The data announced by the General Statistics Office in late 2021 described Vietnam’s economic picture in a turbulent year surrounded by the pandemic, the fear of disruption of supply chains, and the confidence of the business community. The country’s GDP grew only 2.58% this year, compared to 2.91% in 2020, the lowest since Doi Moi (renovation). […]
Read MoreData released recently by the General Statistics Office shows that in 2021 the average monthly income of workers in Vietnam was 5.7 million VND, down 32,000 VND compared to 2020. The complicated Covid-19 pandemic seriously hit the employment situation in 2021. According to the General Statistics Office’s data released on January 6, the labor force […]
Read MoreUpcoming monetary-fiscal support programs may put Vietnam in the position to become a high-income country in the 2045-2050 period. Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5% from 2.6% in the year just ended. World Bank’s Senior Economist Dorsati Madani revealed the forecast at the […]
Read MoreViet Nam has the third lowest operating costs among nine countries in Asia, just behind Cambodia and Myanmar, according to Asia-Pacific’s leading business transformation consultancy TMX. Under the recent TMX report “The great supply chain migration – breaking down the cost of doing business in Asia,” the average total operating cost for a manufacturing company […]
Read MoreThe World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended. The forecast was made in the WB’s economic update for Vietnam that was released during a press teleconference in Hanoi on […]
Read MoreMinister of Planning and Investment Nguyen Chi Dung said that Vietnamese enterprises’ participation in the global value chain is very modest in both quantity and quality. Dao Thi Thu Huyen, from Canon Vietnam Co., Ltd., said that out of hundreds of suppliers for Canon Vietnam, only 20 are Vietnamese enterprises. This number has not increased […]
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