vietnam economy

Update news vietnam economy

Saigon Hi-Tech Park asserts its value

Saigon Hi-Tech Park (SHTP) has become one of the ideal destinations for high-tech investors through the presence of the world's leading multinational technology corporations, such as Intel (US), Nidec (Japan), Sanofi (France), and Datalogic (Italy). 

Resolution sets major tasks and solutions for recovery

The Vietnamese Government has made great efforts to recover the country’s economic growth, with key tasks as defined in Resolution No.02/ND-CP.

New-generation FTAs represent growth drivers for Vietnamese exports in 2022

The effective implementation of new-generation free trade agreements (FTAs) can considered as the driving force behind fulfilling the export target of over US$356 billion set for this year.

Vietnam targets 2.1 million enterprises, 70 with capitalized value over US$1 billion

The Ministry of Planning and Investment is working on a resolution to support and develop Vietnamese businesses for the period of 2021-2025, replacing Resolution No. 35/NQ-CP dated May 16, 2016.

 

Businesses focus on omnichannel, diversification and employees to grow after pandemic: study

Business leaders in Southeast Asia are set to build back better by investing in a robust omnichannel approach, diversifying their supply chains, and...

Will the local economy recover in 2022?

Economists predict that the local economy will recover and regain its growth momentum in 2022 thanks to the macroeconomic stability it maintained in 2021.

 

January’s CPI inches up over high consumer demand for Tet

Vietnam’s consumer price index (CPI) in January edged up by 0.19% month-on-month, fueled by high consumer demand for the upcoming Lunar New Year or Tet, according to the General Statistics Office.

Vietnam’s startup market expected to continue booming in 2022

Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in2022, according to a report by venture capital firm Golden Gate.

Vietnam likely to get better rating position in future: expert

Vietnam is the only country in the Association of Southeast Asian Nations (ASEAN) in the ‘BB’ rating category to gain positive rating momentum in 2021 and this is a reflection of the country's economic strength and resilience.

Rice-shrimp production has good harvest, high prices

Farmers in the Ca Mau peninsula are delighted as they enjoy a bumper rice crop on shrimp farming land.

Vietnam's manufacturing output growth quickens to nine-month high

Firms are increasingly confident about the year-ahead outlook.

Vietnam’s goal of having 1 million enterprises still far away

Expectations to transform business households into companies have been unsuccessful as most households did not want to officially become companies. The goal to have 1 million businesses by the end of 2020, thus, was not met.

 

S.Korean firms keen to enhance investment in HCMC

Many South Korean enterprises have chosen HCMC as a destination to develop their business and will increase their investment in the city in the coming years, said South Korean Ambassador to Vietnam Park Noh Wan.

Vietnam striving to regain foothold for pepper industry

Vietnam is seeking ways to revive the billion-dollar pepper industry which has been struggling against unfavourable weather conditions and the COVID-19 pandemic for over the last several years.

US-Vietnam trade turnover hits more than US$111 billion in 2021

Trade has become a pillar of the growing bilateral relationship between the two countries.

Business stories: life sentence confirmed for businessman, Vinasun boss resigns

Tan Hoang Minh withdrew from the Thu Thiem land auction; a life sentence was upheld for Tran Phuong Binh, former CEO of Dong A Bank; and Vinasun’s boss resigned. These were the most outstanding stories last week.

Low growth, high budget revenue and signals for 2022

The data announced by the General Statistics Office in late 2021 described Vietnam’s economic picture in a turbulent year surrounded by the pandemic, the fear of disruption of supply chains, and the confidence of the business community.

More capital flows come to economic, industrial parks in 2021

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite COVID-19 pandemic, up 15 percent annually.

No credit granted to four Thu Thiem land auction winners

Commercial banks do not grant credit to four real estate businesses that won the auction of land use rights in the new urban area.

Some scenarios for coffee prices in 2022

Over the past two years, whilst the Covid-19 pandemic was raging over economies, coffee prices on both the derivatives market and domestic market have taken great strides.