vietnam economy

Update news vietnam economy

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts.

Utilising every opportunity to grow and overcome challenges

That is the message and guideline of Minister of Planning and Investment Nguyen Chi Dung at the national conference on how to sustainably develop.

Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

Vietnam’s human resources and the fear of missing opportunities

The lack of many highly qualified human resources leads to low labor productivity, hindrances for production expansion, and meeting of customer demands, affecting overall business results.

Steep hills ahead for investors

Unprecedented global factors, rising interest rates, and inflation running record highs are hampering investors’ appetite, with those who seek higher yields pondering other novel investment channels.

Vietnam to benefit from large corporations’ capital relocations

Capital reallocation plans announced by multinational corporations will offer opportunities for Vietnam to attract foreign direct investment, experts said.

Flexible adjustment needed in growth economy

The economy continues to face new uncertainties, even after the first half year into the program on socio-economic recovery and development.

Vietnam’s GDP growth estimated at 6.42% in H1/2022

Vietnam’s economy is estimated to grow by 6.42% in the first half of 2022, higher than expected, heard a Government teleconference on July 4.

Binh Duong ranks first nationwide by GDP

The southern province of Binh Duong took the lead among Vietnam’s 63 provinces and cities in terms of gross domestic product (GDP) per capita in 2021, according to the latest data released by the General Statistics Office.

For sustained success, Vietnam should learn from the mistakes of others

Right now, Vietnam is full of promise. The recent ratings upgrade by S&P Global makes it likely that the country will be the next “rising star”, referring to the achievement of its first investment grade rating in the next few years.

Leaders urged to kick on with disbursement

Slow implementation of the national fiscal and monetary initiative is expected to dent economic growth, with legislators urging the government to soon review the policy to provide further assistance for enterprises and people.

When will Vietnam have a technology USD billionaire?

Chairman of Hoa Phat Group Tran Dinh Long and Chairman of Thaco Group Tran Ba Duong are the two Vietnamese USD billionaires in 2022 who work in the manufacturing industry.

60,000 enterprises suspend operations: a warning

Behind the good news that in the first quarter of 2022, for the first time in history, the number of newly registered businesses in a month exceeded 15,000, there were still worries about the "health" of many others.

Weathering the storm, Vietnam economy remains stable among uncertainties

The building of an independent and self-reliant economy associated with extensive international integration needs to start from businesses, especially private ones, in order to increase resilience and improve internal forces.

Vietnam becomes fifth largest economy in Southeast Asia: IMF

Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.

Equitization of State-owned enterprises still going slowly

Due to the slow progress of equitization, the scale of state-owned enterprises (SOEs) in the economy is still very large, accounted for 7% of total assets and 10% of equity of all enterprises in the market.

Where is the Vietnamese economy on the world map?

Vietnam's GDP growth has shown signs of slowing down, with the growth rate of 7%/year not achieved for many years now. Vietnam faces the risk of falling into the middle-income trap.

Vietnam persists with Doi Moi, door-opening and integration policy: PM

The 4th Vietnam Economic Forum has affirmed the correct and effective policy of the Party and State on pursuing Doi Moi, building an independent, self-reliant economy in combination with proactive and active international integration.

Stock market: worrying numbers

The stock market of Vietnam fell for six consecutive weeks with a drop of over 20%. Liquidity also fell sharply, causing concern.

Globe faces high inflation, Vietnam deals with challenges

The world is witnessing the highest inflation in decades. Many economies around the world face a risk of recession.