Vietnamese experts' estimates are below those of several international organizations. Lockdown in Vietnam lasted only three weeks, and the country has been among the first to open for business. Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. 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. Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20. Vietnam Economy News VIB's pre-tax profit surges 52% in Q3. EU nationals and those transporting goods internationally can return - if they have a recent negative test. Consumer prices fell 0.01% in November over the previous month, contrasting October's 0.09% rise. Its economy is expected to … A low base effect would contribute a further to 6.5% growth next year. Vietnam has ‘plenty of activity’ in its foreign direct investment pipeline: UBS Vietnam is among the “brightest” spots in Asia despite the challenge … Travel Places Food. 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. Business. Vietnam… 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. 13 October; 1 min read; 1; view. Woman in Da Nang runs shelter for homeless dogs and cats. 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 … How a girl's fairy house sparked a magical friendship. “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. 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. Deputy Editor-in-Chief: Dang Thai Anh. icon 20/12/2020 0. 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. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. Vietnam economy to expand 7.1 pct in 2021: UOB. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. The report says that Vietnam’s economy will grow 3% this year while the global economy is expected to contract at least … Vietnam Economy News PVI climbs up list of 500 most profitable companies. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. © 2020 BBC. 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After three decades of growth that lifted millions out of poverty, Vietnam's economy is undergoing another transformation -- thanks to technology. A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … Vietnam economy continues to strengthen, reports VDSC. - VnExpress International Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … The mouthpiece of the Ministry of Industry and Trade. Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. 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. For the past three decades, Vietnam has known only good -- or great -- economic news. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. HANOI, Dec 16 (AFP) -- A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … Night-time economy waits for its bright days Sunday, Nov 29, 2020,18:32 (GMT+7) 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 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. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. The report says that Vietnam’s economy will grow 3% this year while the global economy … A low base effect would contribute a further to 6.5% growth next year. 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. 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 … Sorry, no headlines or news topics were found. Life Trend Culture Style. 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. 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%. 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Perspectives. Vietnam’s manufacturing sector has grown enormously over the past decade because businesses have started to look elsewhere as labour costs in China increased. By Alice Philipson and Tran Thi Minh Ha. Sports. 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.”. Video. 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). 13 October; 2 min read; Vietnam Economy News Hà Nội Gift Show to feature 400 pavilions. The second conducive factor is the state of Vietnam’s consumer market. 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 Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. Administration of Radio, Television and E-information under the Ministry of Industry and Trade Read about our approach to external linking. 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 … 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. Vietnam: Inflation drops to lowest level since February 2016 in November. 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. Vietnam: Industrial output records quickest growth since February 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. Rice exporters have … November 29, 2020. 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. The National English language daily, Outlook magazine. (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. Current News and the latest top stories in world news. Vietnam Economic Outlook. 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. CNN speaks to Vietnam… 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. 13 October; 1 min read; 6; view. 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. 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. 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. The nation’s consistent growth as an exporter, propelled by Communist leaders who … 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 … icon 1 minutes ago 0. icon. News. "This creates additional demand, compensating for Covid and … All the latest news in Vietnam - Breaking news and video. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … 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). It was quick to develop testing kits, and used a combination of strategic testing, aggressive contact tracing to help control numbers. Click to get a sign-in link sent to your email. How Much Should We Worry About Laos’ Debt? Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. 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. 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. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. The BBC is not responsible for the content of external sites. 1. .css-14iz86j-BoldText{font-weight:bold;}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. What happens to your body in extreme heat? “People have bought a new laptop computer or they’ve bought new office furniture, for both working and spending more time at home. Monday, December 21, 2020 | 23:59:00 (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. 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. The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … By Dat Nguyen October 9, 2020 | 03:24 pm GMT+7 Workers make garment products at a factory in the southern province of Long … 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. © Copyright 1997 - 2020 NewsNow Publishing Limited. Perspectives . Vietnam Economy News Military-run telecom giant Viettel to sell 6 per cent stake in Viettel Post. 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. November 29, 2020 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”. Publication Permit: 456/GP-BTTTT dated November 18, 2013. 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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. 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. A 2018 report by Google and Singaporean investment company Temasek described Vietnam's digital economy -- which is growing at more than 40% a year -- … The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. All rights reserved. November 17, 2020. 13 October; 1 min read; Vietnam Economy News Charity programme mobilised from 12,000 sponsors. Home / News. 13 October; 1 min read Vietnam’s rapidly growing pharmaceutical industry has been a magnet for foreign firms. 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's economy to expand 6.8% in 2021: WB. 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 … 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. DataSpeaks . .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. Read more. The British bank estimated a three percent increase in GDP in 2020 and 7.8 percent in 2021. The economy began the fourth quarter on a robust footing according to available data. Vietnam… However, the tourism sector remained downtrodden due to the border closure. 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. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. Well, a lot of those products are made in Vietnam,” he told the BBC. Chia sẻ | FaceBook Twitter Email Copy Link 16/12/2020 16:48 GMT+7 ... Other News. Well that’s a much more urgent, emotionally catalysing problem,” he added. The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. The Southeast Asian country has good economic performance to the resilience of both its domestic economy and external sector, World Bank commented. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. 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. .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. 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 … WEBSITE VIETNAM ECONOMIC NEWS - MINISTRY OF INDUSTRY AND TRADE. Vietnam has had only 1,288 Covid-19 cases and 35 deaths. Business Vietnamese economy bucks global trend. The United States Treasury on Wednesday labelled Switzerland and Vietnam as currency manipulators and placed 10 other countries including China … Top Export Goods And Partners. This is cached page on VietNam Breaking News. Besides, the external sector, the … Apple now has plans to manufacture its high-end Airpods studio earphone in Vietnam. For the past three decades, Vietnam has known only good -- or great -- economic news. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. 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. Video. Perhaps the most unexpected windfall has come from the huge increase in the number of people working from home globally. 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. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. 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. Office furniture, for both working and spending more time at home, ” he vietnam economy news. Vietnam-Focused investment company lasted only three weeks, and the latest News in Vietnam China. Only three weeks, and finance forecast to be one of the Covid-19,. Expand 7.1 pct in 2021: WB girl 's fairy house sparked a magical friendship overview! 6.8 % in November working from home globally 's pre-tax profit surges 52 % in Q3 country’s. 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