Vietnamese currency forecast to strengthen against US dollar in 2021

Monday, Oct 11, 2021

Fitch Solutions have revised its 2021 average forecast for the Vietnamese dong to VND22,900 per US dollar from VND23,000 per US dollar previously and VND22,800 per US dollar from VND23,200 per US dollar in 2022 as the central bank tolerates...

Viet Nam’s power development plan to boost LNG sector

Wednesday, Oct 06, 2021

The outlook for Viet Nam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions.

Vietnamese households to spend more on food

Friday, Sep 10, 2021

The average Vietnamese household will spend 20.8 per cent of their total household budget on food in 2025, marginally increasing from 20.1 per cent in 2005, according to global financial services provider Fitch Solutions.

Viet Nam’s current account surplus forecast at 6.2% of GDP in 2021

Friday, Aug 06, 2021

Viet Nam’s current account surplus is forecast at 6.2 per cent of GDP in 2021 and will narrow over the coming decade as part of a general long-term narrowing trend.

Support for domestic pharmaceutical industry to rise in Viet Nam

Sunday, Sep 20, 2020

The Vietnamese Government''s support for the local pharmaceutical industry will remain steadfast, according to Fitch Solutions.

Viet Nam's current account forecast at 3.7% in 2020

Thursday, Sep 10, 2020

Viet Nam’s current account surplus could narrow to 3.7 per cent in 2020 from 4.9 per cent last year due to the impacts of the COVID-19 pandemic, according to a report from Fitch Solutions.

Viet Nam’s construction market forecast to lure more foreign investors

Saturday, Aug 29, 2020

More foreign participation is forecast in Viet Nam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development.

Fitch Solutions revises up Viet Nam’s 2020 GDP growth

Thursday, Jul 02, 2020

Fitch Solutions have revised up its 2020 real GDP growth forecast for Viet Nam slightly to 3.0 per cent, from 2.8 per cent previously.

Tax relief stimulus approach forecast to widen VN's fiscal deficit

Thursday, Jun 18, 2020

Viet Nam’s fiscal deficit (excluding debt principal repayments) would be 6.4 per cent of GDP in 2020, almost double of 3.4 per cent last year, Fitch Solutions forecast.

More monetary easing measures forecast in 2020

Wednesday, Jun 03, 2020

The State Bank of Viet Nam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 per cent this year in light of a weak economic outlook, experts forecast.

State-led approach to boost 5G deployment in Viet Nam: experts

Monday, May 18, 2020

Viet Nam’s 5G is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.

Vietnamese currency forecast to continue weakening in 2020

Tuesday, May 05, 2020

Fitch Solutions experts predicted the Vietnamese dong to average VND23,475 per US dollar in 2020 and VND23,650 in 2021 from the current VND23,309.

COVID-19, price decline hit Viet Nam’s oil industry

Friday, Apr 03, 2020

Viet Nam’s crude oil and natural gas production face downside risks, in light of a double-whammy of global oil price collapse and sluggish demand due to continued spread of COVID-19, according to Fitch Solutions.

COVID-19 to pull Viet Nam’s growth down to 6.3%: Fitch Solutions

Tuesday, Mar 24, 2020

Fitch Solutions on Tuesday revised down Viet Nam’s economic growth to 6.3 per cent from 6.8 per cent previously in 2020 due to the Covid-19 outbreak.

Viet Nam’s growth under pressure from global Covid-19 outbreak

Wednesday, Feb 26, 2020

Fitch Solutions revised down its 2020 real GDP growth forecast for Viet Nam to 6.3 per cent, from 6.8 per cent previously, in light of the worsening global Covid-19 outbreak.