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Vietnam to Grow Fastest in SEA: IMF

Vietnam to Grow Fastest in SEA: IMF

by Teuvo Tuomi | Oct 25, 2024 | ASEAN, Economy, News, Philippines, Reports, Southeast Asia, Vietnam

The International Monetary Fund (IMF) forecasts Vietnam’s economy to grow by 6.0% in 2024 and 6.8% in 2025, making it the fastest-growing economy among key ASEAN countries. The Philippines follows with projected growth rates of 5.8% in 2024 and 6.1% in 2025. Both...
Vietnam’s Growth Remains Strong Despite Yagi

Vietnam’s Growth Remains Strong Despite Yagi

by Teuvo Tuomi | Oct 7, 2024 | Vietnam, Business, Economy, News

Vietnam’s gross domestic product (GDP) increased by 7.4% during the 3rd quarter of this year despite damage caused by Typhoon Yagi, the General Statistics Office (GSO) reports. The industry, construction, and service sectors remain strong, with a growth rate of 9.1%...
Vietnam Looking for 75% GDP Increase by 2030

Vietnam Looking for 75% GDP Increase by 2030

by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam

The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
Vietnam’s Pharmaceutical Industry Facing Slowdown

Vietnam’s Pharmaceutical Industry Facing Slowdown

by Teuvo Tuomi | May 29, 2024 | Economy, Business, Health, News, Vietnam

After record profits in 2023, Vietnam’s pharmaceutical industry is facing limitations in 2024 due to rising raw material costs and increased market competition. SSI Securities Corporation forecasts pharmaceutical profit growth of 8.4% in 2024, lower than the...

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