vietnam to see positive economic growth in 2014
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Vietnam to see positive economic growth in 2014

Arab Today, arab today

Arab Today, arab today Vietnam to see positive economic growth in 2014

Vietnam markets
Ho Chi Minh City - XINHUA

 Vietnam will likely obtain higher gross domestic product (GDP) growth in 2014 based on strong exports and low inflation so far this year, according to Hong Kong and Shanghai Banking Corporation (HSBC).
Vietnam's export performance has been enviable as the sector has expanded by 14.1 percent since early this year, an impressive result amid lackluster demand across the globe, local Saigon Times daily quoted sources from the bank's Global Research Report as saying on Tuesday.
The HSBC Manufacturing Purchasing Managers' Index (PMI) mirrored this trend as the index has risen for 12 consecutive months. In the third quarter, the manufacturing sector grew 9.8 percent year-on-year and contributed 1.9 percentage points to the economy's 6.4 percent year-on-year growth.
In recent years, domestic firms' trade deficits have narrowed while foreign enterprises' trade surpluses have picked up, backing stability for the currency and the economy. The growth of the sector has helped offset slowing investments and increase labor demand, the bank said.
According to the UN projections, 93 million people live in Vietnam in 2014 with around 60 percent in the labor force. Both total population and working age group are expected to continue to expand by about 1 percent per year, resulting in more investments and jobs to productively absorb existing and incoming labor.
In the medium term, labor market, financial, infrastructure and supporting industry reforms are required for growth to be sustainable. Low linkages with foreign enterprises and persistent skilled labor shortages are limiting the benefits of foreign direct investment (FDI), especially regarding the acquisition of technology.
Meanwhile, an EU-Vietnam Free Trade Agreement (FTA) is expected to conclude by the year-end, if not in early 2015, bolstering stronger growth of manufacturing exports. As of September, Vietnam 's footwear exports had jumped 24.6 percent while textiles and garments rose by 18.6 percent, said the Saigon Times.
HSBC said the expiration of EU anti-dumping measures on Vietnamese leather footwear, labor cost competitiveness with China and anticipation of the Trans-Pacific Partnership have encouraged firms to shift production to Vietnam.
However, the bank said the big winners of exports have been goods manufactured in Vietnam while commodity-based items have lost value in recent years.
Headline inflation slowed to 3.6 percent year-on-year in September despite higher education costs, and the consumer price index (CPI) is expected to trend sideways in the fourth quarter, ending the year at 3.7 percent year-on-year, according to the bank.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vietnam to see positive economic growth in 2014 vietnam to see positive economic growth in 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vietnam to see positive economic growth in 2014 vietnam to see positive economic growth in 2014

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday