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Update news vietnam economy
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Three amended key laws on securities, enterprises, and investment have now come into force.
The Covid-19 pandemic has disrupted investment flow into Vietnam’s startups, but for venture funds, Vietnam is still considered a priority market in Southeast Asia in 2021.
Handicrafts target $5 billion in export value by 2025
Vietnam’s development outlook is set to be formulated over the next few weeks when the 13th National Party Congress takes place in Hanoi,
Vietnamese businesspeople have donated billions of dong to charitable activities during the COVID-19 crisis.
Traditional markets and groceries still hold the largest share of the consumer retail market, but new business models are scrambling for a piece of the pie.
The year 2020 witnessed many ups and downs of the car market. In H1, demand dropped dramatically because of Covid-19, but in H2, cars sold well thanks to the preferential vehicle registration tax.
Agriculture sector targets US$62 billion in export revenue by 2030
A strategic advisory body on reform and development is essential in the transitional economy in Vietnam.
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.
The Ministry of Industry and Trade has announced 10 outstanding events that make their mark on the sector’s success in 2020.
Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.
According to Minister of Finance Dinh Tien Dung’s latest report delivered recently at the National Assembly (NA), Vietnam achieved most of its financial goals in the last four years, including for 2020.
Vietnam was among the countries gaining the highest GDP growth rates in 2020, which could serve as a launching pad for further growth.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move.
The Government is determined to take drastic measures to realise the socio-economic development plan, better business climate, as well as improve national competitive capacity in 2021 through the issuance of Resolutions No.01/NQ-CP and 02/NQ-CP.
2020 was a disastrous year for the aviation and tourism industries, which were hit hard by the Covid-19 pandemic.