vietnam economy

Update news vietnam economy

Vietnam to be among top growth performers again in 2021: HSBC

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).

VIETNAM BUSINESS NEWS JANUARY 8

Rice export turnover up 10% in 2020

High expectations laid out through fresh policy move

Three amended key laws on securities, enterprises, and investment have now come into force.

Cash flows to Vietnam, more young people start up businesses

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.

VIETNAM BUSINESS NEWS JANUARY 7

Handicrafts target $5 billion in export value by 2025

Party congress to highlight critical role of private sector

Vietnam’s development outlook is set to be formulated over the next few weeks when the 13th National Party Congress takes place in Hanoi, 

Billionaire businesspeople donate millions of dollars to local charities during COVID-19

Vietnamese businesspeople have donated billions of dong to charitable activities during the COVID-19 crisis.

Digitizing traditional markets – $10 billion potential

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.

After fast growth, domestically assembled cars face downtrend

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.

VIETNAM BUSINESS NEWS JANUARY 6

Agriculture sector targets US$62 billion in export revenue by 2030

Concerns for reform

A strategic advisory body on reform and development is essential in the transitional economy in Vietnam.

Fitch Solutions revises up Vietnam GDP growth forecast to 8.6% in 2021

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.

10 outstanding industry and trade events in 2020

The Ministry of Industry and Trade has announced 10 outstanding events that make their mark on the sector’s success in 2020.

Vietnam sets high GDP target in 2021 to make breakthroughs

Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.

Evaluating and estimating state budget to reduce deficit and increase efficiency

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.

Overcoming pandemic shocks, maintaining high growth rate, Vietnam is the ‘next Asian miracle’

Vietnam was among the countries gaining the highest GDP growth rates in 2020, which could serve as a launching pad for further growth.

Vietnam the world's next growth market: SeekingAlpha

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.

Gov't issues resolutions to develop socio-economy, improve business climate

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.

Aviation sector: trying to survive the storm of 2020

2020 was a disastrous year for the aviation and tourism industries, which were hit hard by the Covid-19 pandemic.

VIETNAM BUSINESS NEWS JANUARY 5

Business closure hits record high amid pandemic