Economy

Update news Economy

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

Vietnam ready for swift actions to boost economy

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

Central bank cuts interest rates to buffer COVID-19 impact

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 economy to expand 6.25% if coronavirus outbreak ends in Q1

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.

 

Vietnam to feel bad economic contagion of coronavirus: ANZ

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

Pedestrian space around Hoan Kiem Lake to be officially operational

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.

VN top legislator meets with Belarusian Prime Minister

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.

Vietnam 2017 GDP expands US$56 billion after revision

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%.

Top legislator meets with Belarusian Prime Minister

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.

Efficient resource utilization may help Vietnam GDP grow 9-10%

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

E-commerce expected to boom in Vietnam

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.

International developers eye Hanoi retail market: JLL

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

Vietnam projected to be among world’s top 10 remittance recipients in 2019

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

Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher

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 to hit 2019 growth target early

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.

Circular economy deemed optimal solution for Vietnam towards green economy

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

Vietnam’s banks urged to maintain CASA ratio to control funding costs

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.

From everyday use to fine art

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.

Vietnam steps up fight against dollarization

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.

Properly managing relationship with US crucial for Vietnam: Moody’s

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