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 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. As of 2018, Vietnam leads amongst all the countries with its internet economy share in the GDP … 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. Vietnam registers inflation again in February. The rapid advancement of Bangladesh, Ethiopia and Vietnam is stunning. Displaying 1-10 of 454 articles move back one go to last. Similar values. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. 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 … 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 … 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. The growth rate of Vietnam’s GDP in 2020 was about 2.9%. 11.2 Vietnam Elevator Sales (Unit) Forecast by Type (2019-2025) 77. 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 … Viet Nam's economy in the medium term 2021-2025: Recovery and growth accelerates. Same region. 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. Vietnam Data Center (Corporate and Web Hosting) Market Forecast & Opportunities, 2021-2025: Focus on IT Infrastructure, Electrical Infrastructure, … In the next five years, Vietnam’s GDP is set to grow by 6-7 percent annually, compared to Singapore’s 2-5 percent. Email 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. 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. 11 Vietnam Elevator Market Size (Sales and Revenue) Forecast (2019-2025) 75. Research Methodology . Vietnam’s inflation rate is forecast to be 3.2 percent, lower than the 4 percent target set for the year, the report said. 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. … 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. None. source: General Statistics Office of Vietnam. Trend gross domestic product (GDP), including long-term baseline projections (up to 2060), in real terms. Figure 27: Vietnam Market Share Analysis, 2020-2025. Director, Global Corporate Affairs and Communications, PwC UK, PwC United Kingdom +44 7803 974136. Hanoi (VNA) – Vietnam’s gross domestic product (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). April 7, 2017 June 15, 2007 by Brian Wang. … 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. 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. In the first scenario, which was considered the most feasible, Vietnam’s GDP may expand by 7%. 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. 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. 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 Air Conditioners Industry 2020-2025: Assessment of the $2.9 Billion-Projected Market. Minister of Planning and Investment Nguyen Chi Dung addressed the government’s five-year socio-economic plan at a sitting of the National Assembly (NA) today [July 22]. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. In 2019, Vietnam’s gross domestic product (GDP) amounted to around 329.54 billion U.S. dollars, and is expected to increase to almost 567.26 billion international dollars by 2026. The current population of Vietnam (or Viet Nam) is 98,257,358 as of Wednesday, July 21, 2021, based on Worldometer elaboration of the latest United Nations data. The 2021-2025 five-year plan is targeting an average budget deficit of 3.7% of GDP, which is above the 3.0% average that we at Fitch Solutions estimated from 2016-2020. Infrastructure in global context Infrastucture spending ; Vietnam 2020 population is estimated at 97,338,579 people at mid year according to UN data. Vietnam internet of things market stood at USD 2022.21 Million in 2019 and is projected to grow at a CAGR of around 24.03 % to reach USD 7321.92 Million by 2025. Figure 29: Vietnam’s Gross Domestic Product (Current US$ Billion), 2015-2025. In addition, the IMF revised its 2020 GDP growth forecast for the Philippines from -3.6% in June to -8.3%. At Fitch Solutions, we retain our forecast for Vietnam’s credit growth at 14.0% for 2021. For 2021, the government is targeting economic growth at 6.5 percent. Considering that the per capita car ownership in Vietnam is very low, Vietnam’s auto production and sales will be 2021-2025. 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 … According to CRI’s forecast, as the COVID-19 epidemic has been well controlled in Vietnam, it is expected that the Vietnamese auto market will gradually recover from 2021. Meanwhile, the global economy is projected to contract 4.4% in 2020, 0.8 percentage points above IMF’s forecast in June. 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 Latest research on Vietnam Prefabricated Buildings Market report covers forecast and analysis on a worldwide, regional and country level. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. “Vietnam’s Q1 GDP print may have partly dampened the optimism regarding its economic recovery in 2021. World Bank national accounts data, and OECD National Accounts data files. 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). 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. 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. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. 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). By 2025, the average GDP per capita is forecast to hit 4,688 USD, making Vietnam an above average income country. 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. Viet Nam's economy in the medium term 2021-2025: Recovery and growth accelerates. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. 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. dollars)." Overview of the workshop. Still, his forecast of a 10% growth for Vietnam this year is one of the most optimistic in the market. Gross domestic product is the most commonly used single measure of a country's overall economic activity. 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. Figure 28: Vietnam’s GDP per capita, 2015-2025. Vietnam Air Conditioners Market Review 2015-2019, with Estimations for 2020 and Forecasts Over 2021-2025 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. The "Vietnam Cloud Service Market, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.. Vietnam is among few countries that are likely to post positive GDP growth this year while most economies contract. 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. 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. We maintain our forecast that inflation will be lower in 2021 than in 2020, despite rising commodity prices. Highest values. August 07, 2020 10:23 ET | Source: Research and Markets. 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. And imports have a lot of room for growth. We maintain our forecast that large-scale vaccination will only be complete in the second quarter of 2022. 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 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. Current price estimates of GDP are obtained by expressing values of all goods and services produced in the current reporting period. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2025 supported by both volume and revenue (USD million). Nominal gross domestic product (GDP) is GDP given in current prices, without adjustment for inflation. Accordingly, Vietnam's GDP growth rate will reach about 7 per cent per year during the period. 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. In the table below, countries are ranked by the gross domestic product measured in purchasing power parities (PPP) at current prices. This is fairly similar to our forecasts of a 3.6% average over the period, under … 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 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 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. 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 "Vietnam Cloud Service Market, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Future of ASEAN, Forecast to 2025. Vietnamese economy forecast to grow 7 percent during 2021-2025 “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. Dang Duc Anh, deputy director of the NCIF, said that NCIF formulated two economic growth forecasts for 2021-2025. License : CC BY-4.0. Vietnam plans to roll out its local vaccination programme. Line Bar Map. 11.1 Vietnam Elevator Sales (Unit), Revenue (M USD) Forecast (2019-2025) 75. 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 The World Bank had earlier this month forecast Vietnam to grow at 4.9 percent this year (Photo: Bizlive) 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. 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. 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. 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 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. 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. 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… Vietnam $7.32 Billion Internet of Things Market, Competition, Forecast & Opportunities, 2025 – ResearchAndMarkets.com Posted on 01/15/2021 16229 Vietnam is experiencing rapid demographic and social change. ... GDP growth forecast for the UK 2021-2025; ... Average CPI growth rate Vietnam … Dublin, IRELAND. Definition ofNominal GDP forecast. The session also cited a … The figure is forecast to exceed $240 billion by 2025. Forecast Period: 2021-2025 Key Topics Covered: 1. Internet economy as percent of GDP. The Vietnam paper packaging market is expected to grow at a CAGR of 4.7% during the forecast period 2020 to 2025. The region’s share of internet economy in the GDP rose from 1.5 percent in 2015 to 2.8 percent in 2018. Private sector to foster as key propellant for 2021-2025 economic growth. 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.. 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. 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. 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.
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