January 6, 2021. Vietnam GDP growth among world's highest in 2020: GSO. After annual GDP growth rates of about 7% over the past five years, economic growth is expected to slow down to 2.3% in 2020.
Vietnam is estimated to gain a GDP growth of 3.82% in the first quarter of this year, the lowest in the 2011-2020 period, the country's General Statistics Office announced last Friday. Q4's reading marked the strongest growth since Q4 2019 as the economy seemingly continued to emerge from the inhibiting shackles of the Covid-19 pandemic. facts. Profit from additional features by authenticating your Admin account. The 2020 forecast is likely to be revised down in the subsequent Consensus Forecast in light of the Q1 GDP figures. With positive results in 2019, Việt Nam’s economy is expected to maintain good growth in 2020. After a long period of seeing expansion below 7 per cent, Việt Nam’s GDP grew 7.02 per cent in 2019, higher than the target set by the National Assembly and the second year economic growth has surpassed 7 per cent. Vietnam’s GDP in 2020 grows at an impressive pace of 2.91%, the lowest in a decade but among the world’s highest, the General Statistics Office (GSO) has announced. Projections by IMF. You can only download this statistic as a Premium user. This statistic is not included in your account. Bui Duc Hai, Nguyen Van Hong and
Data released by the General Statistics Office (GSO) estimated a 1.81 percent growth to Vietnam’s GDP in the first half of 2020. This was the slowest GDP growth rate since the series began in 2000, hampered by the coronavirus pandemic and weaker global demand. Small open economies, such as […] Vietnam now look to be the most vulnerable.” Panelists currently see GDP expanding 5.2% in 2020, which is down 1.3 percentage points from last month’s forecast, and 7.0% in 2021. However, despite this decrease, Vietnams is one of the few economies in the world that is not facing a contraction this year. Subscribe now and receive the latest news and updates! Statista. New, Figures and insights about the advertising and media world, Industry Outlook Key View. HCMC - Vietnam is projected to obtain an estimated gross domestic product (GDP) growth rate of 2.91% for 2020, the lowest in the 2011-2020 period but among the … Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. SLOOINP; ISSN No. Estimates by world bank since 1961. International reg: Registered as a newspaper at the Post Office, London, Serial No. “For now, economic recovery and seizing opportunities for economic development should be given priority. The International Monetary Fund pointed out that Vietnam’s GDP exceeded $340 billion, placing among the 40 largest economies in the world. (January 6, 2021). New, Everything you need to know about the industry development, Find studies from all around the internet. Data from IMF here and here. The rate is already the highest the IMF has predicted for any Southeast Asian country this year, with the COVID-19 pandemic wreaking economic havoc around the world and threatening to drive the global economy … Generally, in 2020, Vietnam's GDP grew by 2.91%. In the most optimistic scenario, annual growth will be 4.2%. Managing Editor: Nguyen Chi Mai, Vietnam Investment Review under the Ministry of Planning and Investment
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Ngoc Thuy. The prime minister said that economic growth no longer depended on any single economic sector. The International Monetary Fund (IMF) has revised down its forecast for Vietnam’s GDP growth to 1.6% in 2020 from a previous estimate of 2.7% in June. Poverty is expected to decline further, as labor market conditions remain favorable. and over 1 Mio. According to the International Monetary Fund (IMF), the World Bank (WB) and many world economic organizations, Vietnam’s GDP in 2020 is expected to have the highest growth rate in the world. GDP Growth and GDP per capita Growth of Vietnam. ADB forecasts Vietnam GDP growth at 2.3 per cent in 2020 AstraZeneca jab clots link plausible but unconfirmed: WHO experts UK businesses not sold on vaccine passport idea Notably, the IMF predicted the Philippines to have the biggest GDP decline this year among its regional peers, with a contraction of 8.3%, compared to a 3.6% decline projected in June. 2.7% real GDP growth for Vietnam is … “In 2020 alone, with the pandemic overruning many countries, the Vietnamese economy still maintained positive growth.”. tinnhanhchungkhoan.vn |
In the second scenario, if the pandemicis prolonged and only completely controlled in the second half of the third quarter of 2020, the annual GDP growth will be 1.5%. The economy could be subject to a strong rebound of 7% GDP growth rate in 2021. As soon as this statistic is updated, you will immediately be notified via e-mail. Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction. World Bank national accounts data, and OECD National Accounts data files. Vietnams growth is projected to moderate to 6.6 percent in 2019, driven by credit tightening, slower private consumption and weaker external demand. Whether state-owned enterprises or foreign-invested companies, the role of the private sector is growing into an important motivation for the country stipulated in Resolution No.10/NQ-TW. timeoutvietnam.vn
2021 is forecast to be a tough year and the premier reminded that economic recovery and developing production and pandemic prevention should remain the leading mission. Growth of the gross domestic product (GDP) in Vietnam in 2020, by quarter [Graph]. It is necessary to map out a specific itinerary to adapt to the new normal,” said Phan Ngoc Tho, Chairman of Thua Thien-Hue People’s Committee. Chart. Are you interested in testing our corporate solutions? In, Vietnam Investment Review. Please do not hesitate to contact me. ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships).
