a trade surplus of more than US$ 700 million.

PSNews - The World Bank and Standard Chartered Bank forecast Vietnam’s recovery will accelerate markedly in 2022, with GDP growing by 5.5 percent to 6.7 percent. According to international economists, this forecast is considered a possible mission. However, the growth also depends on the evolution of the pandemic.

Vietnam’s economy is projected to grow by between 6% and 6.5% next year, Prime Minister Pham Minh Chinh unveiled the Government’s target at the ongoing session of the National Assembly in Hanoi on October 20.

Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5% to 7% from 2022 onward, the World Bank has forecast.

Vietnam’s GDP growth rate is unlikely to achieve the target of between 6% and 6.3% set for this year due to the impact of the fourth wave of COVID-19 infections across the country, according to industry insiders.

Vietnam’s garment-textile export turnover hit nearly US$19 billion in the first six months of 2021, up more than 20% year-on-year.

PSNews - Recently, the Ministry of Planning and Investment (MoPI) has announed the Vietnam's economic data of the first half of 2021 as well as devised two growth scenarios for the second half of 2021. 

Despite the complexity of the fourth COVID-19 wave, Vietnam’s GDP growth is forecast to exceed 6.5 percent this year on the back of surging industrial production and global economic recovery, according to Assoc. Prof. and PhD Dinh Trong Thinh, a senior economist from the Academy of Finance.

 Vietnam’s imports during the first 15 days of April recorded a sharp increase, with the country racking up a trade deficit of up to US$1.31 billion, according to data revealed by the General Department of Vietnam Customs.

Vietnamese GDP growth is anticipated to expand 7.1% this year, to be driven by strong exports and foreign investment attraction, according to the Quarterly Global Outlook 2021 recently released by the United Oversea Bank (UOB).

Vietnam has achieved a GDP growth rate of 2.91%, an impressive figure despite the impact of the novel coronavirus pandemic, said the General Statistics Office (GSO) at a press briefing in Hanoi on December 27.

Vietnam’s Gross Domestic Product (GDP) is projected to grow 6.7% by 2021 and will continue to rank among the leading economies in the Asia-Pacific region in terms of having the highest growth rate, according to the recently published World Economic Outlook by the International Monetary Fund (IMF).