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Unprecedented: Vietnam’s GDP in Q3/2021 drops 6.17%

Data released by the General Statistics Office of Vietnam on September 29 showed that the gross domestic product (GDP) in the third quarter of 2021 decreased by 6.17% year on year, the biggest drop since Vietnam began publishing its quarterly GDP. Specifically, the agriculture, forestry and fishery sectors increased by 1.04%; the industry and construction […]

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Vietnam works on single Covid-19 response policy

Vietnam is expected to transpose the country’s commitments in free trade agreements into law in compliance with international practices. The National Assembly (NA) and the Government are working on a single Covid-19 response policy that is set to be adopted at both central and local levels with certain flexibility and modification given to localities. NA […]

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Vietnam to reopen the economy – It’s time

“Many won’t die from the disease but being unable to make a living,” Vu Van Tien, President of Geleximco Group gave his view at a meeting with the government last week to stress the need of reopening the economy, noting that it’s time for enterprises to “save themselves”. In a letter sent to the government […]

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Vietnam’s lockdown ensnares world’s clothing giants

AFP – From shoes and sweaters to car parts and coffee, Vietnam’s strict and lengthy Coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation’s manufacturers. The snarl-ups at Vietnam’s factories are part of a broader crisis around the planet that is […]

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