Vietnam to become “new Asian tiger”: Italian journal
Vietnam may become a “new tiger” in Asia, commented Italy’s La Repubblica daily after the World Bank raised the Southeast Asian country’s growth forecast.
Rome (VNA) – Vietnam may become a “new tiger”in Asia, commented Italy’s La Repubblica daily after the World Bank raisedthe Southeast Asian country’s growth forecast.
The journal cited data from the World Bank East Asia andPacific Economic Update showing that the region may record growth of 3.2% thisyear and 4.6% next year.
Vietnam is predicted to lead the region with growth of 7.2%,higher that the bank’s earlier forecast of 5.3%. The bank also gave growth forecastfor other regional countries, including Malaysia (6.4%), the Philippines(6.5%), Indonesia (5.1%), and Cambodia (4.8%).
Basing on this statistics, La Republica held that the newAsian tiger in 2022 will be Vietnam.
Analysts asserted that factors promoting the growth of Asia,except China, include the ending of restriction measures to prevent the COVID-19 pandemic,the reopening of borders, and the resumption of consumption and industrial production.
At the same time, the rise in commodity prices due to theglobal energy crisis also has a role to play in boosting the region'sexport-dependent economies, they said./.
The Vietnamese stock market has witnessed drastic changes in both quality and quantity in 2021 and the trend will continue this year, BIDV Securities Company said in a recent report.
Vietnam is expected to accelerate its economic recovery from the pandemic this year after having recorded a 2.6 percent increase in gross domestic products (GDP) in 2021, Singapore’s Business Times reported.
The Lao Ministry of Public Works and Transport on September 21 launched the World Bank-funded Southeast Asia Regional Economic Corridor and Connectivity Project, which is expected to improve climate resilient, transport connectivity, and regional trade along an east-west corridor through Lao northern provinces.
Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.
Foreign investment made up 2.4 billion USD of the total, with 133 new foreign-invested projects registering over 1 billion USD, and 106 existing projects recording capital increases totalling 1.33 billion USD.
In its article published on August 13, AP wrote “Vietnam aims to get rich by 2045 and become Asia’s next “tiger economy” - a term used to describe the earlier ascent of countries and territories like the Republic of Korea (RoK) and Taiwan (China).
Vinh Long hopes 4B Plus Pty Ltd will serve as a bridge to facilitate access for its key agricultural products to the Australian market in the coming time.
This collaboration allows VinFast customers to access a network of over 1 million public charging points across 24 countries through the VinFast app, offering a seamless and convenient charging experience throughout Europe.
By the end of 2024, Vietnam had nearly 74,000 active digital technology enterprises, up 10.1% year-on-year. Total revenue of the information and communications sector was estimated at 166.7 billion USD, an increase of 13.2% compared to 2023.
Participants agreed that Resolution 68-NQ/TW offers opportunities for the private economic sector. Yet challenges remain in institutional frameworks, capital access, technology, and competitiveness.
This marks the third consecutive month the company has sold more than 11,000 units, reinforcing its position as Vietnam’s top-selling automaker for 10 months in a row.
CT Group stands as one of Vietnam's largest technology and innovation conglomerates, persistently pursuing a self-reliance strategy to master advanced technologies across nine high-tech sectors.
Party General Secretary To Lam emphasised that as Vietnam deepens international integration, the RoK’s success – with Busan Port as a vivid example – offers valuable lessons.
Speaking at a conference in Ho Chi Minh City on August 12 to seek ways to promote the products’ exports in 2025, Deputy Minister of Agriculture and Environment Tran Thanh Nam noted that despite global political instability and a slowdown in economic growth, Vietnam’s agro-forestry-fishery export has shown notable resilience.
The Ministry of Industry and Trade has proposed six types of commodity exchanges to be operated at the international financial centre (IFC), which would cover both traditional goods markets and emerging financial and commercial products.
Leaders of Khanh Hoa province met with executives of HD Hyundai and SK Innovation to explore opportunities to partnerships in shipbuilding and energy industries.
The Prime Minister urged the promotion of industrial production in tandem with market restructuring, product diversification, and the development of supply and production chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,509 VND/USD and the floor rate 23,985 VND/USD.
All service vessels and out-of-province fishing boats docking at fishing ports in Lam Dong province will undergo 100% inspection to ensure compliance with paperwork, port entry/exit procedures, and fishing log requirements. Their positions and voyages will be tracked around the clock from departure to return via the VMS.
The roadmap to restrict the use of petrol-powered vehicles and encourage green ones in such major cities as Hanoi and Ho Chi Minh City is creating a strong boost to the EV market.
The Ministry of Industry and Trade is drafting a scheme on diversifying imported raw material sources for domestic production, with feedback from industry associations and businesses being incorporated into concrete proposals and support policies.
Goods loading at Hai Phong port (Photo: VNA) 
