The IMF’s mid-term projections for 2025 show Cambodia outpacing its peers with growth forecast at 6.9 percent, making the country the region’s fastest growing economy. The Vietnam self-storage market is expected to grow at 4.1% CAGR during the forecast period of 2020-2025. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the ladder – and by 2030, … This page presents GDP forecast figures by country for the period from 2021 to 2025 as estimated by the IMF in its latest edition of World Economic Outlook (WEO) as of October 2020. ; Vietnam 2020 population is estimated at 97,338,579 people at mid year according to UN data. The US could be down to third place in the global GDP rankings while the EU27’s share of world GDP could fall below 10% by 2050 UK could be down to 10th place by 2050, France out of the top 10 and Italy out of the top 20 as they are overtaken by faster growing emerging economies like Mexico, Turkey and Vietnam respectively Vietnam internet of things market stood at USD 2022.21 Million in 2019 and is projected to grow at a CAGR of around 24.03 % to reach USD 7321.92 Million by 2025. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Chart. Private sector to foster as key propellant for 2021-2025 economic growth. Dublin, IRELAND. Considering the spread of COVID-19 in 2020, the annual GDP growth rate of 2.9% is already a good figure in the world. Similar values. Food & Grocery Retail in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). Email The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Same region. Dang Duc Anh, deputy director of the NCIF, said that NCIF formulated two economic growth forecasts for 2021-2025. APAC two-wheeler market was valued USD 55.30 Billion in 2019 and is forecast to grow at CAGR of 8.63% to reach USD 67.52 Billion by 2025. ASEAN's GDP is forecast to increase from $2.4 Trillion in 2015 to $5.2 Trillion in 2025, largely due to the ongoing implementation of the AEC. August 07, 2020 10:23 ET | Source: Research and Markets. Brian Wang. The self-storage industry is a sub-sector of the commercial real estate market. Infrastructure in global context Infrastucture spending By 2025, the average GDP per capita is forecast to hit 4,688 USD, making Vietnam an above average income country. Goldman Sachs recently forecast that Vietnam's economy, which currently ranks 55th in the world, will be ranked 17th in 2025 with total gross domestic product (GDP) rising from … The Vietnam paper packaging market is expected to grow at a CAGR of 4.7% during the forecast period 2020 to 2025. Line Bar Map. The government targets annual GDP growth of 7 percent from 2021 to 2025 to make up for the slowdown caused by the Covid-19 pandemic. Vietnam Probiotics Market is expected to grow at a compound annual growth rate of 10.10% over the forecast period to reach a market size of US$144.085 million in 2025 from US$80.890 million in 2019. The agency attributed stronger projection for 2020 to the upward impetus from better-than-anticipated second quarter GDP outturns (mostly in advanced economies) versus the downdraft from persistent social distancing and stalled reopenings in the second half of the … We maintain our forecast that inflation will be lower in 2021 than in 2020, despite rising commodity prices. Vietnam’s average GDP growth in the 2021 – 2025 period is forecast at 7%, leading to income per capita of US$4,688 during the period, significantly higher than the figure of US$3,000 in 2016 – 2020, according to Dang Duc Anh, vice director of the National Center For Socio-Economic Information and Forecast (NCIF). April 7, 2017 June 15, 2007 by Brian Wang. According to the latest forecast from the National Center for Socio-Economic Information and Forecasting (NCIF), Vietnam’s economic growth is projected at 6.17 percent in 2021 in a baseline scenario and may even reach 6.72 percent in the... 04/07/2021. Thailand’s GDP is expected to grow by 3.0% in 2021 and 4.5% in 2022 – ADO 2021 Thailand's inflation rates forecasted at 1.1% in 2021 and 1.0% in 2022 – ADO 2021 Per capita GDP growth for Thailand is expected at 2.5% in 2021 and 4.0% in 2022 – ADB Report Viet Nam's economy in the medium term 2021-2025: Recovery and growth accelerates. In the first scenario, which is the most likely, Vietnam’s economic growth is forecast to reach about seven percent and inflation will stand at a moderate rate of 3.5-4.5 percent per year. 10.3 Economic/Political Environmental Change 66. Vietnamese economy forecast to grow 7 percent during 2021-2025 Product Overview . 