Q1 target appears difficult to achieve The Saigon Times Daily Employees are at work at a garment company in Vietnam. The GDP growth rate in quarter one may reach an estimated 6.58%, lower than the low growth scenario of 6.76% - PHOTO: THANH HOA HCMC – The gross domestic product (GDP) growth rate in the first quarter of this year is lower than the low growth scenario of 6.76%, Sai Gon Gai Phong news site reported, citing the Ministry of Planning and Investment. Given the figures seen in the first two months of 2019, the GDP growth rate in quarter one may reach an estimated 6.58%. To obtain an economic growth rate of 6.6%-6.8%, as indicated by the first plan established in late November 2018, the Ministry of Planning and Investment has proposed that ministries, departments and authorities of provinces and cities nationwide must intensify their efforts, take advantage of all opportunities for domestic and foreign investments, and focus on measures to shore up … [Read more...] about Q1 target appears difficult to achieve
2019 q1 gdp growth
Việt Nam recorded positive economic achievements in Q1
Prime Minister Nguyễn Xuân Phúc speaks at a Government cabinet meeting in Hà Nội yesterday.— VNA/VNS Photo Thống Nhất HÀ NỘI – In the first quarter of 2019, Việt Nam recorded positive economic achievements despite a range of difficulties both in and outside the country, Prime Minister Nguyễn Xuân Phúc said at a Government cabinet meeting in Hà Nội yesterday. The country’s GDP growth was estimated at 6.79 percent, while the macroeconomy was stablised and foreign currency reserves were on the rise. Social problems Prime Minister Phúc on the same day asked ministries and sectors to quickly address recent social issues of public concern such as school violence and superstitious activities. He cited the case of school violence in Hưng Yên Province in which a female student was brutally attacked by other students, with another one capturing the scene and uploading the video online. Phúc also mentioned the case of Ba Vàng Pagoda in Quảng Ninh Province, where tens of thousands … [Read more...] about Việt Nam recorded positive economic achievements in Q1
Local currency bond yields rise across all tenors as banks raise deposit rates: ADB
Local currency bond yields rise across all tenors as banks raise deposit rates: ADB By Thanh Thom Notes of government bonds issued by the Ministry of Finance. Total outstanding local-currency government bonds stood at VND1.092 quadrillion at the end of March – PHOTO: VNA HCMC – Local currency government bond yields in Vietnam climbed for all tenors between March 1 and May 8, according to the Asian Development Bank’s (ADB’s) latest issue of the Asia Bond Monitor . The ADB noted in the report that bond yields rose faster at the short end than the long end, resulting in a flattening of the yield curve. Yields gained an average of 30 basis points (bps) for the 1-year through 3-year maturities but only rose an average of 6 bps for the 10-year through 15-year tenors. As a result, the spread between the 2-year and 10-year yields narrowed to 125 bps on May 8 from 150 bps on March 1. The overall upward trend in bond yields was influenced by the uptick in deposit rates. … [Read more...] about Local currency bond yields rise across all tenors as banks raise deposit rates: ADB