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Vietnam in top 10 sustainable business list for manufacturing, Vietnam boosts bold reforms to attract more investors, Japan – Taking Initiative in the Asia-Pacific Region, PM: Vietnam becomes strong, trustworthy mainstay in ASEAN, British official: Vietnam a strategic partner of UK, Vietnam, Venezuela beef up economic, trade cooperation, Vietnam's 2020 ASEAN Chairmanship reviewed, ASEAN’s Secretary-General hails Vietnam’s Chairmanship in 2020, Vietnamese economy to surpass Taiwan's in 2035: Think tank, Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam, Vietnam, China co-chair 18th East Asia Forum, ADB ups Vietnam’s GDP growth forecast as consumption revives, Authorities fret over foreign firms dominating sharing economy, 7th ASEAN Defence Ministers’ Meeting Plus held virtually, GSO hosts high-level forum on ASEAN Community Statistical System, Vietnam actively contributing to ASEAN defence cooperation, ADB forecasts Vietnam GDP growth at 2.3 per cent in 2020, EU-Asia security: HR/VP Josep Borrell participates as the Guest of the Chair in the ASEAN, Grabbing investment gains from RCEP agreement, Cambodia announces outcomes of the 9th ACMECS, 10th CLMV, 11th CLV meetings, Multi-Dimensional Review of Vietnam launched, Vietnam’s Mekong Delta now investment magnet, Vietnam Social Security recognised for expanding voluntary coverage, Being safe in COVID-19: Haiphong a bright spot on Vietnam’s industrial property map, ASEAN Parties Against Corruption convenes 16th meeting, 14th ASEAN defense ministers' meeting starts via video link, Super Energy illustrating potential for Thai businesses, SRAM & MRAM ties up with GODS RESORT to become ASEAN's leading OEM glove suppliers, ASEAN defence ministers gather at 14th meeting, ASEAN 2020: 14th ASEAN Defence Ministers' Meeting, Tax tweak deemed essential to shield digital economy, Key export goods rumble on despite pandemic strains, General Statistics Office: VN chalks up record high trade surplus despite pandemic, Foreign investment buttresses Vietnam's transformation to high performing economy, Trafficking of Women Up Amid Covid-19 Despite Closed Borders: Official, Logistics industry to flourish from added exposure to world via RCEP, Việt Nam reviews 2020 performance of ASEAN Committee in New York, Collaboration required to steer towards recovery, Central bank proposes expanding VAMC's operation, Vietnam reviews 2020 performance of ASEAN Committee in New York, Vietnam’s trade surplus hits record high despite COVID-19, Vietnam's import-export value reaches $50 billion in November, Vietnam's Petrolimex diversifies gasoline loading ports ahead of ASEAN import tax cut, Foreign Ministry hosts 2020 International Food Festival, Prime Minister to attend virtual 9th ACMECS, 10th CLMV, 11th CLV meetings, Prime Minister to attend virtual 9th ACMECS, 10th CLMV, 11th CLV, 10th session of ASEAN Community Statistical System slated for December 8-10, Strengthening Vietnam- Laos economic ties, Vietnam stands to benefit from new OECD tax rules, India-Vietnam Investment Opportunities, Market Entry Considerations, Mekong – RoK cooperation facilitates regional economic integration: official, Registered capital of new enterprises surge, Asian media seek answer for how Vietnam maintains economic growth amid pandemic, The United States and Japan Join with Vietnam to Advance Shared Energy Goals, Vietnamese M&A ticks higher despite global turbulence, US: Alex Padilla to replace Kamala Harris in Senate, Alex Padilla to replace Kamala Harris in US Senate, What We're Watching: Israel's collapsing government, Nicaragua's opposition ban, new Covid strain goes global, Israel's government collapses, with yet another election due in March, US Justice Department suing Walmart, accusing them of helping to fuel opioid crisis through pharmacies, US sues Walmart accusing retailer of helping fuel opioid crisis, Russia sends 300 military instructors to Central Africa Republic, Rebels seize Central African Republic’s fourth-largest city five days before nationwide, Mexico most dangerous country for journalists: Report, Mexico sees most journalists killed in 2020, group says, Forgot your password? The report says that Vietnam’s economy will grow 3% this year while the global economy … For the past three decades, Vietnam has known only good -- or great -- economic news. The second conducive factor is the state of Vietnam’s consumer market. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. Read about our approach to external linking. Its economy is expected to … Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. News. Vietnam, China co-chair 18th East Asia Forum Vietnam Plus 22:02 10-Dec-20. VIETNAM BUSINESS NEWS OCTOBER 14; VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13; Vietnam to post economic growth of 6.6 pct in 2019: WB; Vietnam’s economy maintains positive outlook have 234 words, post on ven.vn at August 30, 2020. Vietnam economy continues to strengthen, reports VDSC. All rights reserved. Vietnam Economic Outlook. A low base effect would contribute a further to 6.5% growth next year. Vietnamese experts' estimates are below those of several international organizations. At a virtual summit with Vietnamese Prime Minister Nguyen Xuan Phuc, Modi said India looks at its ties with Vietnam with a long-term and strategic perspective. Business Economy Industries Companies DataSpeaks. Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”. Click to get a sign-in link sent to your email. November 29, 2020 The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. Rice exporters have … In Vietnam, the old age dependency ratio, which compares the number of people 60 and older to 15–59 year-olds, is expected to double in the next 25 years, and replacement rates are around 70 percent, significantly above the 54 percent average for counties in the Organization for Economic Cooperation and Development (OECD). Vietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the … Video, How a girl's fairy house sparked a magical friendship, Covid-19: French agree to ease virus travel ban, Coronavirus: EU urges countries to lift UK travel bans, Karima Baloch: Pakistani rights activist found dead in Toronto, Alex Padilla to replace Kamala Harris in US Senate, Coronavirus spreads to Antarctic research station, France bans use of drones to police protests in Paris, Nicola Sturgeon broke Covid rules at funeral, Widowed penguins hug in award-winning photo, Giant iceberg A68a shatters into large fragments, Viral 'butt-less' pyjamas ad sparks confusion, Fifteen countries sign world's biggest trade deal, Vietnam police seize 320,000 used condoms, Explaining the world's biggest trade deal. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 09:28 11-Dec-20 Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 05:14 11-Dec-20 A rebounding economy and a new trade deal are reasons why the outlook for Vietnam is positive despite the coronavirus pandemic, said Edward Teather of UBS Research. Night-time economy waits for its bright days Sunday, Nov 29, 2020,18:32 (GMT+7) Woman in Da Nang runs shelter for homeless dogs and cats. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}French agree to ease virus travel ban. Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. © Copyright 1997 - 2020 NewsNow Publishing Limited. It was quick to develop testing kits, and used a combination of strategic testing, aggressive contact tracing to help control numbers. "This creates additional demand, compensating for Covid and … Read more. 13 October; 1 min read; Vietnam Economy News Charity programme mobilised from 12,000 sponsors. HANOI, Nov 20 ― Vietnam is shaping up as Southeast Asia's single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, reported Vietnam News Agency (VNA) citing Nikkei Asia report yesterday. Sports. Travel Places Food. Vietnam’s exports to the US have increased by 23% in the first three quarters compared to the same period in 2019, with electronics exports up 26%. HANOI, Dec 16 (AFP) -- A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … All the latest news in Vietnam - Breaking news and video. The industry is set to record double-digit growth in the 2020-2025 period and is set to reach a value of $7.7 billion next year, according to a report by brokerage Yuanta Vietnam. Business Vietnamese economy bucks global trend. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. 1. After completing the course, Vietnamese consultants were selected by the ministry to support quality improvements in production for Vietnamese enterprises in the fields of manufacturing, processing and … 13 October; 1 min read; 1; view. Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. Vietnam's economy to expand 6.8% in 2021: WB. Chia sẻ | FaceBook Twitter Email Copy Link 16/12/2020 16:48 GMT+7 ... Other News. The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … “People have bought a new laptop computer or they’ve bought new office furniture, for both working and spending more time at home. All section. The new target comes as gross domestic product for the export-led Vietnamese economy grew just 0.36% in the second quarter, down sharply from 3.8% in the January to March period. Life. A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. VideoHow a girl's fairy house sparked a magical friendship, 'People have Zoom fatigue but it's not our fault', Tech trends in 2021: Fast planes and homeworking. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 per cent this year. 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Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 percent this year. About half of all businesses in Vietnam have downsized because of COVID-19, according to a survey by the Private Economic Development Research Board, as cited by domestic news … Well that’s a much more urgent, emotionally catalysing problem,” he added. 