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Update news vietnam economy
Nearly two months have passed since Ho Chi Minh City and 18 southern provinces have lifted lockdown measures and set up the "new normal", with the operations of people and enterprises gradually resuming.
Seeking capital to help recover production and business is not easy but it’s not the biggest difficulty, experts say. The tougher task is driving money “to the right addresses at the right time”.
All four ministers of economy-related fields were asked to answer inquiries at the last National Assembly session, a rare occurrence in Vietnam.
Foreign capital flows are not only poured into Vietnam through FDI projects but also through buying shares in leading companies in the country.
Government agencies are discussing how to launch a sufficiently large stimulus package to help the economy recover and develop after Covid-19. In the current context, is there room for this policy?
Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.
To ensure the quality of rubber, a representative of the Vietnam Rubber Association said that it is promoting the grant of the certification Vietnam Rubber.
Amid a protracted COVID-19 outbreak, socio-economic data in October showed the contraction has bottommed out and Vietnam's economy has made positive changes, the World Bank in Vietnam said.
Billions of dollars are pouring into the stock market each trading session as the prices of some stocks have reached historic peaks.
Some National Assembly (NA) deputies said that Vietnam should reconsider the GDP growth target of 6.5% in 2022 because the country needs a period of time for recovery.
The share price increases last week helped rich businesspeople become even richer.
The Prime Minister is taking a series of solutions to implement socio-economic recovery in 2022, including raising the GDP by 6 - 6.5% and maintaining the CPI at 4%, after the economy was seriously affected by Covid-19.
After several years using the World Bank Ease of Doing Business report as a measurement, Vietnam's business environment has made great strides.
After Ho Chi Minh City has reopened to operate in the new normal state for more than a month, the purchasing power has still dropped sharply compared to normal days.
The well-studied report with the combined efforts of domestic and foreign experts will enable Vietnam to have a long-term roadmap for the marine economy in the sustainable development strategy by 2030.
Some lots of real estate bonds issued under private offerings are expected to become due by the year end. The solvency of issuers amid the difficulties caused by Covid-19 remains questionable.
State budget allocation should prioritise poor localities with a high number of migrant workers, said Dr Nguyen Duc Thanh, director of the Vietnam Centre for Economic and Strategic Studies (VESS) at a seminar.
Vietnam is considering an unprecedented support package, including tax reductions, interest rate subsidies and cash to people. However, the package needs to be tailored to the economy’s size or it will cause “side effects”, an expert has said.
“I could not believe my eyes,” said Tran Thanh Son, head of the human resources department of Song Ngoc Garment Company when talking about the current busy production lines at his company.
After crises in the past, Vietnam’s economic growth became sluggish and it took many years to achieve full recovery. Economists have warned that this may occur again in the post-Covid period.