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. icon 1 minutes ago 0. icon. How Much Should We Worry About Laos’ Debt? News. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. Night-time economy waits for its bright days Sunday, Nov 29, 2020,18:32 (GMT+7) 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. For the past three decades, Vietnam has known only good -- or great -- economic news. Vietnam Economy News PVI climbs up list of 500 most profitable companies. 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 National English language daily, Outlook magazine. - VnExpress International Deputy Editor-in-Chief: Dang Thai Anh. Sorry, no headlines or news topics were found. Perspectives. 1. Vietnam's economy to expand 6.8% in 2021: WB. 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: Inflation drops to lowest level since February 2016 in November. News. A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. 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. 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. 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 The second conducive factor is the state of Vietnam’s consumer market. A low base effect would contribute a further to 6.5% growth next year. Vietnam… Well, a lot of those products are made in Vietnam,” he told the BBC. 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Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. 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 ongoing US-China trade war has also made China a less attractive place to manufacture, with a number of tariffs in place on exports. 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. Perspectives . 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 … Life. 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. “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. 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 ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. 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. November 17, 2020. 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). A low base effect would contribute a further to 6.5% growth next year. .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. 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. After three decades of growth that lifted millions out of poverty, Vietnam's economy is undergoing another transformation -- thanks to technology. Current News and the latest top stories in world news. HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable … Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. 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 per cent this year. Video. Vietnam Economic News. CNN speaks to Vietnam… Sports. Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”. 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. Apple now has plans to manufacture its high-end Airpods studio earphone in Vietnam. icon 20/12/2020 0. Realty sector suffers losses in nine months. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. © Copyright 1997 - 2020 NewsNow Publishing Limited. 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. The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. DataSpeaks . Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … 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. Well that’s a much more urgent, emotionally catalysing problem,” he added. This is cached page on VietNam Breaking News. .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. 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. The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … Life Trend Culture Style. Please try different keywords. Vietnam Economic Outlook. 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 … Vietnam: Industrial output records quickest growth since February in November. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. All rights reserved. Chia sẻ | FaceBook Twitter Email Copy Link 16/12/2020 16:48 GMT+7 ... Other News. What happens to your body in extreme heat? 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. .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. 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 … 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. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. Business Vietnamese economy bucks global trend. Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 00:14 11-Dec-20. 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. Video. Vietnam has had only 1,288 Covid-19 cases and 35 deaths. The report says that Vietnam’s economy will grow 3% this year while the global economy is expected to contract at least … The report says that Vietnam’s economy will grow 3% this year while the global economy … For the past three decades, Vietnam has known only good -- or great -- economic news. The report attributes Vietnam's economic performance to the resilience of both its domestic economy and the external sector. (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. The economy began the fourth quarter on a robust footing according to available data. 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". 13 October; 1 min read; 6; view. All section. 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. Administration of Radio, Television and E-information under the Ministry of Industry and Trade Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. The nation’s consistent growth as an exporter, propelled by Communist leaders who … Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. 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