Economy
IMF Expert: Vietnam Remains Attractive Destination for Foreign Investors
Vietnam remains an attractive destination for FDI while the global economy fluctuates and geopolitical instability increases, said an IMF expert.
Economy
World Bank: Vietnam's Economy Recovers Gradually
According to the latest 6-month economic report of the World Bank (WB) published on April 23, Vietnam's economy is showing different signs of recovery, with growth forecast to reach 5.5% in 2024, and gradually increase to 6.0% in 2025.
Economy
ASEAN Future Forum and India's Role in Indo - Pacific Stability and Prosperity
Indian Foreign Minister Dr. S. Jaishankar emphasized the importance of a strong and united ASEAN for regional stability in the Indo-Pacific during his virtual address at the first ASEAN Future Forum on Tuesday.
Prime Minister: Vietnam is considered a safe investment destination
Many investors consider Viet Nam a safe investment destination with a lot of advantages after the COVID-19 pandemic is pushed back, heard a Government meeting chaired by Prime Minister Nguyen Xuan Phuc in Ha Noi on Friday.
Vietnam’s property market to receive foreign investment inflows post-COVID-19
Vietnam’s property market is likely to receive inflows of foreign investment after big countries encourage their companies to relocate manufacturing bases out of China due to the global pandemic.
If ‘Made in Vietnam’ does its miracle for ‘Made in China’ replacing as Vietnam did?
As US seeks to decouple from China, it's a reach to think Vietnam will easily become the world's next factory floor. But how it happens still remaining doubts and causing controversial opinions and predictions.
Vietnam's meat imports increases sharply in the first 4 months
Viet Nam has imported US$1.36 billion worth of meat and meat products in the first four months of the year, a 17.6 per cent year-on-year increase.
Bloomberg: Vietnam Could Sustain Growth of 4-5%, Prime Minister Says
The bloomberg, the bnnbloomberg.ca and bloombergquint simultaneously report an article on Vietnam economy's potential growth that: "Vietnam Prime Minister Nguyen Xuan Phuc said the export-dependent economy could sustain growth of 4-5% this year as the government looks to attract more foreign investment from businesses seeking to readjust their supply chains".
World Bank Director: Optimizing the recovery journey ahead for Vietnam
As the old saying goes, “What does not break you makes you stronger.” This is so true for Vietnam, not only throughout its rich history but also in the current context, according to Ousmane Dione, Country Director for Vietnam World Bank.
Vietnam F&B enterprises dominate the FAST500 ranking for 2020
Food and beverage enterprises dominate the FAST500 ranking of enterprises for 2020 compiled by Vietnam Report (VNR).
US economy may enter a severe recession
Officials are worried about the “substantial likelihood” that there could be more outbreaks of the coronavirus, which could lead to a long and severe recession for the US economy.
Nikkei: Panasonic to retreat its plant from Thailand shifting to Vietnam
Nikkei Asian Review has learned that Panasonic, the Japanese multinational electronics, is planning its appliance factory basing near Bangkok Thailand to a larger one in Vietnam for better efficiency.
Vietnam to further enhance trade with India
Việt Nam has a lot of potential to export goods to India, one of the most populous countries in the world with nearly 1.4 billion people.
SBV provides license to 2 more intermediary payment services in Vietnam
The State Bank of Viet Nam (SBV) has issued licences to two non-banking organisations to provide intermediary payment services.
Vietnam credit growth forecasted to reach 9-10% in 2020
Credit growth would likely reach only 9-10 per cent this year against 13 per cent last year if the country’s infrastructure investment was good, experts forecast.
5 million made-in-Vietnam personal protective equipment arrives in New York
5 million made-in-Vietnam personal protective equipment (PPE) were handed over to the New York government last week.
Vietnam-EU trade agreement supports Vietnam's economy to recover from pandemic
The trade agreement with E.U. could boost Vietnam economy to recover from pandemic impacts by boosting trade and creating jobs, the government says.
Vietnam strengthens international cooperation for the marine economy's sustainable development
Prime Minister Nguyen Xuan Phuc has approved a project on strengthening international cooperation for sustainable development of Viet Nam’s maritime economy by 2030.
Ambassador: After COVID-19 rains, skies between Vietnam and RoK will be bright again
Korean Ambassador to Vietnam Park Noh-wan has written an article on the relationship between the Republic of Korea (RoK) and Vietnam. Following is the full text of the article.
Fresh regulations for temporary import and re-export goods in Vietnam
The Ministry of Industry and Trade issued Circular 09/2020/TT-BCT stipulating the roadmap for applying import – export border gate for temporary import and re-export goods, transshipment and depositing in bonded warehouses. From January 1, 2021, temporary import and re-export goods via land borders must follow regulations on designated border gates.
Promising future for mobile money in Vietnam
The Vietnam government is moving ahead with a plan to put mobile money into use to reduce social contact and cash circulation.
Vietnamese banks own assets valued US$ 522 billion
Total assets of credit institutions and foreign banks in Vietnam by the end of the first quarter of this year inched reached VND12.48 quadrillion (US$521.76 billion) compared to the end of last year.
Vietnam aims to have more than half of population to shop online by 2025
Viet Nam has set a target that the e-commerce industry would grow by 25 per cent per year to reach US$35 billion with more than half of the population shopping online by the end of 2025.
