vietnam economy news

The British bank estimated a three percent increase in GDP in 2020 and 7.8 percent in 2021. Business Vietnamese economy bucks global trend. About half of all businesses in Vietnam have downsized because of COVID-19, according to a survey by the Private Economic Development Research Board, as cited by domestic news … Sorry, no headlines or news topics were found. ADB revises up Vietnam’s 2020 GDP growth forecast to 2.3% : Thursday, Dec 10, 2020,17:52 (GMT+7) HCMC - The Asian Development Bank (ADB) has revised up Vietnam’s gross domestic product (GDP) growth forecast in 2020 to 2.3% from the previous estimate of 1.8% in September, attributing the upgrade to the strength of accelerated public investment, revived domestic … The largest industries here are services which make up 49.75% of the GDP, industry which makes up 33.25%, and agriculture which makes up 17% of GDP. "This creates additional demand, compensating for Covid and … According to the ADB’s Asian Development Outlook 2020 report published on April 3, 2020, Vietnam’s economic growth will decline sharply to 4.8 percent in 2020 but bounce back up to 6.8 percent in 2021, provided the pandemic is contained. VideoHow a girl's fairy house sparked a magical friendship, 'People have Zoom fatigue but it's not our fault', Tech trends in 2021: Fast planes and homeworking. The report provides a detailed look at the policy toolbox that could help Vietnam stabilize the economy, reduce investment needs in the coming austerity period, and achieve climate targets in both the short and longer terms. The BBC is not responsible for the content of external sites. © Copyright 1997 - 2020 NewsNow Publishing Limited. About half of all businesses in Vietnam have downsized because of COVID-19, according to a survey by the Private Economic Development Research Board, as cited by domestic news … By Alice Philipson and Tran Thi Minh Ha. Monday, December 21, 2020 | 23:59:00 (VOVWORLD) - Vietnam's GDP is forecast to grow 6.8% next year and stabilize at around 6.5% thereafter, according to a report released by the World Bank (WB) on Monday. 13 October; 1 min read; 1; view. How a girl's fairy house sparked a magical friendship. According to a recent study by Standard Chartered, the Vietnamese economy will most likely be one of the few to grow this year in Southeast Asia, if not the only one. The economic impact of Covid-19”, although the Vietnamese economy suffered from Covid-19 in the first half of 2020, prospects remain positive in the short and medium term. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. Rice exporters have … Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. Vietnam’s exports to the US have increased by 23% in the first three quarters compared to the same period in 2019, with electronics exports up 26%. To expand the efficiency of the programme at more Vietnamese enterprises, Samsung and the Ministry of Industry and Trade have completed a training course for 207 Vietnamese consultants. November 29, 2020 According to the ADB’s Asian Development Outlook 2020 report published on April 3, 2020, Vietnam’s economic growth will decline sharply to 4.8 percent in 2020 but bounce back up to 6.8 percent in 2021, provided the pandemic is contained. For the past three decades, Vietnam has known only good -- or great -- economic news. What happens to your body in extreme heat? HANOI, Nov 20 ― Vietnam is shaping up as Southeast Asia's single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, reported Vietnam News Agency (VNA) citing Nikkei Asia report yesterday. New Delhi: Describing Vietnam as an important partner in India's Indo-Pacific vision, Prime Minister Narendra Modi on Monday said cooperation between the two countries can contribute to maintaining peace and stability in the region. Vietnam: Inflation drops to lowest level since February 2016 in November. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. (VOVWORLD) - Vietnam's GDP is forecast to grow 6.8% next year and stabilize at around 6.5% thereafter, according to a report released by the World Bank (WB) on Monday. Click to get a sign-in link sent to your email. A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. Vietnam, China co-chair 18th East Asia Forum Vietnam Plus 22:02 10-Dec-20. For the past three decades, Vietnam has known only good -- or great -- economic news. After three decades of growth that lifted millions out of poverty, Vietnam's economy is undergoing another transformation -- thanks to technology. Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. Việt Nam national team manager Park Hang-seo was adamant that his star defender Đoàn Văn Hậu's brief loan spell at SC Heerenveen in the Netherlands was positive for both player and country, calling it a "meaningful experience". Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. The ongoing US-China trade war has also made China a less attractive place to manufacture, with a number of tariffs in place on exports. Vietnam… Vietnam Economy News Military-run telecom giant Viettel to sell 6 per cent stake in Viettel Post. Vietnam… 1. News. The report says that Vietnam’s economy will grow 3% this year while the global economy is expected to contract at least … Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. Lockdown in Vietnam lasted only three weeks, and the country has been among the first to open for business. Well, a lot of those products are made in Vietnam,” he told the BBC. The mouthpiece of the Ministry of Industry and Trade. