Economy

Vietnam reports 2020 economic growth at 2.91% despite pandemic

Vietnam’s GDP expanded 2.91 percent this year, becoming a rare economy in the world reporting economic expansion when Covid-19 pandemic badly hit global economy, according to the General Statistics Office.

India – Vietnam trade volume reaches $8.8 bln during 11-month period

Vietnam’s bilateral trade with India during the Jan.-Nov. period dropped over 14 percent year-on year to $8.82 billion, according to data from the General Customs Department.

Vietnam’s 2020 lending growth estimated at 11% and 12% projected for 2021

Vietnam’s bank lending grew 10.1 percent as of Dec. 21 from end-2019 and increased 11.6 percent from a year ago, according a statement from the State Bank of Vietnam.

Vietnam targets 2021 seafood exports to reach $9 bln, up 6% YoY

Despite pandemic, Vietnam’s Ministry of Agriculture and Rural Development has set 2021 seafood export target at $9 billion, an increase of 6 percent compared to estimated achievement in 2020.

Vietnam economy to grow 3% in 2020 despite COVID-19 crisis: World ...

Vietnam’s GDP is expected to grow 3% in 2020 while the world economy is expected to contract 4% amidst the biggest global shock of the past decades, World Bank report said.

Vietnam’s 2020 trade volume could reach over $500 billion

Despite pandemic Vietnam’s import-export value in 2020 is expected at more than $500 billion, statistics from the General Department of Customs show.

Vietnam’s monetary policy not intended to create an unfair trade: central ...

The monetary policy of the Vietnam government is not intended to create an unfair trade, the State Bank of Vietnam said after the Trump administration officially labeled Vietnam as as currency manipulator.

Vietnam Nov trade surplus narrows to $546 mln vs $2.94 bln surplus in ...

Vietnam’s trade surplus in November significantly narrowed to $546 million from $2.94 billion in October, government customs data released on Monday showed.

ADB raises Vietnam’s GDP growth to 2.3% in 2020

ADB has raised Vietnam’s economic growth forecast to 2.3 percent from 1.8 percent thanks to the promotion of public investment, the recovery of domestic consumption, the increase in trade exchanges.

Vietnam spends nearly $780 million on Covid-19 response

The Government has spent VND17.9 trillion ($780 million) on fighting Covid-19 and supporting people affected by the pandemic, according to the Ministry of Finance.

Export-driven economy still performs well in Covid-19 time

The success story in Covid-19 fight could be the key for Vietnam to win trust from the international community, including foreign investors, in the post-Covid-19 period.

2020 aquatic product exports predicted to hit $8.6 bln

Vietnam may earn $8.6 billion from exporting aquatic products this year, according to Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s companies among the world’s most optimistic amid pandemic

Vietnam economy has become a shining star during Covid since it has minimized the damages from the crisis and is the only country in South East Asia to report growth this year.

Vietnam’s Nov. trade surplus plunges to $600 million from $2.9 bln in ...

Trade surplus in November plunged to $600 million from a $2.9 billion surplus in October, according to data from General Statistics Office.

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Economy

Vietnam set to become 19th largest economy in the world by 2035

Vietnam targets 2021 economic growth at 6.5%

Vietnam estimates $19.1 bln trade surplus in 2020, fifth consecutive year with surplus