Getting Vietnam’s economic growth back on track
Vietnam’s economy emerged from COVID-19 with a surprisingly high 8 per cent annual growth rate at the end of 2022, but took a gloomy U-turn in the first half of 2023, plagued by falling exports due to monetary tightening in…
Vietnam pushes US to grant it ‘market economy’ status
Hanoi has spent the past year lobbying Washington intensely to bring its anti-dumping rules closer in line with the EU’s approach.
Vietnam says US ‘non-market economy’ label is bad for bilateral ties
Vietnam’s ambassador to the United States on Tuesday urged Washington to end its « non-market economy » label on Hanoi, warning that maintaining the resulting punitive duties on Vietnamese goods is bad for increasingly close bilateral ties.
Deputy minister proposes establishment of Vietnam’s national carbon credit exchange
Vietnam should consider creating a national carbon credit exchange as it moves toward developing a low-carbon economy and proactively coping with climate change, a financial official told a meeting on Monday.
Việt Nam, Laos vow to raise bilateral trade turnover by 10-15 per cent
In 2023, the total bilateral trade turnover reached about $1.6 billion, a slight decrease of 2.1 percent year on year, but the import value from Laos surged by 4.2 per cent.
Vietnam seaports face risks despite gradual recovery this year
Despite the gradual recovery of the seaport industry, there are still several potential risks to consider in 2024.
Luxury brand reps nearly triple Vietnam profits
Vietnam’s distributors of luxury brands such as Louis Vuitton, Chanel, Dior and Hermes posted VND3.8 trillion ($156.57 million) in 2022 profits, up 270% year-on-year, according to latest data from a market research company.
Vietnam’s GDP expands 5.05 percent in 2023: stats office
Vietnam’s gross domestic product (GDP) grew 5.05 percent this year, lower than its target of 6.5 percent, according to the General Statistics Office (GSO).
Vietnam’s economic shine starting to fade
Vietnam’s 2023 growth underperforms as exports sag and concerns rise about unreliable power supplies and skilled labor shortages
A slower 2023 and uncertain 2024 for Vietnam’s economy
After two frustrating years of COVID-induced economic slowdown, Vietnam bounced back in 2022 with a strong performance — its GDP grew more than 8 per cent. In 2023, the government hoped that a stronger Chinese and global economy would allow…
Vietnam eyes China model to seek index upgrade, boost investment
Vietnam is planning to relax its stock market settlement procedures for foreign investors, a critical measure to convince equity index managers to uprade the country to emerging market status and attract hundreds of millions of dollars of new investment, sources…
Que dit le rapport de la BAD sur l’économie birmane ?
Des gains modérés dans l’industrie et les services ont été à l’origine d’une modeste reprise économique. Les développements suggèrent une croissance cette année et l’année prochaine conforme aux prévisions. L’incertitude politique et la poursuite des conflits internes compromettent les perspectives…
Vietnam to extend VAT cut until June despite $1bn revenue loss
The Vietnamese government said on Tuesday it plans to extend a rate cut for the value-added tax (VAT) until the end of June to boost domestic consumption and production as the global economy remains sluggish.
Vietnam lawmakers expect country to miss 2023 GDP growth target
Vietnam is expected to miss this year’s economic growth target, the country’s lawmaking body said on Monday.
Vietnam projects economic growth of up to 6.5%
The Planning and Investment Ministry has outlined three potential economic growth trajectories for 2024, with the peak gross domestic product (GDP) growth rate forecast at 6.5%.
Vietnam august exports slide, but factory output improves
Vietnam’s exports in August fell 7.6 per cent from a year earlier, official data showed on Tuesday, making a sixth straight month of decline as weak global demand weighs on the export-reliant economy.
PM Pham Minh Chinh welcomes Singapore PM for official visit
Prime Minister Pham Minh Chinh helmed the welcoming ceremony of his Singaporean counterpart Lee Hsien Loong at the Presidential Palace on Monday.
Un excédent commercial de plus de 15 milliards d’USD en sept mois
Au cours des sept premiers mois de l’année, le Vietnam a enregistré un excédent commercial estimé à 15,23 milliards d’USD. La situation socio-économique en sept mois s’est révélée plus positive que lors de la même période de l’année précédente, touchant…
Is Vietnam’s economic blip a blessing in disguise?
The current stagnation could shock the ruling Communist Party into putting economic policy back into sensible hands.
Vietnam : A resilient model of economic growth in a challenging global landscape
Despite a slight decline in quarterly economic growth from 5.92% in the fourth quarter of 2022 to 3.32%, Vietnam continues to maintain a positive growth rate.
Vietnam Q2 GDP growth accelerates but slowdown looms
Vietnam on Thursday reported faster economic growth in the second quarter, driven by the services sector, despite a slump in trade that analysts say could signal a slowdown ahead.
In search of greener pastures for sustainable growth in Vietnam
Like many nations, Vietnam’s growth prospects are challenged by conflicting objectives. The ruling Communist Party aims to reach high-income status by 2045, which would improve wellbeing indicators. But the Party has also committed to various environmental targets. In light of Vietnam’s susceptibility…
Vietnam to extend VAT cut until year-end to prop up slowing economy
Vietnamese lawmakers on Saturday approved a government plan to extend a reduction in value added tax (VAT) on goods and services until the end of this year to boost domestic consumption and production, as its export-driven economy faces headwinds from…
South Korea, Vietnam agree to boost security cooperation
South Korea and Vietnam agreed on Friday to boost security cooperation, citing North Korea’s nuclear threat, and committed to increasing bilateral trade and investment despite a slump this year and Vietnam’s planned tax hikes on large firms.
Vietnam plans to cut VAT to boost domestic spending
Vietnam plans to cut its value added tax (VAT) on goods and services to 8% from 10% to boost domestic consumption, state media reported on Wednesday, as its export-driven economy confronts headwinds from slowing global demand.
S’pore, Vietnam ink deals to boost cooperation in green, digital economies
Singapore and Vietnam inked fresh deals to step up cooperation in the digital and green economies, as they continue building on recent bilateral collaboration in these fields.