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’s T&T Group continues to import record huge amount of cashews from Côte d'Ivoire
After the unprecedentedly huge cashew nuts purchasing contract with Tanzania last year, T&T Group signed another contract with the Côte d'Ivoire government with the volume of 150,000 tons cashew equivalent to the entire one Côte d'Ivoire have possessed.
ASEAN market development signals a positive progress
As Vietnam witnesses total import-export turnover with ASEAN last year reaching USD 57.3 billion, representing a year-on-year rise of 1.1%, ASEAN has developed into Vietnam’s fourth largest export region, only behind the United States, the EU, and China.
Over 20,000 export enterprises are ready for EVFTA opportunities
More than 20,000 export enteprises in Ho Chi Minh City are fully prepared for the opportunities from EVFTA. They are ready to enjoy quick access to the EU market, the third largest export market of the southern economic hub.
EVFTA - a significant boost to Vietnam's economy 2
The EU - Vietnam Free Trade Agreement (EVFTA), which officially entered into force starting from August 1 is expected to be a significant impetus for Vietnam's exports to the EU, the second-largest import market in the world.
The Key to Successful Business Succession Planning - Uyen Phuong Tran
Regardless of what area of the world you examine, family-owned businesses are an integral part of the economy and society, Tran shares in this article of the key to successful business succession planning.
Vietnam's investment environment praised by Japanese
Foreign enterprises including Japanese lauded Vietnam as a safe and successful country for investors.
Gold Price Today August 1: continues to ascend after minor drop
Today on 1/8, gold prices in Asian market reversed to go up in the last trading session of July, recording the best month of increase in more than 8 years.
Vietnamese energy market considered much potential for development
With national demand for electricity growing by an estimated 10.6% in the 2016 to 2020 period, with further growth of 8.5% expected in the 2021 to 2025 period, and an additional 7% in the 2026 to 2030 period, the country is becoming an attractive market for both domestic and foreign energy investors, according to the VOV.
The largest oil field just discovered offshore Vietnam
Eni announces that its exploration well, Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has confirmed a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its potential.
Huawei surpassed Samsung to be the world's biggest smarphone brand
Huawei took over Samsung's first rank in smartphone market for the first time ever, released on Thursday.
Vietnam's exports slightly increased in the first 7 months of 2020
The General Statistics Office revealed that Vietnam exported goods worth a total US$145.8 billion in the first seven months of 2020, up by a slight 0.2% compared with the same period in 2019.
Commodities gained export value of over US$1 billion
According to the General Statistics Office, a total of 23 commodities have seen an export value of over US$1 billion during the opening seven months of 2020, accounting for 87% of Vietnam's total export turnover.
Vietnam's CPI up 0.4% in July
According to the General Statistics Office (GSO), Vietnam's consumer price index (CPI) in July grew by 0.4% against June and 3.39% year-on-year.
Vietnam's digital economy and e-commerce to grow sharply
In the first half of 2020, Vietnam's digital economy and e-commerce enjoyed a sharp growth rate of 25%, withstanding the wide-ranging impact of the Covid-19 pandemic.
Equitising state-owned enterprises to boost growth amidst COVID-19
The decision to propel divestment of Vietnamese state-owned enterprises in the second half of 2020 is welcome news to investors, according to an academic researcher.
Vietnam's agro-forestry-fishery exports reached US$3.4 billion in July
Vietnam's agro-forestry-fishery exports reached US$3.4 billion in July, up 4.6% from the previous month. Meanwhile, according to the Ministry of Agriculture and Rural Development (MARD), the sector recorded a trade surplus of approximately US$5.2 billion, an increase of 3.8% on-year.
Digital transformation offers more export opportunities to Vietnam
According to Deputy Minister of Industry and Trade Cao Quoc Hung, a shift to digital platforms is considered an effective means for businesses to enlarge export markets as Vietnam becomes more integrated into the global economy.
Vietnam's shrimp exports in the first six months up 5.7%
According to the Vietnam Association of Seafood Exporters and Producers, in the first half of 2020, shrimp exports were up 5.7 per cent, reaching US$1.5 billion despite COVID-19.
Vietnam's FDI attraction reaches over US$18.8 billion in the first 7 months
According to the Ministry of Planning and Investment, as of July 20, the total foreign direct investment reached 18.82 billion USD, equaling 93.1% over the same period in 2019.
Vietnamese factory's milk licensed to export to China
The Asia-Africa Market Department under the Ministry of Industry and Trade said that another Vietnamese factory has been granted with a transaction code to export dairy products to China.
