There are no Robin Hoods in Vietnam these days
More undergraduates from one of the world’s five remaining communist states were opposed to the redistribution of wealth through taxes than their peers in uber-capitalist Singapore or Malaysia.
Vietnam is integrating more, not less, with China
Newly approved $8.4 billion high-speed rail will speed trade and economic integration with China while US trade sanctions loom on the horizon.
Can Vietnam’s ‘era of rising’ break the middle-income trap ?
Vietnam has set its sights on becoming a high-income country by 2045, a bold ambition that marks a critical turning point in its economic trajectory. General Secretary To Lam’s vision for an ‘era of rising’ focuses on technology-driven growth and…
Is Vietnam’s 8% growth target too ambitious ?
On Feb. 19 the National Assembly passed a resolution targeting at least 8% growth for the year as part of efforts to accomplish Vietnam’s economic and social development push.
Chinese investment surge into Vietnam raises risk of Donald Trump retaliation
Shifts to avoid trade war have increased Hanoi’s vulnerability as surplus with US has grown.
More than half FDI firms in Vietnam report losses
More than 56% of 29,000 foreign direct invested companies in Vietnam posted loss in 2023, which triggered concerns about transfer pricing and tax evasion, according to the Ministry of Finance.
Vietnam to raise 2025 GDP growth target to at least 8% despite U.S. tariff risks
Vietnam will officially revise up its gross domestic product growth target for 2025 to at least 8.0% from 6.5%-7.0%, driven by stronger industrial manufacturing, Minister of Planning and Investment Nguyen Chi Dung said on Wednesday.
Developing Ho Chi Minh City into int’l financial center should begin with small changes
The development of an international financial center (IFC) in Ho Chi Minh City is a long-term journey. It is not impossible, but it requires a well-thought-out plan and must start with small steps, Dominic Scriven, chairman of Dragon Capital, which manages investments…
European bizs confident in Vietnam’s economic prospects
Vietnam saw a significant rise in business sentiment in the fourth quarter (Q4) last year, reflecting resilience amidst a turbulent global landscape, according to the quarter’s business confidence index (BCI) report released recently by the European Chamber of Commerce (EuroCham)…
Vietnam struggles to avoid the Trump administration’s glare
Vietnam’s rising trade surplus with the United States may threaten its close strategic and economic bilateral ties under the second Trump administration.
Vietnam’s 2024 GDP growth accelerates to 7.09%, driven by strong exports
Vietnam’s economy expanded 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday.
HCMC reaches $20B in budget revenue
Ho Chi Minh City is poised to reach VND502 trillion (US$19.76 billion) in budget revenue this year, contributing 27% of the nation’s total.
Vietnam a key US partner : Secretary of State Blinken
As Vietnam plays an increasingly important standing in the Southeast Asian region, it continues to solidify its role as an important U.S. partner, Secretary of State Antony Blinken told the 2024 U.S.-Vietnam Business Summit in Hanoi on Wednesday.
Vietnam PM urges US to lift some high-tech export restrictions
Vietnam’s Prime Minister Pham Minh Chinh on Wednesday urged the United States to lift export restrictions on some technology and said the country wanted to develop satellite communications.
Vietnam signs economic partnership agreement with United Arab Emirates
The agreement, Vietnam’s first free trade deal with a Middle Eastern nation, comes after a busy couple of years in the country’s foreign relations.
Vietnam’s pet industry sees double-digit growth in 2023
The pet industry in Vietnam reported a 35 percent year-on-year rise in 2023 as dogs and cats have been increasingly valued, heard the Super Pet Fest held in Ho Chi Minh City on Saturday.
Cambodia’s trilateral deal pullout strains its relations with Vietnam
The Cambodia-Laos-Vietnam tripartite split signals an assertive Cambodia and the onset of a precipitous deterioration in its ties with Vietnam.
What is behind Vietnam’s economic success story ?
The World Bank has forecast that Vietnam will show the strongest growth of the emerging economies in Southeast Asia.
Vietnam, China sign 10 deals in bid to boost ties
Vietnam and China have signed 10 agreements ranging from agriculture co-operation to cross-border QR code payments during Chinese Premier Li Qiang’s three-day visit to Hanoi as the two neighbours seek to boost ties.
The United States must axe Vietnam’s ‘non-market economy’ status
On 2 August 2024, following an almost year-long review, the United States decided to retain Vietnam’s classification as a ‘non-market economy’. While framed as a procedural decision based on economic criteria, this move overlooks the broader strategic imperative and is…
Vietnam sees tougher final quarter after GDP growth surprise
Vietnam’s economic growth unexpectedly accelerated last quarter, buoyed by manufacturing and exports before a super typhoon in September caused widespread damage and prompted warnings of a challenging end to the year.
Vietnam sustaining growth amidst shifting FDI trends
Trade ties between the US and emerging market economies in the Asia-Pacific region are shifting from efforts to diversify supply chains out of China through “friendshoring” or “nearshoring”. Against this backdrop, Vietnam is among the Asia-Pacific markets relatively well-placed to…
How much of Vietnam’s policy reform is driven by FTAs ?
Over three decades, Vietnam’s economy has transitioned successfully from a centrally planned agrarian economy to a dynamic manufacturing and services hub, due largely to the doi moi reforms initiated in 1986 and the country’s pursuit of free trade agreements (FTAs).…
Fmovies, world’s largest film piracy syndicate based in Hanoi, shut down
Hanoi police, in collaboration with a global entertainment coalition, have dismantled Fmovies, one of the world’s largest film piracy networks.
Why the US could regret not Lifting Vietnam’s ‘Non-Market Economy’ status
Hanoi hoped that its reclassification would help cement the two nation’s new Comprehensive Strategic Partnership.
US rejects Vietnam’s bid for ‘market economy’ status in blow to trade ties
Classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.