Latest News about Vietnamese economy
In defiance of the health crisis hurting the domestic economy, Vietnam has earned international optimitism for its growth outlook on the back of the country’s good control of COVID-19 leading to impressively positive growth last year.
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The US independent management consultancy Asia Perspective has published a report on the Vietnamese economy, which highlighted that in the fourth quarter of 2020, Vietnam posted rapid growth thanks to the recovery of manufacturing.
Many economists have said the Vietnamese economy is set to speed up this year.
The Vietnamese economy has been witnessing tremendous achievements over the past few decades under the sound policies and strategies by the government and the great contributions of the planning and investment sector.
Despite receiving a heavy toll caused by the health crisis, the Vietnamese economy is expected to keep its highest economic growth in Asia this year
After reassessment, the Vietnamese economy is expected to enjoy an even bigger scale from next year, better reflecting the country’s economic structure.
The Vietnamese economy has remained extremely resilient throughout the year despite the adverse impact of COVID-19 pandemic, with import-export activities witnessing a gradual bounce back, according to insiders.
Many enterprises are now mapping out short-term business strategies of up to three years, given growing global uncertainties.
More foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development.
Vietnam’s gross domestic product (GDP) increased 1.81 percent during the first six months of 2020, the lowest first-half growth pace since 2011, according to the General Statistics Office (GSO).
Economist Le Xuan Nghia, former Vice President of the National Financial Supervisory Commission, talks about the role of agriculture in reviving the economy after the COVID-19 pandemic.
Vietnam’s GDP growth rate of 3.82 percent in the first quarter of 2020, a record low since 2011, is still a miracle amidst a global economic recession, an official has said.
While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).
The COVID-19 epidemic has affected the Vietnamese economy, including the construction sector.
The Vietnamese economy has grown by 7.02 per cent in 2019, and is expected to maintain this growth momentum into 2020.
Vietnam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country's economic prospects this year as well as opportunities and challenges facing the country.
Big cities in Vietnam hold huge potential for developing their night time economies. However, planning and policies are required to manage this new economic sector.
Dinh Huu Phi, director general of the Intellectual Property Office of Vietnam, talks about Vietnam’s efforts to develop its intellectual property law to an international level.