Vietnam reports strong January-July trade data, imports from US rise 22.7%
Vietnam reported robust trade activity in the first seven months of this year, with imports of goods from the United States rising by nearly 25% after its March tariff cuts on several American products, government data showed on Wednesday.
Vietnam’s free trade zones hoped to give boost to economic growth
Many other localities across the country are « laying the groundwork » in hopes of being granted permission to establish FTZs.
Vietnam’s VN-Index hits all-time high on 25-year anniversary of local bourse
The benchmark index has outperformed regional peers with its 23% rally so far this year
Vietnam stocks near record on reform hopes, trade deal optimism
The government is cutting red tape and unnecessary costs to redirect funds to development projects, part of its aim to achieve high-income status by 2045.
Vietnam seeks economic expansion at 8.3-8.5% this year
Vietnam needs to achieve a GDP growth rate of about 8.3-8.5% this year, creating momentum to reach a double-digit level in the 2026-2030 period, said Prime Minister Pham Minh Chinh.
Vietnam and Cambodia revamp economic partnership
As US tariffs bite and Chinese capital beckons, Vietnam and Cambodia discover renewed potential in their economic relationship. Neither can afford to alienate powerful partners, yet the risk of becoming pawns in a geopolitical tug-of-war grows ever clearer. Their evolving partnership shows…
Vietnam posts fastest GDP growth in nearly 2 decades
The Ministry of Finance estimates GDP growth in the first half was 7.3%, the highest rate since 2008.
Da Nang aims to build 5 islands inspired by Dubai’s model
At an event on Sunday announcing the prime minister’s decision on the establishment of the Da Nang Free Trade Zone, Deputy Prime Minister Nguyen Hoa Binh revealed one of Da Nang City’s most ambitious development proposals – the creation of…
Russian president Vladimir Putin says cooperation with Vietnam withstands global changes
Russian President Vladimir Putin said cooperation with Vietnam has withstood global changes and continues to flourish, especially in science and energy, during an interview on Wednesday with Vu Viet Trang, general director of the Vietnam News Agency (VNA).
Why Vietnam should revamp its economic model
Donald Trump’s trade shock is a wake-up call for faster reform
With an economy on the rise, Vietnam’s To Lam can claim pole position
Vietnam is economically out-performing its peers in the Mekong Region, and is set to become ASEAN’s second-largest economy by 2028.
Vietnam PM says still aiming for growth target despite U.S. tariffs
Vietnam faces more challenges than opportunities because of U.S. tariffs but will still aim to meet its target of at least 8% growth this year, the Prime Minister said on Monday, ahead of the start of trade talks with Washington…
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.