The Ministry of Information and Communications estimates that the digital economy accounted for 16.5 per cent of Việt Nam''s GDP in 2023, with projections for 2024 rising to 18.6 per cent.
With positive results seen in the first half of this year, Việt Nam hopes foreign direct investment (FDI) inflow in 2024 to hit US$40 billion in the whole year.
According to the latest data from the International Monetary Fund, Việt Nam''s GDP scale in 2023 is estimated to reach about US$433.3 billion, ranking fifth in Southeast Asia.
Việt Nam News reporter Cao Ly Ly spoke to Nguyễn Quốc Toản, director of the Digital Transformation and Agricultural Statistic Centre, under the Ministry of Agriculture and Rural Development, to learn more about the process.
The national strategy for developing Việt Nam''s pharmaceutical industry targets that by 2045, the total value of the pharmaceutical industry contributing to Việt Nam''s GDP is over US$20 billion.
Việt Nam''s GDP growth projection in 2023 has therefore been adjusted downward by ADB to 5.8 per cent, reflecting lower global demand compared with our earlier projection of 6.5 per cent.
Viet Nam’s GDP is projected to grow 5.8 per cent this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).
Financial expert Dr Dinh The Hien said Viet Nam''s GDP growth rate in 2023 will slow to below 7 per cent, but it is still a good growth rate compared to that of ASEAN region.
Concerns about the ability of Vietnamese companies to access credit have been severely weighing on the VN-Index, but the issue is mostly restricted to the property sector, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a note.
The World Bank''s research (2022) forecast that Viet Nam''s GDP would increase by about 4.9 per cent and exports would increase by 11.4 per cent by 2030.
The bank’s October report, Vietnam Macro Monitoring, shows that industrial production and retail sales posted another month of high growth rates (13.0 per cent and 36.1 per cent year-on-year) which could be attributed both to strong economic activities and to...
Despite global volatilities, Viet Nam’s economy has rebounded strongly this year beyond forecasts of many international organisations, making the country become a new ‘tiger’ in Asia.