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High productivity key for Vietnam to pursue inclusive growth

The Hanoitimes – Vietnam’s manufacturing labor productivity remains around a quarter of China’s and Malaysia’s, one third of Indonesia’s and the Philippines’, a half of India’s and Thailand’s, and just around 7% of Japan’s and South Korea’s. Boosting the growth of manufacturing productivity and innovation is key for Vietnam to avoid the middle-income trap and pursue […]

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World Bank warns Vietnam of ‘vulnerable’ credit-to-GDP ratio

The Hanoitimes – Vietnam’s economic growth is projected to moderate to 6.6% in 2019, driven by credit tightening, slower private consumption and weaker external demand. Amid tighter financing conditions, corporate and household balance sheets in Vietnam are increasingly leveraged with the country’s credit-to-GDP ratio at about 135%, according to World Bank in its latest “Managing Headwinds” […]

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Vietnam makes better use of FTAs

The Hanoitimes – Vietnam has the largest FTA utilization rate in the Indian market at 72%, Chile and South Korea came second and third at 67% and 60%. Vietnam’s exports benefiting from utilizing preferential treatments in free trade agreements (FTAs) in 2018 stood at US$46.2 billion, accounting for 39% of total exports to markets signing FTAs […]

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