vietnam economy

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Vietnam needs 'reverse thinking' to turn challenges into opportunities

To overcome challenges, it is necessary to take unprecedented action to create other development structures. This is an opportunity for both local governments and businesses.

Why is the purchasing power of US$1 in VN higher than in the US?

In Vietnam’s official documents, there are publications about the GDP Nominal, but no publication about the GDP PPP (purchasing power parity).

Vietnamese economy proceeding as predicted

Vietnam's GDP in the first quarter of 2024 will grow by around 5.5% as predicted, according to experts and thinktanks.

Vietnam bucks trend of global economic freedom decline: US news site

While economic freedom is declining around the world, Vietnam is bucking the general trend, with lot of work to do to join the ranks of economically free countries, said Rainer Zitelmann in his recent article published by Washington Examiner.

Vietnam remains one of globe's rising economies: Asian Insiders

The economy of Viet Nam is going though a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, noted Asia- wide consulting network Asian Insiders in a recent article.

PM urges enhancing credit access, absorption to fuel growth

Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.

Vietnamese economy making dynamic shift with robust growth: Hong Kong news site

The economy of Vietnam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by asianinsiders.com.

Vietnam continues to be ASEAN highlight

Recovering consumption and production in addition to stronger global goods demand are expected to help Vietnam achieve the highest growth in ASEAN this year.

VN needs to complete legal system for sustainable development of key industries

The current legal system does not have specific regulations on identifying key industries as well as specific policies to promote the development of these industries.

Scholar analyses why US should recognise Vietnam as market economy

The newly elevated relationship between VN and the US to the comprehensive strategic partnership not only deepens the two countries’ diplomatic relations but translates as an opportunity for Washington to upgrade VN's recognition as a market economy.

Vietnamese economy forecast to expand at 5.5 % in Q1

The Vietnamese economy is forecast to expand at 5.5% in the first quarter of the year as manufacturing and trade regain momentum, according to the United Overseas Bank Limited (UOB).

Vietnam stands steady on the path towards prosperity

Vietnam has overcome obstacles in recent years, from the Covid-19 pandemic to upheavals in the country and world, to gain encouraging achievements in economic development.

Vietnamese GDP size hits over US$430 billion in 2023

Vietnam’s gross domestic product (GDP) size was estimated at US$433.3 billion in 2023, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Vietnamese GDP size ranks fifth in Southeast Asia

Vietnam’s gross domestic product (GDP) size last year was estimated to stand at about US$433.3 billion, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Vietnam needs non-traditional reforms to create new momentum

Overcoming Covid-19 and long-lasting difficulties caused by the pandemic, Vietnam’s businesses have once again shown resilience.

Recovery becomes more broad-based in Vietnam: HSBC report

There are signs that the recovery is becoming more broad-based in Viet Nam, with marginal improvements in sectors like textiles and footwear, as well as machinery, highlighted HSBC in its report Viet Nam at a glance released on March 7.

High and quality growth key to breaking out middle-income trap

The current robust development of digital technology, including artificial intelligence, has been providing Vietnam's economy with ample opportunities for growth, improved competitiveness, quality of products and services and production.

Vietnamese businesses suggested taking advantage of global supply chain shifts

Domestic enterprises are suggested taking advantage of global supply chain shifts as Việt Nam is emerging as an attractive investment destination for global investors.

VN looks to remain a strong competitor for global FDI

Vietnam remained an exception in attracting Foreign Direct Investment (FDI) on the global and regional scale last year. The Southeast Asian economy was also expected to attract a large amount of FDI this year, said economists and analysts.

More policy rate cuts forecast in 2024 to support economic growth

Expansionary fiscal and loose monetary policies could be extended for another year when growth is considered a top priority, analysts noted.