vietnam economy

Update news vietnam economy

Economists warn of stagflation because of COVID-19

Vietnam needs to keep inflation and interest rates at low levels, stabilize the exchange rate, accelerate public investments, and improve the investment environment, economists say.

Can Vietnamese startups rise up after painful failures?

A series of startups have stopped operation within a short period. Will startups still have opportunities to attract capital from investors?

EVFTA’s openness poses challenges for Vietnamese retailers

Even as the European Union-Vietnam Free Trade Agreement (EVFTA), which will take effect from August 1, 2020, promises to bring about tremendous opportunities for businesses and consumers of both sides, 

Vietnam hopes to earn tens of billions of USD from EVFTA implementation

Vietnam will be able to reap fruit from the EVFTA if it can improve the legal framework and enhance implementation capability.

Signs of economic growth recovery

One month after the easing of social distancing measures, many economic sectors have prospered, while some others have shortened their steps of decline. 

Yellow card causes big losses to Vietnam’s seafood exports to EU

The average loss for each container of shipments to the EU due to the EC’s yellow card is 10,000 euros, according to a source.

Retail, both online and offline, expected to recover strongly after Covid-19

Despite the epidemic, the Vietnamese retail market in Q1 saw positive signs from e-commerce, online shopping, and delivery services.

Supporting industries at a crossroads

The foreign capital inflow into Vietnam will help local enterprises expand their production, but the opportunity can only be grabbed by capable enterprises.

Experts see golden opportunities for Vietnam as the US’s preferred partner

Vietnam needs to grab opportunities to reduce its trade surplus with the US.

Auto manufacturers manage to retain workers

While automobile manufacturers in the world have laid off workers in large quantities to reduce operation costs during the Covid-19 crisis, automobile joint ventures in Vietnam have retained their workforce.

Ministries consider plans to resume international air routes

Airlines have been ready to fly internationally for two months and will provide the first post-Covid-19 flights as soon as they get the nod from the government.

Businesses can't access loans, banks see slow credit growth

Businesses are expecting interest rates to continue to fall, while banks’ credit growth continues to stand still or declines because of low credit demand.

Vietnam Airlines wants $0.52 billion in preferential loans to overcome effects from pandemic

The State Capital Management Committee at Enterprises (SCMC) has asked the state to lend VND12 trillion to Vietnam Airlines for at least three years to help it survive the pandemic.

Pepper prices become unstable due to faulty information

Pepper prices unexpectedly fluctuated on confusing information, placing difficulties for export.

VN aviation industry's slowdown to affect public debt

The debts incurred by enterprises in the aviation industry, due in 2020, if not payable, will have a big impact on public debt.

E-commerce top players shrink to three

The e-commerce market is expected to witness competition between Tiki-Sendo, Shopee and Lazada, after Tiki and Sendo join under the same roof, slated for this year.

Private equity funds still interested in Vietnam

Despite the Covid-19 crisis, more private equity funds have been seeking ways to enter Vietnam as investors see bright prospects in the long term.

VN condotel market: how long will the hibernation period last?

With the number of foreign travelers decreasing sharply and legal problems remaining unsettled, the condotel market is the 'darkest' part of the real estate market.

Clever Group president: WeFit may be first of startup bankruptcies in 2020

During Covid-19, investors become hesitant to pour capital into the economy in general and startups in particular. The startups living on fund raising will not be able to survive, according to Clever Group president Nguyen Khanh Trinh.

Covid-19 changes how Vietnamese shop

Instead of going to traditional markets or supermarkets for essential goods, more Vietnamese are buying things online.