Year: 2016

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    Vietnam Industry and Trade News Bulletin for January 13, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. GDP Data Discrepancy: GSO Affirms Accuracy Facing public concern over a 300,000 billion VND discrepancy between GDP figures released by the Ministry of Finance (over 4.4 quadrillion VND) and the General Statistics Office (4.1 quadrillion VND), the GSO affirmed its calculation is correct . A GSO official suggested the difference might stem from the Ministry of Finance using a forecast CPI of 2%, whereas the actual CPI was only 0.6%…

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    Vietnam Industry and Trade News Bulletin for January 12, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. The Economist Disagrees with Bloomberg: Vietnam to Grow Slower than Laos and Cambodia While Bloomberg previously forecast Vietnam to have the 2nd fastest growth in the world in 2016, a new report by The Economist Intelligence Unit (EIU) places Vietnam 9th. EIU forecasts Vietnam’s GDP growth at approximately 7% (aligning with the National Assembly’s 6.7% target) . Notably, EIU predicts Vietnam will lag behind regional neighbors: Laos (nearly 8%, ranked…

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    Vietnam Industry and Trade News Bulletin for January 11, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. World Bank: Vietnam’s Economy Could Grow by 10% by 2030 According to the World Bank Group’s “Global Economic Prospects” report, Vietnam’s economy is projected to receive the strongest boost among the 12 TPP member countries, with potential growth of nearly 10% by 2030 . This is largely due to preferential access for Vietnamese textiles and apparel to the US and other key markets. Malaysia is expected to grow by 8%,…

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    Vietnam Industry and Trade News Bulletin for January 8, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. WB Forecast: Vietnam’s Growth Lower than Myanmar, Laos, and Cambodia In its Global Economic Prospects 2016 report released on January 7, the World Bank forecasts Vietnam’s GDP growth at 6.6% for 2016, slowing to 6.3% in 2017 and 6% in 2018 . While this rate is higher than Thailand (2%), Indonesia (5.3%), and the Philippines (6.4%), it lags behind Myanmar (7.8%), Laos (7%), and Cambodia (6.9%) . FDI inflows are…