Economy

Government debt expected to increase by 20% this year.

This year, the Vietnamese government intends to borrow VND619.49 trillion ($25.2 billion), a 20.5% increase from 2021.

Vietnam - an interesting success story

When thinking about the success stories of FDI-driven economies, Vietnam is an interesting example.

Rising inflation poses challenge to businesses

Vietnamese businesses are expected to face headwinds from inflation, tightening monetary policy, and a growing cost-of-living crisis in many of the country’s export markets, experts have warned.

Foreign investment to HCM City reaches nearly $3 billion in 9 months

Ho Chi Minh City has attracted $2.97 billion in foreign direct investment this year to September 20, a year-on-year increase of over 26%, according to the municipal Department of Planning and Investment.

Coffee exports may record $4 billion

Vietnam Coffee Cocoa Association (Vicofa) forecasted that if the export price of coffee remained at a high level, as in the first half of 2022

Vietnam reports Q3 economic growth at 13.67% after steep ascent due to ...

Vietnam's July-September economy grew by 13.67% against the same period of 2021 as exports to the U.S. jumped sharply, according to the latest data from the General Statistics Office of Vietnam.

Vietnam's GDP expected to expand 7.2% in 2022: World Bank

Despite the lockdown-caused decline last year, Vietnam's economy is predicted to bounce back in 2022, increasing by 7.2% growth in 2022, according to the World Bank.

Apple to move 25% iPhone production to India by 2025, 20% iPad and Apple Watch to Vietnam, analysts ...

Apple began assembling some of its devices in India and Vietnam a few years ago, slowly cutting its reliance on China.

Local currency bond market nears US$100 billion

Viet Nam’s currency bond market is forecast to reach US$100 billion, expanding 31.6 percent against the previous year, according to the Asian Development Bank’s (ADB) Asian Bond Monitor report

ASEAN ranked the 5th largest economy, valued at $3.2 trillion

ASEAN is currently the 5th largest economy, valued at $3.2 trillion, after the United States, China, Japan, and Germany.

Trade surplus hits $5.49 billion in January-August

Vietnam's total trade value was estimated at $499.71 billion in the January-August period, the Vietnam Customs reported.

Vietnam trade surplus to UAE reaches $3 billion

The turnover between Vietnam - UAE in eight months of the year was estimated at $3.3 billion, while trade surplus reached $3 billion, according to the Vietnam Trade Office in the UAE.

Vietnam's credit growth expands by 9.91 percent

Credit growth as of August 26 expanded by 9.91 percent from end-2021, according to representatives of the State Bank of Vietnam.

Tech Companies Gradually Move Production Away From China: Vietnam Benefits The ...

Apple and Google will be releasing their newest smartphones in the coming weeks, with new features and changes. These phones won't be built in China, which is the one of biggest shifts.

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Economy

35,000 more businesses using digital transformation platforms

Gov't revises up GDP growth to 8% this year

Vietnam’s economic growth to slow down to 6.5% in 2023: Fitch