11 Vietnam Elevator Market Size (Sales and Revenue) Forecast (2019-2025) 75. Forecast Period: 2021-2025 Key Topics Covered: 1. None. Vietnam’s inflation rate is forecast to be 3.2 percent, lower than the 4 percent target set for the year, the report said. License : CC BY-4.0. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2025 supported by both volume and revenue (USD million). 11.1 Vietnam Elevator Sales (Unit), Revenue (M USD) Forecast (2019-2025) 75. The region’s share of internet economy in the GDP rose from 1.5 percent in 2015 to 2.8 percent in 2018. November 10, 2020. Vietnam Air Conditioners Industry 2020-2025: Assessment of the $2.9 Billion-Projected Market. This means that by 2025, Vietnam’s GDP could reach $530 billion, exceeding that of Singapore by 22.7 percent. The session also cited a … Regarding the outlook, Dhiraj Nim and Khoon Goh, economists at ANZ, commented: “Vietnam’s Q1 GDP print may have partly dampened the optimism regarding its economic recovery in 2021. ; Vietnam population is equivalent to 1.25% of the total world population. Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. U.S GDP per capia incone: 63,690, germany:54,560, china:18,170. china as the second largest economy per capita income is 72% less than the world largest economy, the U.S., if one were to compare these two countries. Although real GDP growth in 2021 will be much stronger than 2020, the Vietnamese economy is still facing headwinds brought about by the pandemic, and we expect the State Bank of Vietnam (SBV) to keep its benchmark Vietnam’s economic growth is estimated to reach 6.8% per year in the medium term 2021 – 2025 in the positive scenario, according to the latest forecast from the National Center for Socio-Economic Information and Forecasting (NCIF) and the United Nations Development Program (UNDP). The internet economy in Vietnam is predicted to grow at a CAGR of 25 percent between 2015 and 2025, Viet Nam's economy in the medium term 2021-2025: Recovery and growth accelerates. Vietnam’s GDP is forecast to expand 7 percent during 2021-2025 on the back of new-generation free trade agreements, according to the Ministry of Planning and Investment’s National Centre for Socio-Economic Information and Forecast (NCEIF). Vietnam is among few countries that are likely to post positive GDP growth this year while most economies contract. Vietnam targets average GDP growth of 6.5-7% in 5 years Vietnam is expected to move to a group of upper-middle-income countries by 2025. ... GDP growth forecast for the UK 2021-2025; ... Average CPI growth rate Vietnam … Meanwhile, the global economy is projected to contract 4.4% in 2020, 0.8 percentage points above IMF’s forecast in June. Food & Grocery Retail in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). Vietnam’s economy, which currently ranks 55th globally by GDP, will grow to rank 17 by 2025, predicts US investment house Goldman Sachs in a recently published forecast, saying that the country’s GDP will rise from currently $186 billion to $450 billion in just ten years. The 2021-2025 five-year plan is targeting an average budget deficit of 3.7% of GDP, which is above the 3.0% average that we at Fitch Solutions estimated from 2016-2020. Impact of COVID-19 on Vietnam Data Center Market ... Vietnam Economic Profile . The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. At Fitch Solutions, we retain our forecast for Vietnam’s credit growth at 14.0% for 2021. Food & Grocery Retail in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The Ministry of Planning and Investment proposed average gross domestic product growth of 6.5% to 7% for the five years as it held a work session Sept. 29. We maintain our forecast that large-scale vaccination will only be complete in the second quarter of 2022. Research and Markets. The National Center for Socioeconomic Information and Forecast has drawn up two scenarios for the country’s economic development in the 2021-2025 period. Vietnam targets an average GDP growth of 6.5-7% in the 2021-2025 period as the country continues to set eyes on rapid and sustainable economic development. