Vietnam 

Deposit rate forecast to stay steady over next few months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The interest rate for đồng deposits is stable at 4.8-5.5 per cent per year for terms of less than 6 months. — VNA/VNS Photo Viet Nam News HÀ NỘI — Interest rates for Vietnamese đồng deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast. The outlook is different to a month ago when most believed pressure from interest rate hikes would occur in 2019 due to high inflation, global tightened monetary policy and the accelerating trade war. …

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Vietnam 

No huge pressure on exchange in 2019: forecast – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Experts have forecast minimal pressure on exchange rates in 2019, with little chance of significant volatility. According to a recent report by SSI Securities Corporation, the continued devaluation of Chinese yuan could pressure the Vietnamese đồng. However, after overcoming the most difficult period – beginning of the US-China trade war, market members and management agencies are now prepared. The company predicted the volatility of the US dollar against Vietnamese đồng would be the same as 2018 with little chance for sudden…

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Singapore 

Here’s your Chinese zodiac forecast for 2019 Year of the Pig, Singapore News

In 2019 Year of The Pig, it will be the year of endings, transitions and revelations. Old processes will be replaced with new methodology to achieve breakthroughs. Adopting new innovation is key to greater milestones. One should not expect that what had been working for the past 10 years will still continue to be successful. Changes will present an opportunity for greater good in the future. In the United States, President Donald Trump may face a challenging 2019 based on analysing his Bazi chart. He will have to manage his own…

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Home 

IMF cuts forecast for global economic growth in 2019 amid trade tensions

The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising interest rates in the United States. The IMF said on Monday it expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per cent it had forecast for 2019 in October. “After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising,” said Christine Lagarde, the IMF managing director, as she presented…

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Vietnam 

Việt Nam’s GDP growth forecast at 6.9%: Standard Chartered – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Standard Chartered Bank expects Việt Nam to grow at a steady 6.9 per cent in 2019, as the focus shifts to sustainable growth, while FDI-driven manufacturing and stronger domestic activity is likely to support growth. This forecast was highlighted at Standard Chartered’s Global Research Briefing held on Wednesday in HCM City, drawing senior representatives from over 120 local and foreign corporate clients. The annual event discussed Standard Chartered’s recently published Global Focus – Economic Outlook 2019 report entitled “Fighting the current”, and…

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Global 

China’s 2019 gross domestic product forecast cut to 6.2 per cent by World Bank under ‘Darkening Skies’

A report titled “Darkening Skies” has forecast China’s growth for 2019 will drop by a further 0.1 of a percentage point over concerns of “weaker exports”, with many other institutions joining the World Bank in predicting a deepening slowdown in the world’s second biggest economy. The World Bank’s projection for Chinese growth this year is in line with estimates by both Chinese and foreign forecasters, which fall in a range of 6.0 per cent to 6.5 per cent, down from an estimated 6.6 per cent in 2018. “[China’s] growth is…

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Vietnam 

Life insurance to grow at 25 per cent: forecast – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The life insurance industry will grow at over 25 per cent this year, according to the Insurance Association of Việt Nam. Its acting chairman, Trần Vĩnh Đức, said, “The Vietnamese economy is expected to grow at a rate of between 6.8 per cent and 7 per cent in 2019. “Demand for insurance, particularly life insurance, will increase as more and more people and organisations started caring about insurance products. Thus, the market will keep growing.” In a report released on…

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Vietnam 

Gains may extend, but volatility is forecast – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — After suffering for nine consecutive sessions, strong rebounds of the benchmark VN Index last week raised hopes for a short-term recovery with forecasts predicted to touch 940-950 points this week. But the news also came with a warning, as trading could be volatile. The benchmark VN Index on the Ho Chi Minh Stock Exchange (HOSE) gained 1.86 per cent to close last Friday at 924.86 points, making a weekly growth of 2.67 per cent. The southern market index had surged…

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Vietnam 

Tightened monetary policy forecast for Q4 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts. In contrast to some concerns that SBV’s regulations on requiring credit institutions to limit loans to high risk sectors such as real estate, securities and consumption in the third quarter of 2018 could slow down the…

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