A low base effect would contribute a further to 6.5% growth next year. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20 Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20 Vietnam: Inflation drops to lowest level since February 2016 in November. 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. 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. HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable Development Solutions Network, partly … The economy of Vietnam is a socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP). Video. 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. Perspectives. A low base effect would contribute a further to 6.5% growth next year. Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20. Vietnam Economy. A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … WEBSITE VIETNAM ECONOMIC NEWS - MINISTRY OF INDUSTRY AND TRADE. The National English language daily, Outlook magazine. âWhen Covid comes, you thought you had a global supply chain, and you find out that you only have a China supply chain and you canât produce. However, the tourism sector remained downtrodden due to the border closure. Vietnamâs 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%. (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. 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Travel Places Food. The BBC is not responsible for the content of external sites. 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. A 2018 report by Google and Singaporean investment company Temasek described Vietnam's digital economy -- which is growing at more than 40% a year -- … Vietnam economy to expand 7.1 pct in 2021: UOB. GDP growth. The IMF is predicting a strong economic recovery in 2021, with growth projected to strengthen to 6.5% âas normalisation of domestic and foreign economic activity continues.â. © 2020 BBC. 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The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. 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. Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. Apple now has plans to manufacture its high-end Airpods studio earphone in Vietnam. 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. 13 October; 1 min read; 6; view. November 29, 2020. The mouthpiece of the Ministry of Industry and Trade. 1. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. 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. .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. 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 … Video. News. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … © Copyright 1997 - 2020 NewsNow Publishing Limited. Life Trend Culture Style. 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 … - VnExpress International 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. Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Vietnam has ‘plenty of activity’ in its foreign direct investment pipeline: UBS Vietnam is among the “brightest” spots in Asia despite the challenge … 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. .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. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. 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 … Administration of Radio, Television and E-information under the Ministry of Industry and Trade Business Economy Industries Companies DataSpeaks. Vietnam economy continues to strengthen, reports VDSC. 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 Realty sector suffers losses in nine months. Vietnam Economic Outlook. Publication Permit: 456/GP-BTTTT dated November 18, 2013. The nation’s consistent growth as an exporter, propelled by Communist leaders who … 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". 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. Vietnam: Industrial output records quickest growth since February in November. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. News. Night-time economy waits for its bright days Sunday, Nov 29, 2020,18:32 (GMT+7) 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. 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. Vietnam’s rapidly growing pharmaceutical industry has been a magnet for foreign firms. This is cached page on VietNam Breaking News. 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. Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. What happens to your body in extreme heat? 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. 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. All rights reserved. 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. .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. Vietnam… icon 1 minutes ago 0. icon. Business. 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. Deputy Editor-in-Chief: Dang Thai Anh. Vietnam's economy to expand 6.8% in 2021: WB. Home / News. EU nationals and those transporting goods internationally can return - if they have a recent negative test. Rice exporters have … For the past three decades, Vietnam has known only good -- or great -- economic news. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. November 17, 2020. Perspectives . The Southeast Asian country has good economic performance to the resilience of both its domestic economy and external sector, World Bank commented. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. 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 … Current News and the latest top stories in world news. It was quick to develop testing kits, and used a combination of strategic testing, aggressive contact tracing to help control numbers. Read more. icon 20/12/2020 0. Woman in Da Nang runs shelter for homeless dogs and cats. HANOI, Dec 16 (AFP) -- A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … 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. The second conducive factor is the state of Vietnam’s consumer market. 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 … 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. 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. 13 October; 1 min read; Vietnam Economy News Charity programme mobilised from 12,000 sponsors. Vietnam Economy News Military-run telecom giant Viettel to sell 6 per cent stake in Viettel Post. EU urges its members to lift UK travel bans, France bans use of drones to police Paris protests, Can pregnant women receive the vaccine? The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Lockdown in Vietnam lasted only three weeks, and the country has been among the first to open for business. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. DataSpeaks . Sports. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … 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. Please try different keywords. The British bank estimated a three percent increase in GDP in 2020 and 7.8 percent in 2021. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. 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. Vietnam Economic News. By Alice Philipson and Tran Thi Minh Ha. âPeople have bought a new laptop computer or theyâve bought new office furniture, for both working and spending more time at home. HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable … 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. How Much Should We Worry About Laos’ Debt? The report attributes Vietnam's economic performance to the resilience of both its domestic economy and the external sector. All section. Click to get a sign-in link sent to your email. 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. All the latest news in Vietnam - Breaking news and video. How a girl's fairy house sparked a magical friendship. 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 Vietnam, China co-chair 18th East Asia Forum Vietnam Plus 22:02 10-Dec-20. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. 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Well thatâs a much more urgent, emotionally catalysing problem,â he added. Its economy is expected to … Business Vietnamese economy bucks global trend. The report says that Vietnam’s economy will grow 3% this year while the global economy is expected to contract at least … Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. 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. For the past three decades, Vietnam has known only good -- or great -- economic news. Vietnam Economy News VIB's pre-tax profit surges 52% in Q3. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. News. 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. 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. Steps to contain the health and economic fallout from COVID-19â for the countryâs success,... Catalysing problem, â he told the BBC is not responsible for the countryâs.. The government has also helped cushion the economic blow by pouring money into infrastructure projects as... Compiled by VietnamCredit perspective for a number of years now Twitter email Copy link 16/12/2020 16:48 GMT+7... News... Both working and spending more time at home plans to manufacture its high-end Airpods earphone. 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