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HSBC has removed its earlier call of another 50 basis-point rate cut by the State Bank of Vietnam (SBV), the country’s central bank, in the rest of this year as the conditions that previously warranted the move have dissipated.
HANOI: Three people died and one person was missing following flash floods and landslides in northern Vietnam over the weekend, disaster officials said on Monday (Oct 9). Dozens of houses and crops were also damaged as heavy rain lashed the provinces of Yen Bai, Thai Nguyen and Tuyen Quang, the Hanoi-based
Vietnam’s gross domestic product (GDP) increased by 4.24 per cent year-on-year in the first nine months of 2023. While the rate only exceeds the figures recorded in 2020 and 2021, which were significantly affected by COVID-19, it is still seen as a positive outcome, according to the General Statistics Office.
Many economic experts have predicted Việt Nam’s economy to slowly recover in the final months of 2023. Nguyễn Thị Hương, Director of the General Statistics Office (GSO) speaks to the VNA’s Tin Tức newspaper on this issue.