HSBC’s forecast for the country's GDP growth this year has been amended to 5.1 per cent, reflecting the severe impact of the latest Covid-19 outbreak.
HSBC have recently trimmed Vietnam’s 2021 growth forecast from 6.6 per cent to 6.1 per cent, reflecting the impact of the recent outbreak. That said, once Vietnam is able to contain Covid-19, it should regain its momentum quickly.
The venture aims to establish an initial forecast portfolio of approximately $350 million and focuses on Ho Chi Minh City, Hanoi and Danang.
The cold chain industry is forecast to value at $169 million in 2019, fueled by the development of processing industry and modern trade retails, according to FiinGroup.
While domestic think tanks in Vietnam show optimism on the local economic growth and forecast a better performance than the government’s target, international organisations are more cautious with lower projections.
Vietnam will likely survive on a two-scenario forecast for economic growth this year, at either 6.56 per cent on the safe side or at as high as 6.81 per cent, according to the latest VEPR report.
Vietnam's economic growth is expected to slow down to 6.7 per cent next year in the context of weaker external environment.
The growth rate of Vietnam economy in 2018 was raised to 6.8 per cent by the World Bank, making Vietnam become one of the few countries having enhanced growth prospects.
Vietnam’s economy continued to perform strongly in the first half of 2018, however, it remains vulnerable to external and domestic challenges, according to Asian Development Bank.
Vietnam's economy is forecasted to expand by 6.8 percent in 2018 before moderating to 6.6 percent in 2019 as capacity constraints become more binding, according to World Bank.
The ambitious targets set by banks in 2018 forecast that the private banks will usurp the state owned commercial ones.
Apart from the traditional business investment fields such as securities and real estate, in 2018 the fields associated with 4.0 generation technology, green growth are forecast to achieve outstanding growth, according to Bui Tat Thang. Ph.D - Director of Vietnam Institute for Development Strategies,
Office rents in Ho Chi Minh City could spell an increase of up to 20 per cent for some Grade A properties in 2018, according to the latest 2018 Asia Pacific Forecast of global real estate services firm Cushman & Wakefield.
The Asian Development Bank (ADB) upgrades its growth prospects for Vietnam to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively.