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. "Annual gross merchandise volume (GMV) of the internet economy in Vietnam in 2015 and 2019, with a forecast for 2020 and 2025 (in billion U.S. In its World Economic Outlook released during the IMF’s annual meeting on Tuesday, Cambodia’s economy is forecast to shrink 2.8 percent this year — slightly more than the 1.5 percent contraction forecast for Indonesia. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. source: General Statistics Office of Vietnam. 1.2 Vietnam Households 1.3 Vietnam's GDP ... 4.2 Mobile Revenue Historical and Forecast, 2014-2025 4.2.1 Historical Vietnam Mobile Service Revenue, 2014-2019 Latest research on Vietnam Prefabricated Buildings Market report covers forecast and analysis on a worldwide, regional and country level. ... Vietnam, which is not expected to make the top 15 largest economies by 2050, also has an excellent growth story to tell, given its young, educated workforce and stable political environment. South st sian utlook o 2025 9 Vietnam Vietnam has strong prospects for economic growth but bears significant infrastructure challenges. Highest values. However, we believe that the economy’s upward growth trajectory remains intact, and even at our revised 7% growth forecast, the recovery will be robust. This page has economic forecasts for Vietnam including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Vietnam economy. Vietnam’s economy is set to grow 6.6 percent in 2021 on the back of successful control of COVID-19 infections, strong performance by export-oriented manufacturing and robust recovery in domestic demand. The World Bank had earlier this month forecast Vietnam to grow at 4.9 percent this year (Photo: Bizlive) Vietnam is experiencing rapid demographic and social change. Vietnam’s digital economy will likely reach 52 billion USD in value by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company. Vietnam targets an average GDP growth of 6.5-7% in the 2021-2025 period as the country continues to set eyes on rapid and sustainable economic … As per LogisticsIQ™ latest post-pandemic market report, Warehouse Automation Market was valued at USD ~15 billion in 2019 and is expected to be worth USD ~30 billion by 2026, at a CAGR of ~14% during the forecast period. Vietnam’s internet economy is predicted to grow at a compound average growth rate (CAGR) of 25 per cent between 2015 and 2025, from $3 billion in 2015 to $9 billion in 2018 and $33 billion by 2025. “Vietnam’s Q1 GDP print may have partly dampened the optimism regarding its economic recovery in 2021. Banks in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). Vietnam’s digital economy is forecast to grow to $52 billion by 2025, an annual 29% increase from 2020, according to a study by Alphabet Inc. … The "Vietnam Cloud Service Market, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.. Vietnam registers inflation again in February. Gross domestic product is the most commonly used single measure of a country's overall economic activity. And imports have a lot of room for growth. NDO - With an average annual growth rate of 6.5-7% set for the 2021-2025 period, Vietnam will apply a range of solutions including the creation of new spaces for private businesses to operate as one of the most important pillars of economic growth. Displaying 1-10 of 452 articles move back one go to last. The … The budget deficit is projected to decline to 4.2 percent in 2020 (2.6 percent, when extrabudgetary funds are included. The government’s commitment to private-sector–led growth has helped improve the business climate. In the first scenario, which was considered the most feasible, Vietnam’s GDP may expand by 7%. The increasing demand for automobiles, growing consumers awareness for safety & comfort features in automobiles and the growing demand for vehicle electrification is projected to aid the growth of the automotive PCB market in the country. 