The World Bank (WB) has projected Vietnam’s GDP to expand by 4.8 percent in 2021, two percentage points lower than its previous prediction in December 2020. Despite the latest figures, the World Bank has forecast Vietnam’s economy to grow 4.8% in 2021, while Vietnam has said it is targeting a 6.5% expansion. The World Bank Global Economic Prospects Report shows that the global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years. World Bank maintains Vietnam’s growth at 4.8 pct. Vietnam’s gross domestic product is expected to grow by about 4.8% in 2021, although it posted a robust economic performance in the first half of this year, according to the World Bank Group (WB). The GDP value of Vietnam represents 0.24 percent of the world economy. Credit to the economy grew by 14.2% year-on-year in October, comparable to the rate in September. A medical staff vaccinates a woman in Hanoi, Sept. 10, 2021. The World Bank has predicted Vietnam’s GDP this year to expand by 6.6% in 2021, 0.1 percentage point higher than the government’s target at 6.5%. NDO - The State Bank of Vietnam issued a decision on November 30 stating that domestic bank cards with magnetic stripes will remain valid for normal use after December 31, 2021. Vietnam has been a development success story. The Gross Domestic Product (GDP) in Vietnam was worth 271.16 billion US dollars in 2020, according to official data from the World Bank. As of 2021, the United States and China would occupy the first two places in both methods' gdp ranking.The US and China's margin is coming down in nominal ranking as China's gdp growth rate of 2021 (8.02%) is higher than the US's 5.97%. (Photo: WB) In addition to analyzing the recent trends of the economy, this edition, titled “Digital Vietnam - The Path to Tomorrow”, focuses on what Vietnam needs to do to realize its ambition of becoming one of the most advanced digital economies in the world. The figure was released at a press conference held on August 24 to announce the latest edition of Taking Stock – the WB’s biannual update on Vietnam’s economic performance. Hanoi, August 24, 2021 —Vietnam’s GDP is expected to expand by about 4.8 percent in 2021, although it has posted a robust economic performance in the first half of this year. KUALA LUMPUR: The World Bank has lowered Malaysia’s GDP growth to 4.5% this year from 6% earlier amid a dramatic resurgence of the Covid-19 virus beginning in mid-April 2021. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. On a nominal basis, the US is ahead of China by $6 trillion in 2021. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. In a report released late September, the World Bank forecast that Vietnam's economy would grow by 4.8 percent in 2021 before recovering to the pre-pandemic rate of 6.5 to 7 percent from 2022 onward. Vietnam's economy to grow 6.8 percent in 2021: World Bank Tuesday, December 22, 2020 08:45 ... Hanoi (VNA) – The World Bank (WB) has projected Vietnam’s GDP growth rate … World Bank: let climate-threatened Pacific islanders migrate to Australia or NZ; Better social assistance system needed to prepare vulnerable people for crisis: World Bank have 785 words, post on vietnamnews.vn at November 21, 2021. NDO/VNA - Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8% in 2021 and, thereafter, stabilise at around 6.5%, according to the latest World Bank’s economic update for Vietnam “Taking Stock”. Economic reforms since the launch of Đổi Mới in 1986, coupled with beneficial global trends, have helped propel Vietnam from being one of the world’s poorest nations to a middle-income economy in one generation. record a gross domestic product growth rate of 2.9 percent. Vietnam Economic Outlook 2021 Featuring a Special Guest Speaker from the World Bank. Enditem This forecast, two percentage points lower than the projection made by the World Bank Group in December … License : CC BY-4.0. If you want remove this page, please contact us. GDP per capita, PPP (current international $) - Vietnam from The World Bank: Data ... IMF World Economic Outlook (April-2021) Date: 02 Sep 2021: Top Statistics Olympics Medal Table 2020. It also includes a special section on the government’s efforts to reduce trade costs and enhance competitiveness. The bi-annual economic report predicts that Vietnam will achieve positive growth this year while the global economy is expected to contract at least 4 percent. The report attributes Vietnam's economic performance to the resilience of both its domestic economy and the external sector. After excellent results on covid-19 control and achieving the highest gross domestic product (GDP) growth rate in the world, at 2.9% in 2020, the economy continued to grow solidly by 5.6% in the first half of 2021. GDP growth (annual %) - Vietnam. The Southeast Asian economy’s GDP contracted by 6.2 percent in third quarter, the sharpest drop since quarterly data were compiled in the country. Electronics production at Hoa Lac hi-tech park. GDP in Vietnam averaged 84.67 USD Billion from 1985 until 2020, reaching an all time high of 271.16 USD Billion in 2020 and a record low of 6.29 USD Billion in 1989. GDP of Vietnam in nominal and ppp terms. Projections by IMF. Between 2002 and 2020, GDP per capita increased 2.7 times, reaching almost US$2,800. Economy World Country India. Vietnam At-A-Glance. 