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.

Despite a five-year high in first-half consumer price index, Vietnam is expected to bring inflation under control this year due to feeble demand for production and consumption, as well as shrunken demand in global markets.

The World Bank Group and the Australian Government have agreed to extend their strategic partnership in Vietnam with a commitment of a further AUD5 million (US$3.43 million) to support Vietnam’s economic recovery

ASEAN member states are aiming to enhance supply chain resilience, improving connectivity and the free flow of goods by minimising trade restrictiveness, particularly non-tariff measures.

Tourism and culture minister Nguyen Ngoc Thien encourages people to go on travelling within the country as a key means to boost the ailing sector due to the COVID-19 pandemic and a “foundation” to economic recovery. 

Minister of Industry and Trade Tran Tuan Anh informed the press on the outcomes of two special virtual meetings of ASEAN on responding to the COVID-19 pandemic that Vietnam hosted on June 4, as Chair of the ASEAN in 2020.

Governments in Asia and the Pacific must think about two things when restarting their economies: when to do it and how.

In order to revive an economy left undermined by the fight against the coronavirus outbreak, what matters most to Vietnam is taking advantage of its current potential and seizing new opportunities to bolster growth.

S&P Global Ratings has announced it has retained Vietnam’s sovereign credit rating at BB, with a stable outlook, according to the Ministry of Finance.

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.

The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery, in a document submitted to the Government.