The ongoing health crisis has been taking a heavy toll on the Vietnamese economy.

The State Bank of Vietnam (SBV) will cut its policy rates starting from March 17 in an attempt to support the economy which has been hurt by the COVID-19 outbreak.

Vietnam’s GDP growth is expected to reach 6.25% this year if the outbreak of Covid-19 is contained within the first quarter, according to the Ministry of Planning and Investment.

The new coronavirus is estimated to shave 0.81 percentage points off Vietnam's annual GDP growth.

The pedestrian space around Hoan Kiem Lake and surrounding areas in downtown Hanoi will be put into operation from January 1, 2020, after three years of trial operation.

Chairwoman of the National Assembly Nguyen Thi Kim Ngan met with Belarusian Prime Minister Sergey Nikolayevich Rumas on December 13 as part of her ongoing official visit to the European country.

After revision, Vietnam’s GDP grew an average of 25.4% annually in the 2010 – 2017 period, in which 2011 recorded the highest growth rate of 27.3%.

Chairwoman of the National Assembly Nguyen Thi Kim Ngan met with Belarusian Prime Minister Sergey Nikolayevich Rumas on December 13 as part of her ongoing official visit to the European country.

The public capital must be allocated based on market principles, said an expert.

With a total market value of 4 billion USD back in 2015, e-commerce in Vietnam rose drastically to 7.8 billion USD in value in 2018, and is expected to continue on an upward trend.

JLL believed that the good sentiment will bring new experiences to customers.

Remittances, along with foreign direct and indirect investment, and official development assistance are major sources of Vietnam’s foreign currency supply.

Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.

Vietnam is on track to reach its 6.6-6.8 percent growth target this year. However, the country needs to remain cautious about external risks.

The Vietnamese government has taken actions to tap the US$4.5-trillion market potential generated by circular economy, said an expert.

While the expansion of asset yields becomes more limited as the transition towards retail lending slows down and competition intensifies, the control of funding costs serves as a driver of interest income growth.

Hundreds of fine art works designed to be used in daily life such as interior decor and fashion are on display at an exhibition in Hanoi.

The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar.

Fading external demand and a weaker global outlook serve as the primary concerns for Vietnam’s export-reliant economy.