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Update news vietnam economy
Officials, economic experts and academicians of Vietnam and Switzerland will examine opportunities to foster economic, trade and investment cooperation between the two countries at a joint forum due to take place in Zurich, Switzerland, on June 4.
The US has imposed additional tariffs on some more products, including electric vehicles, chips, semiconductor and lithium batteries, while maintaining the existing taxation on $300 billion worth of products from China.
Despite global complications and economic uncertainties, the Vietnamese economy is on the way to pre-pandemic levels, and many international organizations continue to appreciate the country’s growth prospects in 2024.
Vietnam’s economy received positive assessments from international experts, becoming one of the most attractive investment destinations in the region.
Several growth trends emerged in Vietnam’s investment landscape last year, including high-tech, Chinese investment, and cooperation with Japan.
Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.
The United States is considering recognizing Vietnam’s market economy status that will enable the local economy to elevate its role internationally, and remove barriers to trade cooperation and investment attraction.
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
Vietnam's economy has gone through one-third of the 2024 yearly plan and achieved some remarkable results, showing clear recovery momentum through the growth of important pillars.
Resolution No. 43/2022/QH15 has yielded positive outcomes in supporting Vietnam's socio-economic recovery and development.
Exporting creative goods generates billions of dollars for Vietnam each year, but understanding of this economy is still in its very preliminary stages.
A number of international financiers have expressed their optimism about Vietnam’s economic growth in 2024 which is likely to be higher than last year’s figure.
Vietnam’s economy has a good start with a growth rate of 5.66 per cent in the first quarter of this year, the highest rate since 2020. However, whether the recovery is firm remains a question.
Vietnam's ineligibility for ADB's Asian Development Fund (ADF) 14 is a positive indication for the country, given its already high income level, said Tomuyuki Kymura, Head of the bank's Strategy and Policy Department.
The Vietnamese economy is expected to carry momentum in the months to come after experiencing improvements in foreign direct investment (FDI) attraction, industrial production, and retail sales, among others, in the first four months of this year.
Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) rose back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March.
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.
Several industries such as garment, textile and seafood have all recorded impressive export growth over recent times, despite conflicts in various regions globally remaining complicated, heard a forum held on April 25.
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC on April 25.
Standard Chartered Bank has moved to lower Vietnam’s GDP growth forecast for the year to 6% from the previous figure of 6.7% due to lower-than-expected growth in the first quarter of the year and global trade headwinds.