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Economy

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Da Nang's 1H economy contracts 3.61 percent, first time in two decades

Da Nang’s economy shrank by 3.61 percent in the first half, its first contraction in the 23 years since it became a central-level city.

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Fitch revises Vietnam’s 2020 GDP to 3% from 2.8% in previous forecast

Vietnam’s economy is expected to recover in the second half of this year to 3%, from 2.8% previously since the country appears to have contained the Covid-19 outbreak domestically.

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Vietnam posts $4bln trade surplus in six months despite public health crisis

Despite travel bans from several countries that affected trade activities, Vietnam reported a trade surplus of $4 billion during the first half of this year, General Statistics Office said.