Vietnam’s ‘mini-China’ days may be numbered
President Phuc’s likely forced resignation could signal a less reform-friendly direction in one of Asia’s hottest economies.
Cracks showing in Vietnam’s economic miracle
Vietnam has benefitted hugely from China decoupling trend but a slowdown in exports threatens to reverse many recent gains.
Vietnam to lead Southeast Asia in salary hike next year
Vietnam is poised to lead Southeast Asia in salary hikes next year as businesses seek to keep workers amid forecasts of inflation, a survey has found.
Vietnam 2022 GDP growth quickens to 8.02%, fastest since 1997
Vietnam’s economy grew 8.02% in 2022, the fastest annual pace since 1997, backed by strong domestic retail sales and exports, but is facing headwinds from a global slowdown.
Apple to start MacBook production in Vietnam next year
Apple’s MacBooks are set to be produced in Vietnam starting next year for the first time, the latest of several Apple products that will be shifted to the country.
Vietnam’s ‘Mini-China’ days are numbered. It’s a good thing.
Vietnam has long been the closest thing Asia has to the economic equivalent of a pendulum.
Vietnam urged to get China-backed railway project on track, avoid ‘missed opportunities’ despite concerns
Preliminary planning for the 392 km-long (244 miles) Lao Cai-Hanoi–Haiphong standard gauge railway was finished in 2019 having first been mentioned in 2015. Once constructed, it will link the capital of China’s southwestern Yunnan province to one of Vietnam’s busiest…
Vietnam will keep aiming to control inflation, ensure macro-stability, prime minister says
Vietnam will stick to its target to keep inflation under control and ensure macroeconomic stability, Prime Minister Pham Minh Chinh said on Saturday, as the economy faces fresh challenges.
China, Vietnam sign 13 deals, and 1 stands to reshape economic relations
Vietnam is looking to mitigate potential long-term problems in its sourcing of raw materials, which its export sector depends heavily on. Deals were signed during visit to China this week by Vietnam’s chief, Nguyen Phu Trong, who became the first…
Doi moi’s time comes again for Vietnam
In late August 2022, news broke that Apple was in talks to manufacture its famed Apple Watches and MacBooks in Vietnam for the first time. Some view this as a move by transnational corporations and their core suppliers to diversify their production…
Bank run shows risks from widening Vietnam corruption probes
It was a jarring image for one of the world’s fastest growing economies: Scores of Vietnamese flooded branches of the nation’s fifth-largest bank to pull out their savings amid rumors the lender was tied to a real estate conglomerate under…
Vietnam economy seen growing 8% in 2022, beating official target – govt
Vietnam’s economy is expected to grow 8% this year, beating an official target for an expansion of 6.0%-6.5%, the government said on Tuesday.
Kingdom, Vietnam hail rise in bilateral trade despite Covid-19 pandemic
Cambodia and Vietnam have welcomed the rise in bilateral trade despite the Covid-19 pandemic and stressed their commitment to increase trade cooperation further.
Why Vietnam’s economic future is bright – and growing brighter
Despite some potential headwinds, Vietnam is well positioned to capitalize economically on the growing Sino-American competition.
Vietnam becomes Asia’s economic leader as China’s growth decelerates
Elsewhere in Southeast Asia, the picture was cautiously positive as the region’s economies finally moved out of their pandemic-induced slumps.
Vietnam fights for foreign investors
Foreign direct investment in Vietnam continues to increase, rising from US$11.57 billion in July to US$12.8 billion in August 2022, signalling the country’s recovery from COVID-19. The growth is partly due to Hanoi’s consistent efforts to provide a safe and welcoming environment for foreign…
Australia needs a smarter strategy for investing in Vietnam
Bilateral relations have advanced considerably over the past decade, but Canberra can do a lot more to engage economically with Hanoi.
Vietnam is growing at 7%. Hanoi can do a lot better
Vietnam is buzzing. Global companies from Samsung Electronics Co. to Lego Group are opening mega factories there.
Ample opportunities to level up Australia-Vietnam relations
With the election of a new Australian government, the chance to elevate ties between Hanoi and Canberra to the level of a comprehensive strategic partnership is within reach.
Textile and garment firms fear drop in profit as orders slow down
Textile firms are bracing for a profit plunge in the second half of this year, with the number of new orders slowing down since the middle of the second quarter.
Vietnam has 3rd highest number of online video piracy consumers in Southeast Asia
Online video piracy is worsening in Vietnam with the number of users watching or listening to pirated stuff estimated at 15.5 million, the third highest in the Southeast Asia.
Why Vietnam should be worried about Laos’ economic crisis
The country’s travails could deepen China’s influence and destabilize the longstanding alliance between Hanoi and Vientiane.
Vietnam targets 7% GDP growth this year, investment minister says
Nguyen Chi Dung’s latest mark beats previous official range of 6-6.5%
Vietnam Q2 GDP growth quickens alongside price pressures
Vietnam’s economy grew at a 7.72% annual pace in the second quarter on the back of robust exports, government data showed on Wednesday, though authorities noted challenges such as rising inflation for the second half of the year.
Retirement not an option for most Vietnamese senior citizens
As the sole breadwinner of a family that can barely afford to make ends meet, Huong has no idea how she would be able to take care of herself after retirement.
Vietnam eyes pragmatic gains from the Indo-Pacific economic framework
Participation in the new U.S. initiative could advance Vietnam’s aspiration for economic gains and a firm status in the regional economic architecture, but its full-fledged engagement is unlikely.