The International Monetary Fund has revised upward its forecast for Vietnam’s 2020 GDP growth by 0.8 percentage points to 2.4 percent. “Vietnam has generated more than $1.2 trillion in GDP within the recent five years,” said Prime Minister Nguyen Xuan Phuc while chairing the government meeting with local authorities on December 28 and 29. This is the lowest growth in the period 2011-2020. Vietnam had an average GDP growth of 7.1% a year from 2000 to 2004. HANOI, Sept 4 (Reuters) - Vietnam is targeting a gross domestic product growth of 2.0%-2.5% this year and 6.7% next year, the government said on Friday. With this, the country has surpassed the regional powerhouses of Singapore and Malaysia.
Please contact us to get started with full access to dossiers, forecasts, studies and international data. Meanwhile, the World Bank listed Vietnam in the top 10 highest growing countries. Vietnam's economic growth fell to its slowest pace in at least 30 years in the second quarter due to the impact of the coronavirus pandemic, putting the government's 2020 … Advertisement |
The ideal entry-level account for individual users. Register in seconds and access exclusive features. Vietnam records an economic growth of 2.91% - an impressive achievement amid gloomy global forecasts. IMF includes the 2021 forecast as well but given the uncertainty around COVID 19, I choose not to include the numbers here. As plenty of economies are hit hard by COVID-19, Vietnam has come out on top with the GDP growth rate of nearly 3 per cent, listed among the top 10 economies with the highest growth. March 27, 2020, 2:28 AM EDT Economy expanded 3.82% from year ago, statistics office says Economists surveyed forecast first-quarter GDP growth of 5.1% You need a Single Account for unlimited access. Workers produce masks at a garment factory in the southern province of Long An in February 2020. Therefore, it is necessary to develop new standards for growth such as jobs and income. You only have access to basic statistics.
Vietnam gdp growth rate for 2019 was 7.02%, a 0.06% decline from 2018. The government estimated that GDP grew in 2006 by 8.17%. We at Fitch Solutions maintain our 2020 real GDP growth forecast for Vietnam at 6.8%. Learn more about how Statista can support your business. Real GDP growth eased to 7.0% y-o-y in Q419, from an upwardly revised 7.5% y-o-y in Q319, due mainly to an easing of growth in the industrial sector. 1021-318X
Vietnam's gross domestic product expanded by 0.36 percent year-on-year in the second quarter of 2020, following a 3.83 percent growth in the previous period, the preliminary estimate showed. GDP Annual Growth Rate in Vietnam averaged 6.38 percent from 2000 until 2020, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 0.36 percent in the second quarter of 2020. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Deputy Editors-in-Chief:
"Growth of The Gross Domestic Product (Gdp) in Vietnam in 2020, by Quarter . Photo by VnExpress/Quynh Tran. Then you can access your favorite statistics via the star in the header. According to the Minister of Planning and Investment, the government targeted a GDP growth of around 8.5% in 2007.
Despite being modest, these rates are encouraging considering that Vietnam is one of few countries that achieved positive growth during the pandemic. Contrary to the world’s gloomy economic picture, our country’s economy continued to achieve positive growth when GDP in 9 months of 2020 increased by 2.12%, of which the first quarter went up by 3.68%; the second quarter increased by 0.39% and the third quarter rose by 2.62%. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, COVID-19 deaths worldwide as of April 8, 2021, by country, COVID-19 cases worldwide as of April 8, 2021, by country, Coronavirus (COVID-19) new cases in Poland 2020-2021, by region, Number of coronavirus (COVID-19) cases in Europe 2021, by country. The GDP growth rate started to recover in the next quarters, resulting in an overall GDP growth rate of 2.91 percent in 2020. Notably, this organization forecasted Vietnam's economic growth to be negative in the worst scenario.
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