14 Market Forecast - By Regions 14.1 North America Marble and Granite Slabs Market Forecast (2020-2025) 14.2 Europe Marble and Granite Slabs Market Forecast (2020-2025… Figure 30: Vietnam’s Exports of Goods and Services (LCU Billion), 2005-2014. In recent years, Vietnam successfully reversed the rapid rise in public and publicly guaranteed debt, which declined to 55.6 percent of GDP at end-2018, down 4 points of GDP from its 2016 peak. 10 Vietnam Healthcare Competitive Landscape 10.1 Major Vietnam companies operating in Healthcare Industry 10.2 Business and SWOT Profile- Company A 10.2.1 Snapshot Nominal gross domestic product (GDP) is GDP given in current prices, without adjustment for inflation. The government targets annual GDP growth of 7 percent from 2021 to 2025 to make up for the slowdown caused by the Covid-19 pandemic. Vietnam targets an average GDP growth of 6.5-7% in the 2021-2025 period as the country continues to set eyes on rapid and sustainable economic … The National Center for Socio-economic Information and Forecasting (NCIF) predicted that Vietnam’s annual average GDP in the 2021-2025 period will be maintained at 7 per cent at the annual “Prospects for Vietnam’s Economy” international conference held on November 21 in Hanoi, with the participation of hundreds of scholars from Vietnam, Ireland, and elsewhere. Telecommunication Services in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Figure 29: Vietnam’s Gross Domestic Product (Current US$ Billion), 2015-2025. Accordingly, Vietnam continues to be the only country in Southeast Asia that is forecast to see positive growth this year, at 1.6%, and 6.7% by 2021. The indicator is measured in USD at 2010 Purchasing Power Parities. World’s Largest Economies in 2030. Vietnam Air Conditioners Market Review 2015-2019, with Estimations for 2020 and Forecasts Over 2021-2025 Accordingly, Vietnam's GDP growth rate will reach about 7 per cent per year during the period. Growth in the market is expected on account of rising demand for economical and personal transportation coupled with expanding population base and rising per capita income of consumers in the region. dollars)." Vietnam’s GDP growth is projected to reach 7% per year from 2021-2025. Internet economy as percent of GDP. Vietnam’s real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2016, and is projected to continue to do so through 2026. 11.2 Vietnam Elevator Sales (Unit) Forecast by Type (2019-2025) 77. The Chart of the Week is a weekly Visual Capitalist feature on Fridays.. Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London.. Considering that the per capita car ownership in Vietnam is very low, Vietnam’s auto production and sales will be 2021-2025. The "Vietnam Cloud Service Market, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.. Universal Joint Market Size by Type 2021 Growth Prospects, Top Key Players, Growth Rate, Business Development, Applications, Latest Trends, Industry Share and Forecast to 2025 … For 2021, the government is targeting economic growth at 6.5 percent. By 2025, it is forecast to reach eight percent. Vietnam will encourage the market for the paper packaging segment, with applications across industries like personal care, healthcare, homecare, retail, and others. As of 2018, Vietnam leads amongst all the countries with its internet economy share in the GDP … Vietnam Data Center (Corporate and Web Hosting) Market Forecast & Opportunities, 2021-2025: Focus on IT Infrastructure, Electrical Infrastructure, … The rapid advancement of Bangladesh, Ethiopia and Vietnam is stunning. The growth rate of Vietnam’s GDP in 2020 was about 2.9%. Vietnam is part of the Association of Southeast Asian Nations (ASEAN), which encompasses regional nations with the goal of fostering trade and economic growth. The region has been reporting increasing GDP, amounting to 2.9 trillion U.S. dollars in 2018. World Bank national accounts data, and OECD National Accounts data files. The Vietnamese Cloud Service Market is projected to grow from $ 181 million in 2019 to $ 427 million by 2025, exhibiting a healthy CAGR of over 15% during 2020 - 2025. Overview of the workshop. Vietnam plans to roll out its local vaccination programme. Vietnam $7.32 Billion Internet of Things Market, Competition, Forecast & Opportunities, 2025 – ResearchAndMarkets.com Posted on 01/15/2021 16229 Director, Global Corporate Affairs and Communications, PwC UK, PwC United Kingdom +44 7803 974136. The "Vietnam Automotive PCB Market, 2025" report has been added to ResearchAndMarkets.com's offering.. In the next five years, Vietnam’s GDP is set to grow by 6-7 percent annually, compared to Singapore’s 2-5 percent. 