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region, such as Thailand, where the IMF predicts the economy to slump by 7.1 per cent this year. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. Its economy is expected to … Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. Perspectives . Although Vietnam lacks the health infrastructure of many wealthier countries, it has been widely praised for its public health measures, which quickly brought numbers under control. Vietnam economy continues to strengthen, reports VDSC. How Much Should We Worry About Laos’ Debt? Vietnam Economy News PVI climbs up list of 500 most profitable companies. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}French agree to ease virus travel ban. News. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20. In Vietnam, the old age dependency ratio, which compares the number of people 60 and older to 15–59 year-olds, is expected to double in the next 25 years, and replacement rates are around 70 percent, significantly above the 54 percent average for counties in the Organization for Economic Cooperation and Development (OECD). The National English language daily, Outlook magazine. 13 October; 2 min read; Vietnam Economy News Hà Nội Gift Show to feature 400 pavilions. The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … CNN speaks to Vietnam… .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Covid-19: French agree to ease virus travel ban.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Coronavirus: EU urges countries to lift UK travel bans2, Karima Baloch: Pakistani rights activist found dead in Toronto3, Alex Padilla to replace Kamala Harris in US Senate4, Coronavirus spreads to Antarctic research station5, France bans use of drones to police protests in Paris6, Nicola Sturgeon broke Covid rules at funeral7, Widowed penguins hug in award-winning photo8, Giant iceberg A68a shatters into large fragments9, Viral 'butt-less' pyjamas ad sparks confusion10. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. .css-14iz86j-BoldText{font-weight:bold;}Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. Deputy Editor-in-Chief: Dang Thai Anh. Administration of Radio, Television and E-information under the Ministry of Industry and Trade The new target comes as gross domestic product for the export-led Vietnamese economy grew just 0.36% in the second quarter, down sharply from 3.8% in the January to March period. Vietnam Economy News VIB's pre-tax profit surges 52% in Q3. The IMF is predicting a strong economic recovery in 2021, with growth projected to strengthen to 6.5% “as normalisation of domestic and foreign economic activity continues.”. The United States Treasury on Wednesday labelled Switzerland and Vietnam as currency manipulators and placed 10 other countries including China … Besides, the external sector, the … Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 percent this year. 13 October; 1 min read November 29, 2020. A low base effect would contribute a further to 6.5% growth next year. - VnExpress International At a virtual summit with Vietnamese Prime Minister Nguyen Xuan Phuc, Modi said India looks at its ties with Vietnam with a long-term and strategic perspective. Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. The second conducive factor is the state of Vietnam’s consumer market. Woman in Da Nang runs shelter for homeless dogs and cats. Vietnam: Industrial output records quickest growth since February in November. © 2020 BBC. After completing the course, Vietnamese consultants were selected by the ministry to support quality improvements in production for Vietnamese enterprises in the fields of manufacturing, processing and … Video. Vietnam’s manufacturing sector has grown enormously over the past decade because businesses have started to look elsewhere as labour costs in China increased. Besides the containment of the pandemic by bold, early and innovative measures, the Vietnamese government has also used its fiscal and monetary policies to provide breathing space for the private sector and jump-start the recovery. A low base effect would contribute a further to 6.5% growth next year. The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. Business Economy Industries Companies DataSpeaks. Read more. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 percent this year. All rights reserved. Accordingly, Vietnam’s gross domestic product (GDP) is forecast to expand 2.8 percent in 2020 and 6.8 percent in 2021 in favorable conditions, and 1.5 percent in 2020 and 4.5 percent in 2021 in less favorable … The report says that Vietnam’s economy will grow 3% this year while the global economy … 13 October; 1 min read; 6; view. However, the tourism sector remained downtrodden due to the border closure. Travel. Perspectives. November 17, 2020. A rebounding economy and a new trade deal are reasons why the outlook for Vietnam is positive despite the coronavirus pandemic, said Edward Teather of UBS Research. