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Update news global economy

2021 GDP to grow 6.72 pct. in optimistic scenario: NCIF

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.

Enacting long-term reforms for strong economic recovery

As the global economy is still mostly struggling with the health crisis, the start in 2021 is overshadowed by the hurdles of the previous year. Nevertheless, Vietnam may regain traction in economic growth.

Top 10 issues that defined the global economy in 2020

The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. 

Global economy will suffer for 'years to come' says OECD

OECD boss Angel Gurría says the economic shock is already bigger than the financial crisis

COVID-19 casts shadow on global economy

The COVID-19 epidemic has spread worldwide and affected every corner of the global economy. It is causing lost revenues, breaking supply chains, and slashing billions of dollars from the global GDP.

Sustainable infrastructure investment speeds up growth in Vietnam

Sustainable infrastructure investments are becoming the norm and enabling stable economic and social growth in Vietnam, Nirukt Sapru, CEO, Vietnam and ASEAN & South Asia Cluster Markets at Standard Chartered Bank.

Prime Minister Phuc joins activities at 14th G20 Summit

Prime Minister Nguyen Xuan Phuc has attended several sessions during the 14th G20 Summit that opened in Osaka, Japan, on June 28.

Vietnam treasures peace, stability: Deputy PM Pham Binh Minh

Vietnam always treasures peace and stability, said Deputy Prime Minister and Foreign Minister Pham Binh Minh while addressing the 25th International Conference on the Future of Asia in Tokyo, Japan, on Thursday.

Market confidence to drive Vietnam economic growth in 2019

Vu Viet Ngoan, head of the Prime Minister’s Economic Advisory Team, talks to Thời báo kinh tế Việt Nam about how the country can maintain its strong growth in 2019 and the next few years with internal strengths.

A new moon rising alongside a gold star

There is a perfect storm brewing for Vietnam in the coming fortnight as family and friends come together for their annual celebrative binge of being Vietnamese for the lunar new year festival, called Tet.

Opening ceremony of 29th APEC Ministerial Meeting held

 VietNamNet Bridge – APEC continues to prove its ability to adapt, to transform and to lead, said Vietnamese Deputy Prime Minister and Chair of 2017 APEC National Committee, Pham Binh Minh.

Private sector the key driver of Vietnam’s growth

John Hawksworth, chief economist for PriceWaterhouseCoopers in the UK, recently came to Vietnam to attend an APEC-related meeting as speaker. The Saigon Times Daily spoke with him about his views ...

Investors look to global growth for earnings power

America First may be a main policy of the White House and fuel to the stock market rally but U.S. investors are looking overseas for stronger earnings as S&P 500 companies are set to report their first quarter of double-digit profit gains

Smoking costs $1 trillion, soon to kill 8 million a year: WHO/NCI study

 Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published

Fed seen holding rates steady as it faces fine balancing act

 The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head.

Private sector must innovate to compete

 VietNamNet Bridge – Private firms should be more dynamic in developing linkages and production chains to sharpen competitive edges as the country was underway to integrate deeply into the global economy.

China lets yuan fall faster, share trading suspended as prices tumble

 China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling as investors feared the Asian giant could trigger competitive currency devaluations from trading partners.

Asian shares rally as positive US close boosts confidence

 Asian shares traded higher on Tuesday, recovering from Monday's losses, as Wall Street's positive close boosted investor confidence.

Central bank can manage exchange rates, expert

 VietNamNet Bridge – Viet Nam's foreign exchange policies are impacted by outside factors, especially the exchange and interest rates in large economics around the world.

US Federal Reserve refrains from interest rate rise

 The Federal Reserve has decided to keep US interest rates unchanged after its latest meeting.