2. Its infrastructure spending is expected to top $56 bn by 2025 with growth rate of around 9% a year which is in line with the regional growth. Vietnam targets an economic growth of between 6.6-6.8 percent this year. In Vietnam, industry and construction constitute the biggest sector of the economy (41 percent of total GDP). Yet, in the past six years the growth in services outpaced significantly all other sectors, and today services account for 37 percent of GDP. “The epidemic has given digital retail a boost.” Vietnam’s digital economy is forecast to grow to $52 billion by 2025, luring e-commerce giants like Alibaba and Amazon. Figure 28: Vietnam’s GDP per capita, 2015-2025. This is fairly similar to our forecasts of a 3.6% average over the period, under … HÀ NỘI — Việt Nam’s digital economy will likely reach US$52 billion in value by 2025, according to the e-Conomy SEA 2020 report by Google, Temasek and Bain & Company.. With gross merchandise value (GMV) of its internet economy accounting for more than 5 per cent of the country's GDP in 2020, Việt Nam is emerging as the most digital of all economies in the region, the report said. Research Methodology . Definition ofNominal GDP forecast. Viet Nam's GDP growth is expected at 6.7% in 2021 and 7.0% in 2022 – ADO 2021 Viet Nam's inflation rates forecasted at 3.8% in 2021 and 4.0% in 2022 – ADO 2021 Per capita GDP growth for Viet Nam is expected at 5.4% in 2021 and 5.6% in 2022 – ADB Report GDP Annual Growth Rate in Vietnam averaged 6.34 percent from 2000 until 2021, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 0.39 percent in the second quarter of 2020. 1.2 Vietnam Households 1.3 Vietnam's GDP ... 4.2 Mobile Revenue Historical and Forecast, 2014-2025 4.2.1 Historical Vietnam Mobile Service Revenue, 2014-2019 Oil & Gas in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). In addition, the IMF revised its 2020 GDP growth forecast for the Philippines from -3.6% in June to -8.3%. Trend gross domestic product (GDP), including long-term baseline projections (up to 2060), in real terms. Future of ASEAN, Forecast to 2025. GDP growth (annual %) - Vietnam. However, we believe that the economy’s upward growth trajectory remains intact, and even at our revised 7% growth forecast, the recovery will be robust. According to the latest forecast from the National Center for Socio-Economic Information and Forecasting (NCIF), Vietnam’s economic growth is projected at 6.17 percent in 2021 in a baseline scenario and may even reach 6.72 percent in the... 04/07/2021. 9 Vietnam Economic Outlook, 2019- 2025 9.1 GDP Outlook,2005- 2025 9.2 GDP Per Capita Outlook, 2005- 2025 9.3 Household Disposable Income, 2005- 2025 9.4 Population Forecast, 2005- 2025. Displaying 1-10 of 454 articles move back one go to last. Aggregates. Current price estimates of GDP are obtained by expressing values of all goods and services produced in the current reporting period. UBS GDP forecast for 2025 and 2050. Figure 27: Vietnam Market Share Analysis, 2020-2025. … The figure is forecast to exceed $240 billion by 2025. In recent years, Vietnam successfully reversed the rapid rise in public and publicly guaranteed debt, which declined to 55.6 percent of GDP at end-2018, down 4 points of GDP from its 2016 peak. 3. Vietnam is one of the fastest-growing economies in Asia, with a Gross Domestic Product (GDP) growth in 2018 reaching a 10-year-high of 7.1%. The economy is expected to stay stable, with inflation at 3.5-4.5 per cent per year. Figure 31: Vietnam’s Imports of Goods and Services (LCU Billion), 2005-2014 In the table below, countries are ranked by the gross domestic product measured in purchasing power parities (PPP) at current prices. NDO/VNA – Vietnam’s digital economy will likely reach US$52 billion in value by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company.
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