Newly approved $9bn resort had been waiting for approval for years
Vietnam’s parliament unanimously approved a free-trade agreement with the European Union that will scrap almost all tariffs on goods traded between the bloc and the south-east Asian country.
State-owned enterprises were viewed as a dominant contributor to the development of Vietnam’s economy. But because the state sector is inefficient, and Vietnam is increasingly integrating internationally, the private sector is growing.
Vietnam’s national index of industrial production advanced 1 percent year-on-year between January and May, the lowest level in the past several years, according to the country’s General Statistics Office on Monday.
As US seeks to decouple from China, it’s a reach to think Vietnam will easily become the world’s next factory floor
Placing 77th out of 117 economies, Vietnam jumped 14 spots from 2017 in this year’s world ranking for budget transparency.
As Vietnam begins to employ unprecedented measures to recover from the economic ravages of the COVID-19 pandemic with hastened disbursement of public investment, supervision must be enhanced to prevent profiteering, politicians have warned.
Strict quarantining and widespread testing have helped the country avoid disaster, but with tourism on hold the nation’s future is uncertain
Vietnam has managed to contain COVID-19, lifting social isolation measures and reopening the economy, allowing businesses to resume.
Commercial banks’ Q1 statements show a spike in debts overdue by 10-90 days as coronavirus impacts squeeze businesses’ cash flow.
Vietnam made export turnover of more than 82.9 billion U.S. dollars and saw import turnover of nearly 79.9 billion U.S. dollars in the first four months of this year, up 4.7 percent and 2.1 percent on-year respectively, the country’s General…
Vietnam could see a v-shape freight recovery if the country continues to contain the spread of coronavirus.
Tough virus response has led to low infections, zero deaths. Lockdown restrictions eased, but export markets remain shut
The digital and platform economies would become pillars of our future society, said Nguyễn Đức Thành, former director of the Institute for Economic and Policy Research (VEPR).
Fully dealing with the economic consequences of the global pandemic will likely require a comprehensive, calibrated, and balanced approach.
Vietnam is increasing the application of trade defence instruments to protect the legitimate rights of domestic producers as the country integrates rapidly into the global economy.
The Vietnamese government is planning to issue incentives in the form of tax breaks, delayed tax payments, and land-use fees for businesses impacted by the COVID-19 outbreak.
Despite initial notable steps, until the government can fully contain the outbreak, it will be difficult to achieve economic growth targets set out previously.
Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of the novel…
Vietnam became the destination of choice for firms looking to avoid trade war tariffs, but the coronavirus has left many cut off from their suppliers. The Southeast Asian nation is more exposed to China’s supply chain than any other country…
State Bank of Vietnam orders commercial lenders to exempt, reduce or delay interest payments due January 23 to March 31 on loans to businesses facing losses from the novel coronavirus epidemic, according to a statement posted on the regulator’s website.
Manufacturers in the Southeast Asian nation are struggling to secure the raw materials they need to remain operational Hanoi relies on China for about 30 per cent of its imports
The European Parliament approved a free-trade agreement with Vietnam after winning concessions from Hanoi that may show the way for ratification of a bigger commercial deal between Europe and South America.
The European Union agreed on Wednesday to open its markets wider to Vietnam, while closing its trade doors to Cambodia, rewarding Hanoi for its progress on labour guarantees and sanctioning Phnom Penh for human rights abuses.
Vietnam must work out a stimulus package this month to help businesses cope with a coronavirus epidemic that is expected to keep the economy from achieving a target of 6.8% growth this year, the planning ministry said on Wednesday.
Many popular tourist destinations, which are always favorite destinations of Chinese tourists, were not crowded as usual amid fears for the nCoV outbreak.