13 October; 1 min read; 6; view. A low base effect would contribute a further to 6.5% growth next year. Vietnam… 13 October; 2 min read; Vietnam Economy News Hà Nội Gift Show to feature 400 pavilions. The IMF is predicting a strong economic recovery in 2021, with growth projected to strengthen to 6.5% “as normalisation of domestic and foreign economic activity continues.”. The ongoing US-China trade war has also made China a less attractive place to manufacture, with a number of tariffs in place on exports. Video. The mouthpiece of the Ministry of Industry and Trade. The report provides a detailed look at the policy toolbox that could help Vietnam stabilize the economy, reduce investment needs in the coming austerity period, and achieve climate targets in both the short and longer terms. However, the tourism sector remained downtrodden due to the border closure. Besides, the external sector, the … Home / News. Vietnam has had only 1,288 Covid-19 cases and 35 deaths. This is cached page on VietNam Breaking News. How Much Should We Worry About Laos’ Debt? Việt Nam national team manager Park Hang-seo was adamant that his star defender Đoàn Văn Hậu's brief loan spell at SC Heerenveen in the Netherlands was positive for both player and country, calling it a "meaningful experience". Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … DataSpeaks . It climbed nine places from last year to 33rd in the list of the world’s 100 most valuable brands compiled by Brand Finance, a U.K. consultancy. The economy of Vietnam is a socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP). Perspectives . Consumer prices fell 0.01% in November over the previous month, contrasting October's 0.09% rise. How a girl's fairy house sparked a magical friendship. Well, a lot of those products are made in Vietnam,” he told the BBC. ADB revises up Vietnam’s 2020 GDP growth forecast to 2.3% : Thursday, Dec 10, 2020,17:52 (GMT+7) HCMC - The Asian Development Bank (ADB) has revised up Vietnam’s gross domestic product (GDP) growth forecast in 2020 to 2.3% from the previous estimate of 1.8% in September, attributing the upgrade to the strength of accelerated public investment, revived domestic … Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. Gross domestic product (GDP) in the third quarter of 2020 is estimated to increase by 2.62% over the same period last year, which is the lowest increase between 2011 and 2020. icon 1 minutes ago 0. icon. For the past three decades, Vietnam has known only good -- or great -- economic news. The country has seen slower growth this year and its once-thriving tourism sector has taken a particularly bad hit, but it has avoided the worst economic effects of the pandemic. Please try different keywords. The BBC is not responsible for the content of external sites. CNN speaks to Vietnam… Although Vietnam lacks the health infrastructure of many wealthier countries, it has been widely praised for its public health measures, which quickly brought numbers under control. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. Accordingly, Vietnam’s gross domestic product (GDP) is forecast to expand 2.8 percent in 2020 and 6.8 percent in 2021 in favorable conditions, and 1.5 percent in 2020 and 4.5 percent in 2021 in less favorable … Video. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 per cent this year. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. Besides the containment of the pandemic by bold, early and innovative measures, the Vietnamese government has also used its fiscal and monetary policies to provide breathing space for the private sector and jump-start the recovery. HCMC - Vietnam achieved a record high trade surplus of US$20.1 billion in the January-November period although the Covid-19 pandemic continues to show complicated developments, challenging the global economy, according to the General Statistics Office. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. News. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Sports. A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. Vietnam economy to expand 7.1 pct in 2021: UOB. Lockdown in Vietnam lasted only three weeks, and the country has been among the first to open for business. November 29, 2020. Publication Permit: 456/GP-BTTTT dated November 18, 2013. EU nationals and those transporting goods internationally can return - if they have a recent negative test. Vietnam’s rapidly growing pharmaceutical industry has been a magnet for foreign firms. Vietnam’s manufacturing sector has grown enormously over the past decade because businesses have started to look elsewhere as labour costs in China increased. - VnExpress International The Southeast Asian country has good economic performance to the resilience of both its domestic economy and external sector, World Bank commented. Vietnam Economic News. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … The largest industries here are services which make up 49.75% of the GDP, industry which makes up 33.25%, and agriculture which makes up 17% of GDP. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. 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