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Read about our approach to external linking. Sports. Perhaps the most unexpected windfall has come from the huge increase in the number of people working from home globally. HCMC - Vietnam achieved a record high trade surplus of US$20.1 billion in the January-November period although the Covid-19 pandemic continues to show complicated developments, challenging the global economy, according to the General Statistics Office. All section. Video, How a girl's fairy house sparked a magical friendship, Covid-19: French agree to ease virus travel ban, Coronavirus: EU urges countries to lift UK travel bans, Karima Baloch: Pakistani rights activist found dead in Toronto, Alex Padilla to replace Kamala Harris in US Senate, Coronavirus spreads to Antarctic research station, France bans use of drones to police protests in Paris, Nicola Sturgeon broke Covid rules at funeral, Widowed penguins hug in award-winning photo, Giant iceberg A68a shatters into large fragments, Viral 'butt-less' pyjamas ad sparks confusion, Fifteen countries sign world's biggest trade deal, Vietnam police seize 320,000 used condoms, Explaining the world's biggest trade deal. Business. The economy began the fourth quarter on a robust footing according to available data. All the latest news in Vietnam - Breaking news and video. Home / News. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 09:28 11-Dec-20 Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 05:14 11-Dec-20 Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 per cent this year. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. HANOI, Nov 20 ― Vietnam is shaping up as Southeast Asia's single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, reported Vietnam News Agency (VNA) citing Nikkei Asia report yesterday. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. DataSpeaks . VIETNAM BUSINESS NEWS OCTOBER 14; VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13; Vietnam to post economic growth of 6.6 pct in 2019: WB; Vietnam’s economy maintains positive outlook have 234 words, post on ven.vn at August 30, 2020. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. It depends, 1,000 lost on one boat - this woman hopes to name them, Wuhan scientist 'welcomes' visit over lab leak claim, Twitter's copyright policy 'used to silence activists', .css-q4by3k-IconContainer{display:none;height:1em;width:1em;vertical-align:-0.125em;margin-right:0.25em;}playHow a girl's fairy house sparked a magical friendship. The industry is set to record double-digit growth in the 2020-2025 period and is set to reach a value of $7.7 billion next year, according to a report by brokerage Yuanta Vietnam. WEBSITE VIETNAM ECONOMIC NEWS - MINISTRY OF INDUSTRY AND TRADE. Vietnam has ‘plenty of activity’ in its foreign direct investment pipeline: UBS Vietnam is among the “brightest” spots in Asia despite the challenge … Gross domestic product (GDP) in the third quarter of 2020 is estimated to increase by 2.62% over the same period last year, which is the lowest increase between 2011 and 2020. Life. Well that’s a much more urgent, emotionally catalysing problem,” he added. 13 October; 1 min read; Vietnam Economy News Charity programme mobilised from 12,000 sponsors. Vietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the … Consumer prices fell 0.01% in November over the previous month, contrasting October's 0.09% rise. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. Vietnam's economy to expand 6.8% in 2021: WB. Vietnamese experts' estimates are below those of several international organizations. A rebounding economy and a new trade deal are reasons why the outlook for Vietnam is positive despite the coronavirus pandemic, said Edward Teather of UBS Research. News. Current News and the latest top stories in world news. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. EU urges its members to lift UK travel bans, France bans use of drones to police Paris protests, Can pregnant women receive the vaccine? A 2018 report by Google and Singaporean investment company Temasek described Vietnam's digital economy -- which is growing at more than 40% a year -- … Apple now has plans to manufacture its high-end Airpods studio earphone in Vietnam. It climbed nine places from last year to 33rd in the list of the world’s 100 most valuable brands compiled by Brand Finance, a U.K. consultancy. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. HANOI, Dec 16 (AFP) -- A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 per cent this year. Chia sẻ | FaceBook Twitter Email Copy Link 16/12/2020 16:48 GMT+7 ... Other News. icon 1 minutes ago 0. icon. Realty sector suffers losses in nine months. The country has seen slower growth this year and its once-thriving tourism sector has taken a particularly bad hit, but it has avoided the worst economic effects of the pandemic. By Dat Nguyen October 9, 2020 | 03:24 pm GMT+7 Workers make garment products at a factory in the southern province of Long … “When Covid comes, you thought you had a global supply chain, and you find out that you only have a China supply chain and you can’t produce. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Travel Places Food. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 percent this year. EU nationals and those transporting goods internationally can return - if they have a recent negative test. BUSINESS icon 16/12/2020 Many realty companies reported losses in the first nine months of this year, due to the COVID-19 pandemic, tightening credit measures and legal hindrances. 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