economic growth

Bureaucratic red tape stifles Vietnam's economic growth

Complex, time-consuming administrative procedures have caused many businesses to miss out on valuable opportunities or suffer from stalled projects, burdened by daily interest payments that erode their financial strength.

Society – Economy

VNDirect projects Vietnamese economic growth to hit 6.9% this year
VNDirect Securities Corporation has raised its forecast for Vietnam’s GDP growth this year to 6.9% from the previous projection of 6.7%, according to the group's latest report.
IMF projects Vietnam's economic growth to hit 6.1% in 2025
According to the updated World Economic Outlook 2025 report by the International Monetary Fund (IMF), Vietnam's economy is projected to grow by 6.1% next year.

Vietnam posts 7.4 percent GDP growth in Q3
Vietnam's gross domestic product (GDP) expanded by about 7.4 percent in the third quarter and 6.82 percent during the first nine months of 2024 compared to the respective periods of last year, said the General Statistics Office (GSO) on October 6.
IMF forecasts Vietnam's economic growth to reach 6.1 % in 2024
Vietnam's economic growth is projected to recover to 6.1% in 2024, supported by continued strong external demand, resilient foreign direct investment and accommodative policies, according to the latest report released by the International Monetary Fund (IMF).
UOB revises Vietnamese economic growth downward to 5.9% this year
Singapore-based United Overseas Bank (UOB) has downgraded Vietnam’s economic growth rate to 5.9% this year due to the impact of recent typhoon Yagi, according to the bank’s latest report on the economic situation in the third quarter of the year.
Ministry outlines two economic growth scenarios for 2025
The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.

Super typhoon Yagi caused Việt Nam US$1.6 billion in damages
The country's GDP growth in the third quarter may suffer a decrease of 0.35 per cent, and by 0.22 per cent in the fourth quarter. For the entire year, GDP could decline by 0.15 per cent compared to the earlier growth scenario of 6.8-7 per cent.
Maintaining development pace crucial to complete economic growth goals: Experts
In order to meet the goal of 7% economic growth rate this year, experts held that it is necessary to maintain current development pace and even accelerate it.
HCMC introduces interest rate subsidies for priority projects
SGGP Newspaper has conducted an interview with Deputy Director Nguyen Quang Thanh of HFIC about the interest rate support scheme for priority projects since this August.
Positive economic growth recorded in seven months
Many bright spots were seen in the economic panorama in the first seven months of this year thanks to the Government’s continuous efforts to perfect the institution, remove difficulties for businesses, and promote economic growth.
Vietnam’s H1 economic growth quite impressive: ADB Country Director
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 percent in the first half of this year.
Cultural industries to contribute significantly to economic growth
The National Target Programme for Cultural Development for the 2025-2035 period aims to develop culture into an intrinsic strength of the economy.
Cultural industries to contribute significantly to economic growth
Cultural industries, still having much room to develop and contribute more to the national economy, are being considered an important resource to be maximised to boost the GDP growth.
UOB remains positive on Vietnam's economic growth prospects
The recovery of external and domestic demand, as well as the manufacturing sector, have supported the Vietnamese economy to grow stronger than expected in the first half of 2024.
Central institute forecasts Vietnam’s economic growth at 6.55-6.95 percent
Vietnam’s economy will expand by 6.55-6.95 percent this year, according to a July 9 report by the Central Institute for Economic Management (CIEM).
VN's economic growth may slow in H2, but outlook remains positive: UOB report
Vietnam's economic growth might decelerate in the second half compared to that in the first half, with several supportive factors expected to sustain the overall growth outlook, according to the a report released by the Singaporean-based United Overseas Bank (UOB)'s Global Economics & Market Research Unit on July 2.
HCM City spares no efforts to further promote economic growth
The first half of this year saw the economic growth of Vietnam and Ho Chi Minh City recovering despite being affected by difficulties, risks of instability in the global economy and challenges in terms of capital, consumption markets, policies that has impacted businesses’ operations.
Regional connectivity levers economic growth
Regional connectivity is seen as a key to bolster growth as well as create breakthroughs for the socio-economic development in localities and the country as a whole, according to insiders.
Sanguine economic growth prospects ahead due to export recovery
The rebound in consumption demand in many countries globally indicates positive signs ahead for Vietnamese exports, contributing to accelerating Vietnamese economic growth at about 6% this year, according to insiders.

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