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Update news vn economy
Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Vietnam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.
SBV eyes tightening non-bank credit in corporate bonds, property
Huge potential for developing resort property market
Pathway to revamp legal corridor to promote digital banking
Better working conditions improve employee retention
PM okays new industrial park project in Binh Phuoc
Despite the impacts of Covid-19, Vietnam recorded growth of 3.82 percent in the first three months of 2020. Economic recovery plans are also being developed for after the pandemic.
Vietnam has been hit hard by the current novel coronavirus pandemic (COVID-19), but it will show signs of recovery in the post-coronavirus period, the World Bank said in its Vietnam Macro Monitoring report for May.
Prime Minister Nguyen Xuan Phuc on Saturday issued a new set of guidelines on measures to keep the country clear of COVID-19 while its economy restarts after strict social distancing measures were relaxed.
The fact that nearly 35,000 enterprises have now withdrawn from the market three months after the COVID-19 outbreak first appeared in Vietnam reveals the huge impact it has had on business and production.
Though still positive, the Vietnamese business community has a more negative outlook for the year ahead.
Vietnam’s macroeconomy in 2020 is forecast to face somewhat more challenges of growth and inflation than in 2019. However, basically, the overall picture will not have many hues different from last year.
Many local property developers are looking to investment opportunities overseas to expand and grow.
Foreign investors need a smoother passage before bringing much-needed LNG projects to life in Vietnam.
Limited land and labor resources, increasing wages and a lack of local suppliers in Vietnam could make the cost/benefit equation less attractive for FD) firms in the foreseeable future, HSBC said in its latest Asia Frontier Insights report.
The way coffee is bought and consumed in Vietnam is changing as new players work hard to get their name out there.
Ongoing assistance will see Vietnam's private sector truly become a driver of economic growth, stakeholders said.
Peer-to-peer lending fills a critical gap in Vietnam's financial landscape but full regulation is lacking.