Thousands of migrant laborers have returned to their hometowns to avoid the pandemic, leaving behind city dreams. The consequence is that enterprises lack workers to restore production in the “new normal”. When tens of thousands of people began leaving HCM City – Vietnam’s largest pandemic hotspot – on motorbikes on the night of October 1, […]
Read MoreTHE worst is over for Vietnam, with domestic reopening on the cards as vaccinations rise and infection rates decline, said DBS economist Chua Han Teng in a report on Monday. Meanwhile, foreign domestic investment (FDI) will remain a key growth engine, while manufacturing activity and exports will likely resume expansion, he said. Vietnam’s economy shrank […]
Read MoreThe Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained at 40.2 in September. The Viet Nam Manufacturing Purchasing Managers’ Index (PMI) remained at 40.2 in September, signalling a further marked deterioration in business conditions across the sector due to the severe impacts of the COVID-19 pandemic, according to IHS Markit. In a report released last week, […]
Read MorePopulation aging could slow down Vietnam’s long-term growth in the 2020–2050 period by 0.9 percentage points compared with the last 15 years, a new World Bank (WB) report finds. According to the report Vietnam: Adapting to an Aging Society, jointly produced by the WB and the Japan International Cooperation Agency (JICA), Vietnam is going through […]
Read MoreVietnam’s labor force is projected to contract by almost one percent per annum over the next three decades, creating headwinds to sustaining high economic growth rates. Vietnam’s economic growth could slow as its population ages, squeezing public finance and stressing the service delivery system, unless timely reforms are set in motion, a new World Bank […]
Read MoreResidential real estate in Vietnam is still one of the fastest-growing markets in Southeast Asia despite the fact that the COVID-19 pandemic has halted many economic activities, according to experts from property consultant Savills Vietnam. Troy Griffth, Deputy Managing Director of Savills Vietnam, said that investing in the real estate market in Vietnam continues to be […]
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