Economy

China-Vietnam trade soars past $100 bln

China has become the first country to have a bilateral trade value of $100 billion with Vietnam this year.

IMF revises upward Vietnam GDP growth forecast to 2.4%

Vietnam, one of the world’s fastest-growing economy in 2020, is expected to enjoy 2.4 percent this year, up 0.8 percentage point compared to previous forecast, the International Monetary Fund has said.

Vietnam’s 10-month trade surplus widens to $19.5bln from $9bln in 2019

Vietnam reported a trade surplus of $19.5 billion in 10-month period, up from $9 billion surplus of the same period in 2019, according to data released by General Department of Customs.

World’s largest trade pact RCEP to provide fillip to Vietnam’s ...

The Regional Comprehensive Economic Partnership will give the Vietnamese economy access to a further one-third of the world’s population and attendant opportunities for export growth.

Vietnam’s expectations for first female central bank governor

Vietnam’s first woman to become central bank governor has the expertise and experience, but she takes the helm at a tough time.

Vietnam generates $1.2 trillion GDP in five years, PM Phuc says

The Southeast Asian economy garnered $1.2 trillion in gross domestic product during the last five years, Prime Minister Nguyen Xuan Phuc told legislators during a National Meeting held in Hanoi.

Local tyre producers suffer small impact from US tariff

Local companies do not have to worry about a preliminary anti-subsidy tariff imposed by the US on car and truck tyres from Vietnam, executives told local media.

Vietnam projects 2021 budget deficit at 4% GDP from 3.8% deficit in ...

Vietnam sees 2020 budget deficit at 3.8% GDP and the rate could rise to 4% next year on pandemic, Minister of Finance Dinh Tien Dung told legislators during a meeting in Hanoi.

Industrial production expands 2.7 pct. in Jan-Oct period amid virus ...

Industrial production posted a year-on-year expansion of 2.7 percent in the first ten months this year despite the impacts of Covid-19 pandemic, the General Statistics Office reported Thursday.

Vietnam’s trade surplus widens to $18.72bln in ten months

Trade surplus in the first ten months of the year has widened to $18.72 billion, with October surplus estimated at $2.2 billion, according to latest data from the General Statistics Office.

Vietnam says Oct. CPI up 2.47 pct on year

Vietnam estimated its consumer price index for October jumped 2.47 percent from a year earlier.

Vietnam’s 10-month foreign investment drops nearly 20% to $23.4bln

Vietnam attracted $23.4 billion FDI during the first ten months of the year, down 19.4 percent from a year ago on pandemic, according to data from Ministry of Planning and Investment.

Vietnam does not manipulate currency for stronger trade competitiveness, PM ...

Vietnam does not aim using exchange rates and monetary policy to facilitate export, Prime Minister Nguyen Xuan Phuc told US high-ranking officials during Monday meeting in Hanoi.

Apple’s shifting supply chain creates boomtowns in rural Vietnam: ...

The boom in Bac Giang highlights how the shift in the world’s supply chains is touching regions previously left behind.

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Economy

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

New regional trade pact to put Asia back on its pre-Covid growth trajectory

Vietnam bank lending up 7.26% as of Nov. 17 from end-2019