The Hanoitimes – Further monetary and fiscal support in the second half of this year could push growth closer to the government’s target of 4-5%. Vietnam’s 2020 growth is expected to slow to a multi-year low of 3% on soft external demand as global headwinds are likely to weigh on growth, offsetting domestic outperformance, Standard Chartered […]
Read MoreVietnam has a great opportunity to receive new FDI, but it has been warned of the ‘the other side of the coin’. According to the General Statistics Office (GSO), foreign investors registered $15.7 billion of FDI in the first six months of the year, a 15.1 percent decrease compared with the same period last year. […]
Read MoreThe Hanoitimes – US-tech giant Google looks to build long-term cooperation with Vietnam. Google, with its experience, is willing to support the development of Vietnamese enterprises and looks to build long-term cooperation with Vietnam, according to Scott Beaumont, president of Google in Asia Pacific. Enterprises with high level of digitalization would grow twice as fast as […]
Read MoreThe Hanoitimes – The ability for Vietnam’s textile industry to take advantage of the EU – Vietnam trade deal will depend on the local domestic supply chain. Requirements for product origin under the EU–Vietnam Free Trade Agreement (EVFTA), would bring an opportunity for Vietnam to restructure its textile industry, according to Viet Dragon Securities Company (VDSC). […]
Read MoreThe number of consumer loans has been increasing rapidly, but the legal framework to control the activities is not strong. To eliminate ‘black credit’, experts are urged to set up policies to encourage the establishment of finance companies which allow more clients to access consumer loans. The State Bank of Vietnam (SBV) also encourages credit […]
Read MoreThe Hanoitimes – The development of a Covid-19 vaccine is necessary for the Vietnam’s economy to return to its pre-Covid-19 status. There is a high possibility that Vietnam’s annualized GDP growth would be around 3.8% this year, close to the government’s target of 4%, according to Pham The Anh, chief economist of the Hanoi-based Vietnam Institute […]
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