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.
Economy
Vietnam's Investment Environment Attractive to Chinese Businesses
In 2023, China ranks 4th among countries and territories investing in Vietnam, with a total of more than US$3 billion, leading in the number of new investment projects.
Vietnam cooperate with Japan to investigate on bribery and tax evasion related to Tenma
The Vietnamese authorities are cooperating with Japanese parties on the investigation of a Japanese company allegedly paying bribes to Vietnamese tax inspectors to avoid tax duties, said General To Lam, Minister of Public Security.
Vietnam calls for new road and bridge projects in a bid
Vietnam is pushing ahead with a series of road, highway and bridge projects that will improve the country’s transport network.
Vietnam's petroleum market flourishes and World oil prices increase
An increase in world oil prices and the increased demand for oil consumption boost Vietnam’s oil market after easing the social distance caused by the coronavirus.
Vietnam planning to resume international routes
The Ministry of Transport has asked the Aviation Department to develop a plan to gradually loosen the entry and re-connect some international routes, for submission to the Prime Minister.
Vietnam vs Indonesia: Who may win the favor of foreign manufacturers shifting from China?
"Indonesia is encountering the fact that it is incapable of competing with its neighbor, Vietnam, and is lagging behind in several fields, including foreign investment and export", says CNBC.
Vietnam shrimp exports head to increase in May amid Covid-19 pandemic
Vietnam shrimp exports in April experienced an increase of 5.8% to US$244.2 million, boosting the total export turnover during the opening four months of the year by 2.9% on-year to US$872.8 million, while shrimp exports are expected to continue their growth into May, according to Vietnam Association of Seafood Exporters and Producers.
Ministry of Finance proposes to reduce corporate income tax by 30% for small and micro businesses
The Ministry of Finance has proposed that the Government reduce corporate income tax by 30% for small and micro enterprises in 2020 to help them overcome difficulties caused by the Covid-19 pandemic.
Vietnam enterprises ready to take advantage of EU market under EVFTA
Vietnamese enterprises’ awareness of EVFTA has been heightened significantly, and they have prepared to grab business opportunities and find a foothold in the supply chain.
Vietnam industrial property supply increases since firms leave China
Supply of ready-built factories and warehouses in southern Vietnam will increase by 28 percent this year to 2.7 million square meters.
Vietnamese government supports employees, small businesses and firms amid COVID-19
Financial assistance policies are issued by the Vietnamese Government to support employees, employers and small-sized enterprises to overcome the coronavirus pandemic.
EVFTA expected to bring 800,000 people out of poverty by 2030
The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4 percent and 12 percent, respectively, by 2030, and bring 100,000 to 800,000 people out of poverty, the Ministry of Industry and Trade (MoIT) has reported.
Vietnam demands investigation on alleged bribery of Japanese firm, Tenma
Vietnam Minister of Finance Dinh Tien Dung has ordered to set up an inspection team to investigate alleged bribery of Tenma Vietnam, a subsidiary of Japan’s plastic product maker Tenma Corporation to Vietnamese public officials.
Vietnam's footwear exports to U.S. market increase by 10% in Q1
Vietnam’s footwear and bag export value is forecast to reach 24 billion USD this year, maintaining a 2-digit increase. Footwear is one of the key export products of Viet Nam to the U.S. with export turnover in the first quarter of this year reaching US$1.56 billion, an increase of 10% compared to the same period last year.
Vietnam has 2 tycoons reappeared in Forbes list’s world richest billionaires
Forbes has recently announced its annual list of global billionaires. Vietnam has two tycoons reappeared on the list despite economic crisis due to the COVID-19.
Vietnam pharmaceutical companies enjoy good earnings in Q1
Pharmaceutical stocks have attracted investors since the outbreak of the disease due to rising need for medical equipment and drugs.
Robot Baristas Reinforce Social Distancing at South Korean Cafe 1
Just like you are in a movie: approaching a familiar coffee house, grab a cup of morning hot cappuccino with zero human-ing involved. Surprised? A South Korean cafe has found an innovative way of serving its customers during the coronavirus pandemic, with an efficient robot barista.
German media: Despite global crisis, Vietnam upbeat about economic recover
Foreign expert believed that Vietnam’s success in containing the COVID-19 is a turning point where Vietnam can join more sophisticated economies as Thailand and Korea.
Vietnam's lychees export to Singapore, US, Australia
The first batches of lychees were shipped from the northern province of Hai Duong, the country’s leading lychee grower, on May 25 to Singapore, the United States and Australia.
Vietnam’s economy likely to have V-shaped recovery after Covid-19
Saigon Securities Incorporated (SSI) believes that the highest probability for Vietnam's economy is a V-shaped recovery.
Vietnam has 5 representatives in the top retailers list in Southeast Asia
Vietnam has five representatives in the 2020 list of top 50 retailers in Southeast Asia compiled by British market research firm Euromonitor International.
