VIETNAM’S economy recovered in the third quarter, but growth has come in slightly weaker than what economists have expected. The country’s Q3 gross domestic product (GDP) rebounded to 2.6 per cent year on year, compared with 0.4 per cent seen in the previous quarter, falling short of private sector economists’ expectations of a 2.7 per cent growth. […]
Read MoreThe Hanoitimes – Core inflation comes at 2.59% year-on-year in the first nine months of 2020. Vietnam’s consumer price index (CPI), the main gauge of inflation, in September increased 0.12% against the previous month and 0.01% versus the end of 2019, both at the weakest levels in the 2016 – 2020 period, according to the General […]
Read MoreThe Hanoitimes – The domestic-invested sector’s exports are expected to expand 20.2% year-on-year to US$71.83 billion between January and September. Vietnam earned an estimated trade surplus of US$3.5 billion in September and reached a record surplus of US$16.99 billion in the January–September period, compared to a US$7.27 billion surplus recorded in the same period last year, […]
Read MoreThe Hanoitimes – Covid-19 could act as a catalyst for Vietnam to speed up the digital transformation it has already embarked upon. Effective reforms to grasp opportunities from the shift in the global value chains and investment system and the rise of the contact-free economy could help Vietnam become a high-income country by 2025, according to […]
Read MoreAs many companies cope with debts caused by the economic fallout due to the pandemic, they are unable to take loans for maintaining or expanding their business lines. In this scenario, in which banks see themselves confronted with excess capital, Dr. Vu Dinh Anh from the Ministry of Finance’s Price Market Research Institute warns about […]
Read MoreHANOI, Vietnam — Vietnam’s economic growth picked up in the third quarter, boosted by a rally in exports as the country slowly emerges from a virus-induced slowdown. Vietnam has long been one of Asia’s fastest growing economies, and it is heavily reliant on exports, particularly after reaping the benefits of a trade spat between Washington […]
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