Car sales have dropped to a 5-year low and may continue to slide if the pandemic persists. The Vietnam Automobile Manufacturers’ Association (VAMA) reported that its member companies sold 19,154 cars in March, an increase of 10 percent over the month before, but a decrease of 40 percent compared with the same period last year. […]
Read MoreThe Hanoitimes – The rate of laborers joining the workforce in the first quarter recorded a 10-year low with 75.4% of the working-age population, down 1.3 percentage points year-on-year. In the year to mid-April, nearly five million workers in Vietnam have become unemployed or forced to take unpaid leave and 84.4% of enterprises were negatively affected […]
Read MoreThe Hanoitimes – The task has become even more complicated given negative impacts of the Covid-19 pandemic in the first three months of 2020. The slow privatization progress of state-owned enterprises (SOEs) during the 2016 – 2019 period are putting pressure on all concerned parties to complete the process in 2020, according to the Ministry of […]
Read MoreThe Hanoitimes – In this year’s state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total. As revenue from crude oil only accounts for 3% of Vietnam’s state budget collection, a sharp decline in global oil prices has little effect on the country’s revenue, according to […]
Read MoreThe Hanoitimes – Hanoi allows resuming passenger transportation services from April 23. From April 23, ride-hailing apps in Vietnam have resumed operations in some localities after the three-week suspension in response to social distancing orders. Grab Vietnam started providing its four-wheel services (GrabCar, Grab route, GrabTaxi, GrabRent) across the country, except for Ho Chi Minh City […]
Read MoreThe Hanoitimes – Standard Chartered Bank is the latest institution to trim Vietnam’s growth projections due to weaker external demand and domestic consumption. Standard Chartered Bank has joined other financial institutions to trim forecasts for Vietnam’s 2020 economic growth, lowering its projections for the country’s growth to as low as 3.3% in 2020 due to increase […]
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