2021. In total, the country attracted $23.7 billion worth of committed FDI in the first ten months of 2021, 1.1% higher than the same period of 2020, while inflation remained subdued despite fuel price hikes. The Gross Domestic Product (GDP) in Vietnam was worth 271.16 billion US dollars in 2020, according to official data from the World Bank. World Bank maintained its GDP growth forecast for Vietnam at 4.8 percent this year, expecting the economy to rebound in the last quarter from months of pandemic-triggered hardship. World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Vietnam’s GDP is expected to expand by about 4.8 percent in 2021, although it has posted a robust economic performance in the first half of this year. With the negative growth in the third quarter, Vietnam's GDP growth rate for 2021 could reduce, World Bank said in a recent report. 1610080200. Metadata. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath. Malaysia has successfully diversified its economy from one that was initially agriculture and commodity-based in the 1960s, to manufacturing and services sectors. GMT+7. GDP (current US$) World Bank national accounts data, and OECD National Accounts data files. Estimates by world bank since 1961. Vietnam is requiring banks to switch their magnetic stripe cards to chip-mounted cards. Line Bar Map. Even when COVID-19 has delivered a major blow to economies worldwide, the rise of indexes on Vietnam’s stock market has proved its attraction to foreign investors. Market capitalisation in late September exceeded 6,861 trillion VND (302.07 billion USD), equivalent to 109 percent of the gross domestic product (GDP). HANOI, Dec. 21 (Xinhua) -- Vietnam's gross domestic product (GDP) is expected to grow by almost 3 percent in 2020 and about 6.8 percent in 2021, thanks to the country's management of the COVID-19 pandemic, according to a report released by the World Bank on Monday. Line Bar Map. GDP Growth and GDP per capita Growth of Vietnam. The World Bank has made major forecasts for Vietnam in 2021. World Bank’s economic update for Vietnam “Taking Stock” was released on December 21. (Photo: VNA) Hanoi (VNA) - Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank ’s economic update for Vietnam “Taking Stock”. World Bank (2021-09-27) The East Asia and Pacific (EAP) region is suffering a reversal of fortune. Vietnam economy on track for recovery: World Bank ... bringing the falling trend that started in July 2021 to a halt. Friday, January 8, 2021 (11:30 AM - 2 PM) Jan 8th . The Gross Domestic Product per capita in Vietnam was last recorded at 8200.33 US dollars in 2020, when adjusted by purchasing power parity (PPP). lệ lạm phát của Việt Nam được dá»± báo ở mức 2,8% trong năm 2021 và 3,5% trong năm 2022 – … The World Bank Global Economic Prospects Report shows that the global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years. World Bank Acting Country Director for Vietnam, Rahul Kitchlu said: “Whether Vietnam’s economy will rebound in the second half of 2021 will depend on the control of the current COVID-19 outbreak, the effective vaccine rollout, and the efficiency of the fiscal measures to support affected business and households, and to stimulate the recovery.. – AFP Tagged: AFP , Business , contraction , growth , Vietnam Vietnam’s development over the past 30 years has been remarkable. Estimates by world bank since 1960 in nominal … Vietnam’s old age dependency ratio, the number of people over 65 divided by the number of those of working age, is estimated to double from 0.11 in 2019 to 0.22 in 2039. Opening Remarks by World Bank Country Director, Mr. Ousmane Dione at the Workshop on Vietnam Economic Growth Model for 2021-30, with a vision to 2045 This site uses cookies to optimize functionality and give you the best possible experience. Registration for this event is now closed. GDP of Vietnam in nominal and ppp terms. World Bank (2021-10-27) It is now clear that a narrow focus on the growth of gross domestic product (GDP) is insufficient to achieve humanity’s aspirations for sustainable prosperity. Vietnam’s real GDP growth has decelerated to a still robust 6.8 percent in the first quarter of 2019 from a vibrant 7.5 percent pace in the same period of … The report examines economic developments in Vietnam in 2018, including its strong trade performance, increased FDI inflows, and public debt stabilization, among others. The forecast was made in the latest edition of Taking Stock – the World Bank’s biannual update on Vietnam’s economic performance released today – highlighting the economic pains associated with the most recent COVID-19 outbreak. The forecast was made in the latest edition of Taking Stock – the World Bank’s biannual update on Vietnam’s economic performance released today – highlighting the economic pains associated with the most recent COVID-19 outbreak. Bank Indonesia (BI) said it expects Indonesia’s gross domestic product (GDP) to increase by between 4.7 and 5.5 percent in 2022, higher than the previous forecast of 3,2-4 percent.

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