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.
E-commerce giants, Tiki and Sendo, reached a merger agreement
According to DealstreetAsia, Vietnam's e-commerce giants Tiki and Sendo have reached a merger agreement. The merger could pose a significant threat to regional counterparts Lazada and Shopee.
VN imported 20,000 pigs from Thailand for swine fever-hit herd rebuilding and record piglet price reduce
Viet Nam will import 20,000 breeding pigs from Thailand this year, as the country is seeking to rebuild its hog herd battered by an African swine-fever outbreak. Over the next four years, the industry is expected to import over 100,000 breeding pigs to repopulate the country's pig herd following the ASF outbreaks.
US-led trade network could strengthen Vietnam’s place in global supply chains
Vietnam can entrench itself in global supply chains if the U.S. forms a network of partners to reduce reliance on China, analysts said.
Vietnam's proposed growth taget in 2020: Ambitious but not unrealistic
Some economists have shared their opinions about Vietnam’s economic growth prospects with Germany's DW, a newspaper and TV channel as Vietnam Prime Minister Nguyen Xuan Phuc called for greater efforts to restart the national economy aiming to achieve a GDP growth rate of over 5% during a conference featuring both domestic and foreign attendants.
Cashless payment rising in Vietnam and its growth prospects
Cashless usage is stated to have increased by a Visa's study, and the number of e-payment in Vietnam is forecasted to grow by 2020 according to the Asian Post, which is the sign of digital payment development.
Vietnam companies achieved lower earnings in April
A number of listed companies have announced lower earnings in April after closing for half of the month.
Vietnam exports dropped sharply in May
The export of Vietnam in April has been strongly affected by the Covid-19 epidemic, after achieving a relatively high growth rate in the first quarter.
Vietnamese banks accelerated to go digital
The COVID-19 pandemic has caused a serious effect to the economy, but it has helped accelerate the race for banks to orient to digital transformation.
Vietnam property firms gear up for the post pandemic recovery
After a period of hibernation, in early May 2020, real estate businesses have started to return to the competitive race after Covid-19 pandemic at ease. It seems that the difficulty has passed with the real estate market.
Telecom and IT industry have potential for high growth in the next five years
Five sectors in Vietnam including telecoms, information and technology, clean agriculture, clean technologies, retail, healthcare and pharmaceuticals have potential for high growth in the next three years.
Vietnam labor market warm up as coronavirus recedes
Vietnam labor demand is rising as companies resume activities after a long hiatus caused by the coronavirus pandemic.
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.
