vietnam economy

Update news vietnam economy

Bankers say interest rates down, but businesses claim they are still high

Businesses say that commercial banks have not slashed lending interest rates as they have claimed. They still have to borrow money at an interest rate of 11.5 percent.

Vietnamese products seek to gain firm foothold in global supply chain

Vietnam is one of the world’s leading exporters of agricultural products and foods, although the proportion of its products directly exported to global distribution systems remains modest.

Pressure to achieve GDP growth of 6.5 per cent

Amidst the challenges in the US and EU markets, and a slower than expected recovery in China, Vietnam is facing more pressure to drive domestic growth.

FDI attraction, consumption, tourism silver linings of VN's H2 economic growth

Foreign direct investment (FDI) attraction, consumption, and tourism are considered silver linings in Vietnam’s economic growth in the coming months of this year, insiders said.

Global consumers cut spending, VN exporters lower export targets

High inflation has forced consumers around the world to tighten their purse strings. Vietnamese farmers and exporters are concerned that farm exports may not see growth this year.

Heavy tasks set up to reach growth goals

The government is placing prime priority on boosting economic growth via key drivers, with the business community set to get more assistance.

Vietnam eyes sustainable development of coastal cities

Currently, there are over 40 coastal cities across the country, including HCM City, Da Nang, Nha Trang, Vung Tau, Rach Gia, Phu Quoc.

Vietnam’s short-term economic outlook positive: PwC

Vietnam’s economic growth is projected to be still positive in the short term, according to the London-based audit service supplier PricewaterhouseCoopers (PwC).

National economy bouncing back: experts

Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.

Vietnam’s economy to see stronger growth in next two years: WB

The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025.

Vietnamese brand praised in the US, competes in high-end market

The first products exported by Viet Air Filters Manufacturing Corporation (VAF) to the US were the high-end Hepa H14, meeting European standards. The emails from customers to the company all contained the word "excellent".

Economic growth target kept unchanged for 2023: PM

The Government will not change the growth target of 6.5% for 2023 and strive to reach an economic expansion of about 9% in the rest of the year, stated Prime Minister Pham Minh Chinh at a cabinet meeting in Hanoi on August 5.

Vietnam’s macro-economy stays stable, inflation controlled: official

Vietnam’s marco-economic continues to stay stable and inflation is controlled Minister-Chairman of the Government Office Tran Van Son told a press conference following monthly cabinet meeting in Hanoi on August 5.

Search expands for investing options amid market uptick

The decline in deposit interest rates has prompted investors to explore alternative investment channels offering higher profits, as the stock market shows signs of recovery and specific segments of real estate prosper.

Vietnam’s GDP nearly doubles after decade of international integration

Vietnam’s Gross Domestic Product (GDP) has nearly doubled after 10 years of implementing the Resolution No. 22-NQ/TW, dated April 10, 2013 of the Politburo on international integration.

Positive economic outlook predicted for Vietnam in H2

International organisations and media have continued to make positive assessment of Vietnam’s economic recovery and outlook in the second half of 2023.

VN to step up efforts in building sustainable production and consumption

Sustainable resource management and the development of eco-friendly, reusable materials are crucial in building an innovative, circular economy in Vietnam.

Vietnam enterprises adapt to new global environment amid uncertainties

The face of the world has changed, posing many challenges but also bringing great opportunities. Vietnamese enterprises have been adapting to the new circumstances.

Vietnam to fuel economic growth with more interest rate cuts

Prime Minister Pham Minh Chinh has issued a directive aimed at fostering economic growth by further reducing interest rates and revising up the credit growth limit.

Reducing cost – Vietnamese businesses’ top priority: UOB study

Reducing cost is top priority for Vietnamese businesses as high inflation has affected 94% of businesses surveyed in 2022, according to a new study by the Singapore-based United Overseas Bank (UOB).