Latest News about economic recovery
Data shows that industrial production index in the first five months of the year advanced 9.9 percent year-on-year, with manufacturing and processing up 12.6 percent.
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Asian economies, hit hard by the coronavirus pandemic, are expected to recover this year with the help of COVID-19 vaccine rollouts,
In line with the global vaccine visa drive, Vietnam’s latest move to complete technical infrastructure for the availability of such a travel document in April is expected to revive industries, heralding strong economic recovery ahead.
The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.
Economic recovery and stimulation measures during the ongoing pandemic, along with corruption in the Party ranks and efforts to streamline the State apparatus are among the main concerns of voters, according to the Vietnam Fatherland Front.
Vietnam’s economy has undergone a lot of changes during one year since the first case of COVID-19 was detected in the country in January, 2020,
The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72 percent and CPI of 4.2 percent under an optimistic scenario.
After a decade of stable growth, the central region's tourism and services triangle of Thua Thien-Hue Province, Da Nang City and Quang Nam Province faced poor growth in 2020 due to the COVID-19 pandemic.
The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government.
COVID-19 has significantly affected the consumer behaviour of people of all socioeconomic groups in Vietnam. Now businesses looking for future growth and investment opportunities are urged to upskill or reskill in line with new trends and demands.
The government is formulating its new economic growth goal for the next five years, amid its struggle against the health crisis and natural calamities undermining its efforts to reach targets.
Despite the aftermath of the global health crisis in Vietnam, an optimistic growth scenario is formulated for the next year, with proposals for heavy investment in infrastructure and practical support for the private sector
Nations have closed borders, economies are isolated, and supply chains are fragmented. And Vietnam's economy is no exception.
The Ministry of Planning and Investment is currently working on possible scenarios for the upcoming period amid the ongoing developments of the global health crisis.
Deputy Minister of Foreign Affairs Nguyen Quoc Dung, head of Vietnam’s SOM ASEAN, attended an online high-level dialogue on ASEAN’s recovery post-COVID-19 on July 30.
The complicated progression of Covid-19 in Danang has dealt a blow to the city’s efforts to grow its economy this year and may drag Vietnam's economic recovery.
The Ministry of Investment and Trade noted that though the export turnover of the processing industry could not regain the strength it had before Covid-19, the recovery was very clear.
Vietnam could expect the strong growth of recent years to return next year, and will likely see its position as an offshoring location reinforced once the global economy begins to recover, as assessed by the Mckinsey & Company.