Saturday, November 28, 2020 12:03:27 PM - Markets closed
VN-INDEX 1,010.22 +4.25/+0.42%
HNX-INDEX 148.17 -0.23/-0.15%
UPCOM-INDEX 66.79 +0.29/+0.44%
Economic growth likely to hit 2.6-2.8%
Vietnam+ - 10/22/2020 2:02:04 PM
 (0 ratings. You must sign in to rate.)
Following the gloomy picture of Vietnam’s economy in the second quarter of the year, when economic growth hit just 0.39%, the third quarter was a much rosier, with growth reaching 2.62%.
 
While challenges remain in manufacturing, retail gradually improved in the quarter, investment from State-owned enterprises increased significantly, the trade surplus stood at 10.7 billion USD, and inflation was kept under control.
 
According to experts, the economic prospects for 2020 will be largely determined by the circumstances surrounding COVID-19 not only in Vietnam but globally, together with the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) and the disbursement of public investment.
 
The country has introduced preferential policies for foreign investors in order to take advantage of the global trend towards shifting investment flows. That, along with stable macroeconomic conditions, has created significant momentum for economic growth in 2021 and subsequent years.
 
The Vietnam Institute for Economic and Policy Research announced two growth scenarios for this year. The brighter one forecasts growth of 2.6 to 2.8%, while the other forecasts 1.8 to 2%./.
VNA
 
Read original article here
 
Newer News
18/11 Việt Nam needs solutions promoting sustainable seafood exports to the EU: experts
16/11 ASEAN Plus Three countries promote inter-bank cooperation
11/11 Innovation should be stepped up to achieve high economic growth: experts
04/11 Growth target of 6 percent for 2021 is feasible: legislator
Older News
06/10 Hanoi a bright spot in FDI attraction
02/10 Canada affirms strong trade ties with Vietnam
30/09 September CPI up 0.12 percent
23/09 EVFTA brings new impetus for Vietnam’s fishery exports
21/09 Vietnam’s GDP to grow 2-3 percent this year: former GSO director
14/09 Construction steel sales projected to recover in year-end months
11/09 VN energy sector a magnet for foreign investors
05/09 HCM City maintains export growth in eight months
27/08 Import-export expected to drive credit growth
24/08 Việt Nam shrimp exports to South Korea to edge up: VASEP
 
Newsletter Signup
Top Stories
Reference exchange rate continue going down
Reference exchange rate down 8 VND at week’s beginning
Reference exchange rate down 15 VND
Growth target of 6 percent for 2021 is feasible: legislator
VNM: Vinamilk plans to import 1,200 milch cows from US in 2021
Market Update
Last updated at 3:05:26 PM
VN-INDEX 1,010.22 +4.25/+0.42%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.