The Hanoitimes – Fitch Solutions has revised its forecast for Vietnam to record a fiscal deficit of 3.8% of GDP (excluding debt principal repayments) in 2020, versus 3.4% previously. Vietnamese government’s announced stimulus package to help businesses cope with the Covid-19 epidemic and support growth, will see 2020 record a larger deficit versus the government’s prior […]
Read MoreThe Hanoitimes – To date, the Vietnamese authority has not considered suspending flights between the two countries, so the decision to stop flights to South Korea was based on the airlines’ own consideration. From March 7, no Vietnamese airlines would operate flights from and to South Korea as Vietjet Air has been the last local carrier […]
Read MoreAMONG Asian economies, Vietnam is the most vulnerable to China supply shocks while Singapore is the least, according to a Deutsche Bank research note on March 3. “This suggests that unless Vietnam can reduce its dependence on China for its intermediate goods, it should not be seen as an alternative to China, although that may […]
Read MoreThe Hanoitimes – Global Infrastructure Hub estimated that Vietnam needs to invest US$110 billion between 2021 and 2025 for infrastructure. Investors are seeing big opportunities to take part in Vietnam’s infrastructure developments as the government has announced plans to boost the construction of many mega infrastructure projects in tandem with streamlining policies to make it more […]
Read MoreThe Hanoitimes – Fitch Rating keeps the positive rating outlook for Vietnamese banks. The Covid-19 outbreak will hit Southeast Asian banking sectors through weaker economic growth, slower credit growth and dampened profitability, and Vietnam’s banking industry will also take a hit, Fitch Ratings has said in a note. In Vietnam, reduced tourism, disrupted manufacturing supply chains […]
Read MoreWITH the Covid-19 outbreak dampening tourism and causing supply chain disruptions that threaten factory output, economists expect Vietnam’s government to roll out a targeted fiscal package as early as March. Although Vietnam’s industrial production rose 23.7 per cent in February, the rebound was mostly due to the base effect of the Tet holiday, which was […]
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