vietnam economy

Update news vietnam economy

Overcoming supply chain woes could boost Vietnamese economy by $1.9 billion

TMX Global has reported that recent challenges in the supply chain sector have set the national economy back by a staggering $1.9 billion annually.

Global pressures still apparent in mission to stabilise economy

Despite a state budget surplus in the first four months of this year, economic difficulties have put a dent in government revenues, with income falling across all sectors.

Standard Chartered revises 2023 growth forecast down to 6.5%

In its latest macro-economic update on Vietnam, Standard Chartered Bank lowered the country’s 2023 GDP growth forecast to 6.5 per cent from the previous 7.2 per cent and became more cautious on the external front.

Government asked to explain EVN’s VND26 trillion loss

The NA's Economics Committee has asked the government to specify the major reasons behind the VND26.2 trillion loss incurred by Electricity of Vietnam (EVN) in 2022 and draw up solutions to fix the problems in the electricity pricing scheme.

Despite problems, businesses target record-high revenue for 2023

In the current challenging situation, Vietnamese enterprises are optimistic about economic performance in 2023, projecting revenue of trillions of VND.

Time for debt restructuring

One of the greatest concerns at the moment is the “time bomb” called corporate bonds, which may also affect the credit quality of the banking system.

Vietnam continues to face challenges in Q2/2023: HSBC

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

Vietnam wants private sector to become driving force for economic growth

Vietnam will focus on developing its private sector to turn it into an important driving force for the socialist-oriented market economy, contributing to rapid and sustainable socio-economic development and improving the economy's self-reliance.

How should Vietnam deal with a ‘lost decade’?

The World Bank has warned that the 2021-2030 period could be the "lost decade’" of the global economy. What will Vietnam choose to do in such a condition?

Key takeaways from PAPI 2022

PAPI 2022 shows people’s optimism about the economy despite the lingering concerns over the protracted impact of Covid-19.

Businesses need to prepare well to compete with foreign rivals

Business opportunities are being missed, project implementation is being delayed because of administrative procedures, and inspection tours are being regularly scheduled. This is weakening enterprises.

The challenge of creating the '2045 miracle'

After 40 years of reform, Vietnam still lacks private enterprises with international stature. This is a challenge for Vietnam to create the ‘2045 miracle’.

Number of new businesses up in January - April period

As many as 49,900 businesses were formed in the first four months the year nationwide, representing a rise of 0.6% against the same period from 2022, according to the General Statistics Office (GSO).

Businesses look for small jobs, workers try to glean every coin

Many businesses lack orders, and workers have had to cut spending amid financial difficulties. However, statistics agencies show reports with good figures.

Systemic weaknesses holding back impact of PSRD

The slow-paced implementation of a monetary policy is making it hard for the government to provide assistance for enterprises, cooperatives, and household businesses.

Facing a shortage of orders, enterprises struggle to maintain production

Lack of orders, production stagnation and layoffs are affecting many enterprises.

Disbursement of assistance to be bolstered for enterprises

The country’s hallmark socioeconomic recovery and development initiative must be accelerated as implementation continues to be too slow, the government has acknowledged.

Further tax support reflecting efforts to empower business

The government is continuing to fuel struggling business performance with a new fiscal initiative in an aim to reach its desired economic growth.

Vietnam launches national master plan for 2021-2030

The Vietnamese government on April 20 launched the National Master Plan for 2021-2030 with a vision to 2050, the first of its kind.

Top cities bear brunt of sluggish PCI

Global strife and lingering pandemic ramifications are pulling the competitiveness of some Vietnamese cities and provinces down, with foreign-invested firms still struggling with the burden of regulatory procedures.