Country
Vietnam
- Vietnam's state-owned bank BIDV forecasts 9.5%-9.7% GDP growth this year, likely short of 10% target
Taiwan's Central News Agency reported that the Bank for Investment and Development of Vietnam (BIDV) forecasts Vietnam's economy will grow 9.5% to 9.7% this year, likely missing the double-digit target. Growth in the first nine months was 9.01%, the highest since 2011, but the fourth quarter would need more than 12.5% for the full-year goal. Bank lending makes up about 83% of financing, and small and medium-sized enterprises, 98% of all companies, receive only about 20% of bank credit.
Oct 25, 2026 Morning - Vietnam signs free trade agreement with EFTA states Iceland, Liechtenstein, Norway and Switzerland
Vietnam and the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland) signed a free trade agreement in Hanoi on Oct 18, attended by Communist Party General Secretary To Lam. The deal removes or lowers tariffs on imports including industrial goods, seafood and agricultural products. Vietnam said it shows the parties' commitment to rules-based trade as US tariffs disrupt global commerce.
Oct 19, 2026 Morning