vietnam economy

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VIETNAM BUSINESS NEWS JANUARY 24

RCEP helps Vietnamese agricultural products reach out to the world

Steel mogul lives secluded life, but still makes important decisions for Hoa Sen

Le Phuoc Vu, president of Hoa Sen Group, a large steel sheet manufacturer, continues to lead a secluded life on a mountain. However, he continues to make important decisions for Hoa Sen, which had an impressive business performance in 2020.

VIETNAM BUSINESS NEWS JANUARY 23

Bird's nest exports set to soar in coming years

Vietnam – one of fastest growing economies: WB

Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB).

Luxury car prices fall, sales improve

The sales of luxury models in 2020 saw a slight decrease compared with 2019, but the market segment did not bear heavy impact from the pandemic. Wealthy people still spent money on luxury cars and the market was still bustling.

VIETNAM BUSINESS NEWS JANUARY 22

CBRE: HCM City among top preferred cities for cross-border investments in Asia-Pacific

VIETNAM BUSINESS NEWS JANUARY 21

Two wind power plants to be built in Tien Giang province

Despite imports from Thailand, pork prices are still going up before Tet

More than 500,000 pigs have been imported from Thailand since June 2020. However, the pork price has been rising to VND78,000-85,000 per kilogram in the lead-up to the Tet holiday.

Stock market plummets, $10 billion lost

The Vietnamese stock market saw an unprecedented plunge on January 19. But panic did not occur.

VIETNAM BUSINESS NEWS JANUARY 20

Vietcombank provides $65 mln in credit to PV Gas pipeline project

Earning VND10 trillion within two months, 'boss Thuy' enters top list of billionaires

With VND10.7 trillion, Nguyen Duc Thuy, known as boss Thuy, will become the 12th richest stock billionaire. Two months ago, his stock assets were worth less than VND1 trillion.

GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, 

Unprecedented: Chinese car imports selling well in Vietnam

Chinese car brands made a breakthrough in 2020 when their cars began selling well in Vietnam, which had never before favored products from China.

Researchers warn of risks for Vietnam in 2021

The uncertainties of the global economy, the new Covid-19 mutation, and risks from lawsuits and trade remedies will have an impact on Vietnam’s economy in 2021, experts say.

BUSINESS NEWS JANUARY 19

Deputy Finance Minister calls for hastening of equitisation process

Highways open to traffic, clear the way to more development in Mekong Delta

A number of highways have opened to traffic recently in the Mekong Delta, which has a regional population of 20 million.

VIETNAM BUSINESS NEWS JANUARY 18

Vietnam to remain at centre of Asian supply chains: EIU

Vietnam seeks to avoid middle-income trap before time runs out and population ages

Vietnam has become richer, but it remains a lower middle-income country facing a risk of being left behind. It aims to become a high-income country by 2045.

Necessity sparks invention: new selling methods emerge during Covid-19

The pandemic has seriously affected many business fields, including retail. However, many retailers have maintained stable incomes thanks to their ability to adapt to new circumstances.

Difficulties still ahead for coffee sector: insiders

The export of coffee declined in both volume and value last year due to certain difficulties that are forecast to linger on for the time to come, insiders have said.