The Asian Development Bank (ADB) has made its GDP growth forecast for Vietnam in 2024, projecting the rate to remain at 6.0%, according to the Asian Development Outlook (ADO) released on December 13.

Multinational corporations are focusing on investing in manufacturing plants in countries such as India, Mexico, Brazil, which increases competitors in Việt Nam’s main export markets.

The regulation on capping enterprises’ loan costs that are considered lawful expenses when defining taxable income has hindered the development of businesses, according to the Vietnam Chamber of Commerce and Industry (VCCI).

Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB+', from 'BB', with the “Stable” outlook, the Ministry of Finance announced on December 8.

The Central Institute for Economic Management (CIEM) under the Ministry of Planning and Investment, has outlined three potential economic growth scenarios for 2024, with the highest GDP growth rate forecast at 6.5 percent.

November marks the third consecutive month of Viet Nam seeing export growth on a year-on-year basis, noted HSBC in its report Viet Nam at a glance released on December 6.

Enhancing national competitiveness and capacity of domestic enterprises is vital for VN to climb up the global value chain in the new context of globalisation, heard a workshop held by VN Institute for Economic and Policy Research.

Vietnam may record a GDP growth rate of 5.19% in 2023, lower than the 8.02% expansion last year but still higher than many other countries in the region and the world, the Central Institute for Economic Management (CIEM) predicted.

Vietnamese firms should use additional caution to avoid increasingly sophisticated scams in international trade, Deputy Director of the Vietnam Trade Promotion Agency Hoan Minh Chien said.

Vietnam is enjoying the fastest growth rate of digital economy in Southeast Asia this year, with its compound annual growth rate (CAGR) in the 2022-2023 period of 19 percent. The leading position will continue in the 2023-2025 time.

Vietnam targets 6-6.5% growth in gross domestic product (GDP) and 4,700-4,730 USD in per capita income in 2024, according to a newly-approved National Assembly (NA) resolution.

More than 100 countries and jurisdictions joined the framework, including VN, many of which start to adopt the global minimum tax from the...

The US has officially initiated the changed circumstances review (CCR) to recognize Vietnam as a market economy. The Ministry of Industry and Trade (MOIT) said this is good news which will bring great advantages to the country.

Enterprises are in critical need for more support, with a reduction of taxes and fees proposed to be lengthened until the middle of next year.

Vietnam’s socioeconomic development path for 2024 has taken shape, with a need to devise more schemes to boost industrial production and improve domestic consumption given global ongoing economic difficulties undermining the country’s exports.

Economic complexities have caused a reduction in Vietnam’s state budget revenues so far this year, with an expansion in expenditure largely induced by a rise in public investment disbursement.

Enterprises are in critical need for more support, with a reduction of taxes and fees proposed to be lengthened until the middle of next year.

Vietnam remains the fastest growing digital economy in Southeast Asia for a second year in a row.

Less positive business results in the nine months of 2023 have caused many businesses to lower their whole year’s target, with some even expecting losses.

Vietnam has changed its mindset from ‘agricultural production’ to an ‘agricultural economy’ with an aim to create a highly competitive merchandise-producing agriculture, National Assembly deputies said at the ongoing National Assembly session.