Economy

Vietnam targets 2022 economic growth at 6-6.5 percent

The growth rate of gross domestic product was expected at about 6-6.5% in 2022, Prime Minister Pham Minh Chinh told legislators during the National Assembly meeting starting on Wednesday morning in Hanoi.

Why Vietnam Is Your Next Investment Destination

Vietnam market has outperformed its other international peers, supported by GDP growth amid Covid-19 in 2020. Despite strict lockdown, hopes for this top-performing Asian economy are growing.

State-owned companies accumulate $505 mln losses

Vietnam's 11 largest state-owned corporations had accumulated losses of VND11.46 trillion ($505 million) as of last year.

Despite pandemic, EU-Vietnam free trade pact boosts two-way trade

Despite the COVID-19 pandemic, the EU-Vietnam Free Trade Agreement, which entered into force in August 2020, has helped to boost two-way trade and buffer the impact of the economic downturn.

World Bank lowers Vietnam’s 2021 economic growth to 2 – 2.5%

With the negative growth in the third quarter, Vietnam's GDP growth rate for 2021 could reduce, World Bank said in a recent report.

DBS lowers 2021 growth for Vietnam to 1.8%; hopeful for 2022 with raised GDP target of ...

THE worst is over for Vietnam, with domestic reopening on the cards as vaccinations rise and infection rates decline, said DBS economist Chua Han Teng in a report on Monday.

Vietnam economy contracts by 6.17% in Q3, deepest in history

Vietnam’s Gross Domestic Product (GDP) contracted 6.17% in the third quarter of 2021, following the 6.61% growth recorded in the second quarter, as per estimates released by the General Statistics Office.

Vietnam’s State budget expected to rise by 8.3 percent in 2022

Total State budget in 2022 is expected to reach VND516.7 trillion ($22.6 billion), up 8.3 percent against 2021’s plan, according to the Ministry of Planning and Investment.

Eight-month credit in Hanoi rises 8.3 percent

By the end of August, the total outstanding credit of the banking system in Hanoi reached $104 billion, up 1 percent over the previous month and 8.3 percent year-on-year.

Vietnam: strong exports carry weight of potential risks

Identified as a regional outperformer for exports, local businesses should remain alert to export credit risk and take steps to protect their cash flows.

Vietnam’s FDI inflows slightly fall to $19 billion in eight months

Foreign investment inflows to Vietnam reached $19.12 billion in the first eight months, down 2.1 percent against the same period last year, according to the Ministry of Planning and Investment.

Vietnam strives to keep CPI growth low by end of 2021

Vietnam looks to maintain Consumer Price Index (CPI) growth lower than 1% a month during the last quarter of this year.

Exports up 25.5 pct in seven months

Vietnam gained $185.33 billion from exporting commodities over the last seven months of 2021, a year-on-year increase of 25.5 percent, according to the General Statistics Office.

Vietnam’s living cost rises 0.62 percent in July

July consumer price index rose 0.62 percent against the previous month and picked up 2.25 percent compared to December last year, according to data from the General Statistics Office.

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Economy

Vietnam’s trade surplus to UK nearly $4.5 billion

Vietnam’s growth rates of 6.3% in 2022 and 6.8% in 2023 'feasible': UNDP senior economist

Public debt exceeds VND4 quadrillion, VND5 quadrillion threshold near