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.
Vietnam's public investment disbursement increases in July
In July, the disbursement of Vietnam's public investment sourced from the State budget reached its highest rate over the past five years.
EVFTA takes effect as a new landmark in Vietnam - EU relations
The European Union - Vietnam Free Trade Agreement (EVFTA) officially took effect on August 1, marking an important milestone in the bilateral relationship on the occasion of the 30th anniversary of Vietnam - EU diplomatic ties (1990-2020).
Vietnam and Chile expect to foster economic and trade cooperation
On August 4, Vietnam Deputy Minister of Industry and Trade Do Thang Hai held a virtual meeting with Chile Under-Secretary for International Economic Relations Rodrigo Yanez Benitez discussing ways to boost economic and trade cooperation between the two sides.
Algerians favor Vietnamese coffee, seafood and many other agricultural products
Algeria is a potential market for Vietnamese agricultural products, reported VGP citing the latest statistics of the Vietnamese trade office in Algeria.
Manufacturing down across South-East Asia, showed survey
South-East Asia's factory output slumped in July for a fifth consecutive month, according to the IHS Markit Purchasing Managers' Index published on Tuesday.
Japanese Government to continue assisting firms in diversifying supply chains in Vietnam
Half of the Japanese businesses that receive support from the Japan's Government to expand supply chains, have chosen Vietnam, and the Government will continue assisting firms in diversifying supply chain, said Japanese Prime Minister Shinzo Abe.
Vietnamese longans are expected to penetrate into demanding markets
The northern province of Hai Duong, Vietnam is anticipated to deliver a batch of 250 tonnes of longans to the European, Australian, and Singaporean markets during the harvest season this year, said the local authorities.
Vietnam's trade surplus in 7 months reached US$6.5 billion
In July, Vietnam enjoyed a trade surplus of estimated US$1 billion. This brought the trade surplus in 7 months to reach US$6.5 billion, much higher than last year's figure of US$1.98 billion recorded during the same period, according to the Import-Export Department under the Ministry of Industry and Trade.
Imported pork is conquering domestic market
According to statistics of the Department of Animal Health, volume of imported pork and related products reached of 93,248 tonnes during the opening seven months of the year, mainly from Canada, Germany, Brazil, Russia, and the US, increasing 223% against the same period last year.
Video: World Bank forecasts Vietnam's economic growth in 2020
The World Bank has recently forecasted Vietnam's economic growth. World Bank said Vietnam's economic growth will rank 5th in the world.
Vietnamese F&B businesses prepare for second round of social distancing
Although Vietnamese F&B businesses do not want social distancing to return in August, the experiences they used to have in April are helping them prepare for that.
VNPT succeeds 15 awards at Asia-Pacific Stevie Awards 2020
The Vietnam Posts and Telecommunications Group (VNPT) has won 15 awards, including three golds, three silvers, and nine bronzes at the Asia-Pacific Stevie Awards 2020.
Vietnamese government aims at socio-economic goals amid Covid-19 pandemic
On August 3, Prime Minister Nguyen Xuan Phuc hosted one-day regular cabinet meeting for July. In this meeting, the Vietnamese government discussed measures to fulfill socio-economic goals amidst the COVID-19 pandemic.
Vietnam economy expects to stay resolved to prevent negative economic growth
“We must stay calm and resolved to continue performing the dual tasks of containing COVID-19 and preventing economic fragility and negative growth.” said PM in the meeting on August 2.
Vietnamese startups still raise millions of US dollar during the pandemic
Despite COVID-19 pandemic, Vietnamese start-ups like Tiki, OnPoint still receives millions USD from foreign investors.
Vietnam's economic growth may reach about 7% in 2021
Prime Minister Nguyen Xuan Phuc has issued a new directive on the plan of socio-economic development and state budget estimate for 2021, with a target of about 7% of economic growth for the year.
Vietnam has seen 75,200 new firms register in 7 months
During the first seven months of 2020, Vietnam had more than 75,200 newly registered enteprises, a 5.1% decrease compared to the same period last year.
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.
