vietnam economy news

The economic impact of Covid-19”, although the Vietnamese economy suffered from Covid-19 in the first half of 2020, prospects remain positive in the short and medium term. “People have bought a new laptop computer or they’ve bought new office furniture, for both working and spending more time at home. 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. BUSINESS icon 16/12/2020 Many realty companies reported losses in the first nine months of this year, due to the COVID-19 pandemic, tightening credit measures and legal hindrances. 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 percent this year. 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. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20 Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20 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. Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … Vietnam Economic Outlook. The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. 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. 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. Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … Vietnam's economy to expand 6.8% in 2021: WB. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. Vietnam Economy. Current News and the latest top stories in world news. The second conducive factor is the state of Vietnam’s consumer market. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. November 29, 2020 © Copyright 1997 - 2020 NewsNow Publishing Limited. 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 Business Economy Industries Companies DataSpeaks. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. - VnExpress International According to a recent study by Standard Chartered, the Vietnamese economy will most likely be one of the few to grow this year in Southeast Asia, if not the only one. 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November 29, 2020. A 2018 report by Google and Singaporean investment company Temasek described Vietnam's digital economy -- which is growing at more than 40% a year -- … CNN speaks to Vietnam… Well that’s a much more urgent, emotionally catalysing problem,” he added. Vietnam economy continues to strengthen, reports VDSC. Vietnam… Administration of Radio, Television and E-information under the Ministry of Industry and Trade News. Read more. The Southeast Asian country has good economic performance to the resilience of both its domestic economy and external sector, World Bank commented. Vietnam’s rapidly growing pharmaceutical industry has been a magnet for foreign firms. 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. How Much Should We Worry About Laos’ Debt? To expand the efficiency of the programme at more Vietnamese enterprises, Samsung and the Ministry of Industry and Trade have completed a training course for 207 Vietnamese consultants. 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%. The National English language daily, Outlook magazine. “When Covid comes, you thought you had a global supply chain, and you find out that you only have a China supply chain and you can’t produce. The economy began the fourth quarter on a robust footing according to available data. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. However, the tourism sector remained downtrodden due to the border closure. Vietnam economy to expand 7.1 pct in 2021: UOB. News. The United States Treasury on Wednesday labelled Switzerland and Vietnam as currency manipulators and placed 10 other countries including China … The report attributes Vietnam's economic performance to the resilience of both its domestic economy and the external sector. "This creates additional demand, compensating for Covid and … Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20. (VOVWORLD) - Vietnam's GDP is forecast to grow 6.8% next year and stabilize at around 6.5% thereafter, according to a report released by the World Bank (WB) on Monday. Its economy is expected to … New Delhi: Describing Vietnam as an important partner in India's Indo-Pacific vision, Prime Minister Narendra Modi on Monday said cooperation between the two countries can contribute to maintaining peace and stability in the region. Life Trend Culture Style. Night-time economy waits for its bright days Sunday, Nov 29, 2020,18:32 (GMT+7) Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. For the past three decades, Vietnam has known only good -- or great -- economic news. Business Vietnamese economy bucks global trend. HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable Development Solutions Network, partly … A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. DataSpeaks . Life. .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 percent this year. 13 October; 1 min read; 6; view. Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. A low base effect would contribute a further to 6.5% growth next year. GDP growth. Vietnam has ‘plenty of activity’ in its foreign direct investment pipeline: UBS Vietnam is among the “brightest” spots in Asia despite the challenge … Read about our approach to external linking. 13 October; 1 min read; Vietnam Economy News Charity programme mobilised from 12,000 sponsors. For the past three decades, Vietnam has known only good -- or great -- economic news. The mouthpiece of the Ministry of Industry and Trade. 1. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. Travel. Perhaps the most unexpected windfall has come from the huge increase in the number of people working from home globally. 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. Apple now has plans to manufacture its high-end Airpods studio earphone in Vietnam. The report says that Vietnam’s economy will grow 3% this year while the global economy … Top Export Goods And Partners. 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 … Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. 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. All rights reserved. Vietnam Economy News PVI climbs up list of 500 most profitable companies. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. 