Prospects and challenges for Vietnam’s economy in 2022
Vietnam was an economic star in 2020, as it managed to control the COVID-19 pandemic while maintaining one of the highest growth rates in the world.
Vietnam must redefine scope and scale of digital economy
The Chief Economist of the state-owned Bank for Investment and Development of Vietnam (BIDV) stated that the current method of calculating the scale of the digital economy “only reaches the core”, while digital transformation is spreading rapidly into many industries…
Online shopping boom in Vietnam likely to continue in 2022
Online shopping will continue to do well this year even if the COVID-19 pandemic ends, experts have said. The digital economy saw massive growth in Southeast Asia last year, driven by the rise of e-commerce, according to a recent report.
Are Australia-Vietnam relations set to reach new heights in 2022 ?
An opportunity to upgrade the Australia-Vietnam partnership is within reach, but both sides should take concrete steps to realize this goal.
Vietnam needs ‘miraculous’ changes to industrialize
There were two events at the end of 2021 that left a strong impression on me and motivated me to write this.
Vietnam approves $15.3 billion in aid for COVID-hit economy
Government says it seeks ‘sustainable’ growth that ensures macroeconomic stability while controlling inflation.
Vietnam to extract long-term gains from world’s largest trade pact
The world’s largest trade pact RCEP will boost Vietnam’s trade in the long run as the country becomes part of a bigger supply chain, experts say.
Vietnam seeks $15.3 billion stimulus package to prop up virus-hit economy
Vietnam plans to spend 347 trillion dong ($15.25 billion) for the 2022-23 period to cushion the economic blow from the COVID-19 pandemic and assist businesses hurt by tough curbs, the country’s planning ministry said on Tuesday.
Vietnam’s growth slides to new 30-year low
Vietnam reported economic growth of just 2.58% on Wednesday, beating a 30-year low set last year as the pandemic continues to take a toll.
Why Vietnam took Philippines’ spot as worst place to be in Covid
Vietnam was once regarded as a success story in containing Covid-19, reporting only a handful of daily cases for the entire first year of the pandemic.
Vietnam’s economic outlook optimistic
Vietnam’s economy should get back to gross domestic product (GDP) growth of 6.8% next year, which will be driven by a return of strong foreign direct investment (FDI) into the market, mainly focusing on the manufacturing sector, according to HSBC…
Vietnam ambassadors abroad want flights resumed, quarantine ended soon
Vietnamese envoys to several countries have urged the government to quickly resume commercial flights and end quarantine requirements, saying the demand to travel to Vietnam is huge.
Worst of covid’s economic fallout over
The worst economic impacts of the Covid-19 are behind Vietnam and many potentials are lying ahead on the country’s recovery progress, the CEO of HSBC Vietnam said.
Why improving Vietnam–UK relations matters for the Indo-Pacific
Vietnam’s prime minister, Pham Minh Chinh, made a very successful trip to the United Kingdom in early November, putting the rapidly improving relations between the two countries into the spotlight.
Reopening in Vietnam needs to be more quickly accelerated
Vietnamese leaders have made a clear message for reopening but some obstacles in vaccination, quarantine, and traveling regulation still exist and need to be rapidly solved.
Vietnam looks to raise public debt ceiling to spur growth and expects 2021 inflation to stay at 4%
Vietnam is considering a raising of the ceiling on its public debt from the current level of 60% of gross domestic product to shore up an economy hit by the coronavirus, its investment minister has announced.
Vietnam PM promises economy will rebound from COVID-19 hit
Vietnam’s exports are likely to rise 10.7% in 2021, with annual inflation expected below 4%, the prime minister said on Wednesday, promising lawmakers that economic revival lay ahead.
State-owned companies accumulate $505 mln losses
Vietnam’s 11 largest state-owned corporations had accumulated losses of VND11.46 trillion ($505 million) as of last year.
Vietnam’s hidden debts to China expose its political risks
Although Vietnam’s Chinese debt burden is low compared to some of its neighbors, it is still a worry for the Communist Party mandarins in Hanoi.
Vietnam GDP growth forecast at 3-3.5 pct this year
The Ministry of Planning and Investment estimates the country’s GDP growth in 2021 at 3-3.5 percent, down 0.5 percentage points from the forecast in September.
Vietnam posts record GDP slump in Q3 due to COVID-19 curbs
Vietnam’s gross domestic product contracted 6.17% in the third quarter of 2021 from a year earlier as pandemic restrictions hit, the sharpest quarterly decline on record, government data released on Wednesday showed.
Vietnam to relax COVID-19 restrictions to revive pandemic-hit economy
Vietnam plans to ease coronavirus curbs and allow businesses to restart production from next week to prop up an economy which has suffered under lengthy lockdowns, Prime Minister Pham Minh Chinh said on Saturday.
Why Vietnam is pushing ahead with the Phu Quoc tourism sandbox
Some Asian nations’ headlong push to restart tourism is a function of deeper structural imbalances in the global political economy.
China’s regional stance gives the US a chance to deepen ties with Vietnam
Hanoi has been tempted to shift away from neutrality as tensions rise with Beijing.
Vietnam’s status as manufacturing powerhouse is shaken by Covid surge
The Delta variant is causing havoc in Ho Chi Minh City, disrupting business and supply chains of global brands.
Vietnam struggles to keep open manufacturing hub Binh Duong as Covid-19 cases surge
Binh Duong province is the country’s second-largest recipient of accumulated foreign direct investment after nearby Ho Chi Minh City. The government expects 50,000 new cases there in the next fortnight. The government allowed factories in industrial zones to stay open…