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 … November 17, 2020. 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 … Well that’s a much more urgent, emotionally catalysing problem,” he added. 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. Sports. Vietnam economy to expand 7.1 pct in 2021: UOB. “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. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Read about our approach to external linking. 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How Much Should We Worry About Laos’ Debt? By Dat Nguyen October 9, 2020 | 03:24 pm GMT+7 Workers make garment products at a factory in the southern province of Long … .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. Perhaps the most unexpected windfall has come from the huge increase in the number of people working from home globally. Vietnam has ‘plenty of activity’ in its foreign direct investment pipeline: UBS Vietnam is among the “brightest” spots in Asia despite the challenge … DataSpeaks . Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. Chia sẻ | FaceBook Twitter Email Copy Link 16/12/2020 16:48 GMT+7 ... Other News. 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.”. Travel Places Food. November 29, 2020. © 2020 BBC. Its economy is expected to … Click to get a sign-in link sent to your email. The National English language daily, Outlook magazine. 13 October; 1 min read 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. Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. The report says that Vietnam’s economy will grow 3% this year while the global economy … 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. A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. 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Vietnam’s manufacturing sector has grown enormously over the past decade because businesses have started to look elsewhere as labour costs in China increased. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. A low base effect would contribute a further to 6.5% growth next year. The second conducive factor is the state of Vietnam’s consumer market. November 29, 2020 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. 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Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … 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. Administration of Radio, Television and E-information under the Ministry of Industry and Trade Vietnam Economy. The United States Treasury on Wednesday labelled Switzerland and Vietnam as currency manipulators and placed 10 other countries including China … HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable … 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 IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. However, the tourism sector remained downtrodden due to the border closure. Perspectives. Vietnam has become the fastest growing nation brand, with its value skyrocketing 29 percent to $319 billion in the latest global rankings. News. The mouthpiece of the Ministry of Industry and Trade. GDP growth. Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. Business. The economy began the fourth quarter on a robust footing according to available data. .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. Vietnamese experts' estimates are below those of several international organizations. 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. Vietnam’s rapidly growing pharmaceutical industry has been a magnet for foreign firms. Sorry, no headlines or news topics were found. 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. Vietnam economy continues to strengthen, reports VDSC. EU nationals and those transporting goods internationally can return - if they have a recent negative test. EU urges its members to lift UK travel bans, France bans use of drones to police Paris protests, Can pregnant women receive the vaccine? 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. 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. (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 has had only 1,288 Covid-19 cases and 35 deaths. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. .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. Vietnam Economy News VIB's pre-tax profit surges 52% in Q3. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. 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. icon 20/12/2020 0. 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. 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. 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. Read more. News. 13 October; 1 min read; Vietnam Economy News Charity programme mobilised from 12,000 sponsors. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. Realty sector suffers losses in nine months. It was quick to develop testing kits, and used a combination of strategic testing, aggressive contact tracing to help control numbers. 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). Travel. Life Trend Culture Style. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. The Southeast Asian country has good economic performance to the resilience of both its domestic economy and external sector, World Bank commented. For the past three decades, Vietnam has known only good -- or great -- economic news. 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. The report attributes Vietnam's economic performance to the resilience of both its domestic economy and the external sector. Vietnam… Rice exporters have … 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 Top Export Goods And Partners. ... German newspaper praises Vietnam’s efforts in coping with economic crisis. The nation’s consistent growth as an exporter, propelled by Communist leaders who … Vietnam's economy to expand 6.8% in 2021: WB. Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. 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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). Vietnam… - VnExpress International 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. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. This is cached page on VietNam Breaking News. Lockdown in Vietnam lasted only three weeks, and the country has been among the first to open for business. 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. Vietnam Economic News. 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. Publication Permit: 456/GP-BTTTT dated November 18, 2013. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … icon 1 minutes ago 0. icon. 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. 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. 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. 1. Vietnam: Industrial output records quickest growth since February in November. Please try different keywords. Apple now has plans to manufacture its high-end Airpods studio earphone in Vietnam. 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. News. Vietnam, China co-chair 18th East Asia Forum Vietnam Plus 22:02 10-Dec-20. Perspectives . A low base effect would contribute a further to 6.5% growth next year. Night-time economy waits for its bright days Sunday, Nov 29, 2020,18:32 (GMT+7) Well, a lot of those products are made in Vietnam,” he told the BBC. 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 government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Current News and the latest top stories in world news. .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. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. After three decades of growth that lifted millions out of poverty, Vietnam's economy is undergoing another transformation -- thanks to technology. 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. All rights reserved. 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. 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 … 13 October; 1 min read; 1; view. Vietnam Economic Outlook. 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 … Business Economy Industries Companies DataSpeaks. Vietnam: Inflation drops to lowest level since February 2016 in November. © Copyright 1997 - 2020 NewsNow Publishing Limited. CNN speaks to Vietnam… WEBSITE VIETNAM ECONOMIC NEWS - MINISTRY OF INDUSTRY AND TRADE. Sports. 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%. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … The BBC is not responsible for the content of external sites. Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. Been among the first 9 months of 2020 compiled by VietnamCredit such as roads and bridges said! Most unexpected windfall has come from the huge increase in GDP in 2020 and 7.8 percent in 2021 UOB... Mainly reliant on vietnam economy news direct investments in order to promote growth Asia Forum Vietnam Plus 10-Dec-20! 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