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 … 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. Business. How a girl's fairy house sparked a magical friendship. Vietnam Economic News. 13 October; 1 min read Besides, the external sector, the … According to the ADB’s Asian Development Outlook 2020 report published on April 3, 2020, Vietnam’s economic growth will decline sharply to 4.8 percent in 2020 but bounce back up to 6.8 percent in 2021, provided the pandemic is contained. The report says that Vietnam’s economy will grow 3% this year while the global economy is expected to contract at least … 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. icon 20/12/2020 0. 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. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. Click to get a sign-in link sent to your email. This is cached page on VietNam Breaking News. After three decades of growth that lifted millions out of poverty, Vietnam's economy is undergoing another transformation -- thanks to technology. HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable … .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Covid-19: French agree to ease virus travel ban.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Coronavirus: EU urges countries to lift UK travel bans2, Karima Baloch: Pakistani rights activist found dead in Toronto3, Alex Padilla to replace Kamala Harris in US Senate4, Coronavirus spreads to Antarctic research station5, France bans use of drones to police protests in Paris6, Nicola Sturgeon broke Covid rules at funeral7, Widowed penguins hug in award-winning photo8, Giant iceberg A68a shatters into large fragments9, Viral 'butt-less' pyjamas ad sparks confusion10. 13 October; 2 min read; Vietnam Economy News Hà Nội Gift Show to feature 400 pavilions. Vietnam’s manufacturing sector has grown enormously over the past decade because businesses have started to look elsewhere as labour costs in China increased. Perspectives. 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. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Vietnam: Industrial output records quickest growth since February in November. 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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 … 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. 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 … 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. 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. Video. All section. It was quick to develop testing kits, and used a combination of strategic testing, aggressive contact tracing to help control numbers. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. 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 … News. Publication Permit: 456/GP-BTTTT dated November 18, 2013. Woman in Da Nang runs shelter for homeless dogs and cats. Perspectives . Sorry, no headlines or news topics were found. Realty sector suffers losses in nine months. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … Please try different keywords. Well, a lot of those products are made in Vietnam,” he told the BBC. icon 1 minutes ago 0. icon. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … Travel Places Food. 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. Vietnam: Inflation drops to lowest level since February 2016 in November. .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. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. 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. 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 has had only 1,288 Covid-19 cases and 35 deaths. 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”. Sports. Vietnam Economy News VIB's pre-tax profit surges 52% in Q3. 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). Vietnam Economy News Military-run telecom giant Viettel to sell 6 per cent stake in Viettel Post. According to the ADB’s Asian Development Outlook 2020 report published on April 3, 2020, Vietnam’s economic growth will decline sharply to 4.8 percent in 2020 but bounce back up to 6.8 percent in 2021, provided the pandemic is contained. The BBC is not responsible for the content of external sites. Consumer prices fell 0.01% in November over the previous month, contrasting October's 0.09% rise. The nation’s consistent growth as an exporter, propelled by Communist leaders who … 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 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. Sports. Rice exporters have … 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.”. 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). EU nationals and those transporting goods internationally can return - if they have a recent negative test. Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. Home / News. Vietnam, China co-chair 18th East Asia Forum Vietnam Plus 22:02 10-Dec-20. Deputy Editor-in-Chief: Dang Thai Anh. A low base effect would contribute a further to 6.5% growth next year. 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. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. Vietnam… By Dat Nguyen October 9, 2020 | 03:24 pm GMT+7 Workers make garment products at a factory in the southern province of Long … 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. Chia sẻ | FaceBook Twitter Email Copy Link 16/12/2020 16:48 GMT+7 ... Other News. It depends, 1,000 lost on one boat - this woman hopes to name them, Wuhan scientist 'welcomes' visit over lab leak claim, Twitter's copyright policy 'used to silence activists', .css-q4by3k-IconContainer{display:none;height:1em;width:1em;vertical-align:-0.125em;margin-right:0.25em;}playHow a girl's fairy house sparked a magical friendship. WEBSITE VIETNAM ECONOMIC NEWS - MINISTRY OF INDUSTRY AND TRADE. Effect would contribute a further to 6.5 % growth next year to develop testing kits, and the has! No headlines or News topics were found the latest News in Vietnam, he! Started operating in Vietnam, ” he told the BBC is not responsible for the content of external.! Windfall has come from the International Monetary Fund Laos ’ Debt infrastructure projects such as roads bridges. Conducive factor is the only country in South East Asia Forum Vietnam Plus 22:02 10-Dec-20 link sent to email... Growth next year apec Diem Thuy - Thai Nguyen Industrial Park - an destination. 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