Economy

Moody's gives Vietnam Ba3 rating, changes outlook to negative

Moody's placed Vietnam's Ba3 rating for delayed government debt payment and changed outlook to negative while Vietnam said the rating was improper as the government has never delayed meeting debt repayment obligations.

Vietnam to raise foreign ownership limit at State-owned banks

Vietnamese government will consider raise foreign ownership limit at four major State-run commercial banks accounting for 50% of the banking system’s credit supply to 65% by 2025.

US slaps import duty of over 450% on steel products from Vietnam

US government decided to impose as much as 456% antidumping duty on some steel products made in South Korea and Taiwan (China), shipped to Vietnam for minor processing before exporting to US.

Vietnam’s trade deficit with China widens to $31 billion, bilateral trade exceeds $100 ...

As of end-November, Vietnam's trade revenue reached nearly $500 billion while trade with China surpassed $100 billion, according to data from General Department of Customs.

Vietnam’s revised GDP increases by 25.4% annually between 2010-2017

The size of Vietnam’s revised gross domestic product rose by 24.5% annually on average in the 2010-2017 period, according to Nguyen Bich Lam, director of the General Statistics Office on Friday.

ADB says Vietnam’s economy grows faster than expected

The Asian Development Bank has revised Vietnam’s economic growth forecast for 2019 to 6.9% from its earlier estimation of 6.8 percent.

Vietnam ministry may cut some tariffs on U.S. agriculture: Bloomberg

Under pressure from the U.S., Vietnam’s Ministry of Finance is proposing to reduce tariffs on some American agriculture products, from chicken to apples.

Ho Chi Minh City expects 2020 GRDP to grow up to 8.5 percent

Ho Chi Minh City has set a target of Gross Regional Domestic Product in 2020 at 8.3 – 8.5 percent, with total private investment accounting for 35 percent of GRDP.

Vietnam’s garment and textile export to bag $40 billion

Total garment and textile export turnover in 2019 could reach target of $40 billion despite difficulties, said Vu Duc Giang, chairman of Vietnam Textile and Apparel Association.

Chinese enterprises double investment in Vietnam

Pledged investment from China almost doubled to $2.28 billion in January and November period, according to data from General Statistics Office.

Vietnam banks’ total assets reach $520 billion, up 9% year-on-year

Total assets of Vietnam’s banking sector reached over VND12,000 trillion ($518.65 billion) as of September 30, up 8.48% compared to the beginning of the year.

Vietnam’s economic growth would be 9 – 10% if resources used ...

More effective resource allocation and utilization is key for Vietnam’s economic reform. It would help the economy to achieve annual GDP growth at around 9 to 10%.

Vietnam's agriculture sector posts 11-month trade surplus of $8.8 ...

Agriculture sector earned $37.3 billion from exporting farm produce and forestry and seafood products in the January - November period. The surplus is $1.5 billion higher from a year ago.

Ho Chi Minh City seen to attract $8 billion FDI in 2019

Vietnam’s biggest city is expected to attract $8 billion foreign direct investment this year, an increase of 1% from 2018, according to a report from the city government.

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Economy

Vietnam’s 2019 CPI seen to hit 3-year low at 2.73% despite soaring pork prices

Vietnam attracts over $38 billion worth of FDI in 2019, up 7.2%

KS Energy wins fresh contract extension for rig in Vietnam: Business Times