vietnam economy

Update news vietnam economy

Huge challenges ahead for economic growth amid COVID-19 outbreak

The COVID-19 outbreaks in Ho Chi Minh City and many southern provinces are destroying the "health" of local businesses and hindering economic recovery,

HCM City enterprises maintain production during pandemic

Flexibility in building a production model from "3 on-site" to "2.5 on the spot" will create conditions for businesses in HCM City to maintain operations during the epidemic.

Vaccination pace to determine economic recovery level

The economic outlook in the second half of the year heavily depends on the vaccination program pace and scale, and the measures to fight Covid-19.

Land fever falls flat, prices fall

The Ministry of Construction said that the real estate market is under control and stable. Land prices have decreased by 10-20 percent.

NA Deputy complains about ‘ask-and-grant’ in public investment activities

Some officials tasked to allocate public investment capital give themselves the right to "grant favors" to agencies and businesses.

VN is like a living organism that mustn’t be cut apart because of pandemic

How to organize social distancing while still ensuring uninterrupted production and goods circulation is uppermost in agencies' thoughts.

Digital transformation and the future of Vietnamese enterprises

Digital transformation has a failure rate of 70% but without digital transformation, failure is 100%.

Economic Times says VN to benefit from COVID-19 supply chain rethink

Stable economic growth has made Viet Nam an attractive destination for foreign investors particularly amid current changes in the global supply...

New Covid-19 situation, new behavior

In the new situation, social distancing may cover almost the whole country, affecting tens of millions of people and hundreds of thousands of businesses, and the supply chain of the whole country or at least a large economic area will be broken.

Standard Chartered revises forecast for Vietnam down

Standard Chartered has lowered its growth forecast for Vietnam for 2021 from 6.7 per cent to 6.5 per cent.

Vietnam needs to anticipate 'bad scenarios to avoid the worst': economist

The Covid-19 outbreak in HCM City and neighboring provinces is threatening the livelihoods of people and disrupting production and business chains.

ADB lowers Vietnamese growth forecast for 2021 to 5.8%

The Asian Development Bank (ADB) has just released its growth forecast for the year, with Vietnam’s growth revised down to 5.8% from the previous figure of 6.7% put forward in April.

Making public investment a driving force of Vietnam’s economy

Public investment will focus on important and key industries and sectors of the economy, of which economic sectors account for more than 71%.

The key to growth and the danger of the low-value trap

Vietnam’s GDP growth rate in the first half of 2021 stood at 5.64% which surprised many people.

Major transport projects to get underway this year, others to be completed

The Ministry of Transport plans to begin work on nine major infrastructure projects in the south this year to reduce traffic congestion and improve connectivity.

Support for businesses vital for economic recovery

During the current ongoing Covid-19 pandemic, it is of utmost importance that government authorities introduce policies that provide maximum support to keep businesses afloat, and sustain the economy as well.

Many hotels in HCMC increase room capacity

Many hotel owners in Ho Chi Minh City yesterday said that the number of booked hotel rooms has increased from 10 percent to 20 percent.

Hanoi targets GRDP growth up to 7.5% in 2021

Hanoi will take advantage of a shift in investment capital worldwide to attract foreign direct investment into the city.

ASEAN, Czech Republic look to standardise customs procedures

The Association of Southeast Asia Nations (ASEAN) Committee in coordination with the Customs Administration of the Czech Republic has held a webinar to introduce the electronic customs of the European country.

Vietnam moving out of the epidemic more slowly than others, needs new policies

Prime Minister Pham Minh Chinh affirmed that Vietnam’s development goals have not changed and agreed with the two GDP growth scenarios for 2021 developed by the Ministry of Planning and Investment.