Economy

Fitch revises Vietnam’s 2020 GDP to 3% from 2.8% in previous forecast

Vietnam’s economy is expected to recover in the second half of this year to 3%, from 2.8% previously since the country appears to have contained the Covid-19 outbreak domestically.

Vietnam posts $4bln trade surplus in six months despite public health crisis

Despite travel bans from several countries that affected trade activities, Vietnam reported a trade surplus of $4 billion during the first half of this year, General Statistics Office said.

Vietnam posts 1.81 percent GDP growth in six months, ten-year low

Vietnam’s gross domestic product (GDP) grew 1.81 percent in the first half of this year, the lowest growth rate since 2011, according to data released on Monday by the General Statistics Office.

Vietnam’s Jan. – June living cost rises 4.19% on pork, fuel prices ...

Vietnam's consumer price index in June saw an increase of 0.66% against the previous month, but fell 0.59% from end-2019 and 3.17% year-on-year, according to the General Statistics Office.

Vietnam's foreign investment attraction plunges 15.1% in 6 months

Vietnam has attracted foreign investment of $15.67 billion as of June 20, witnessing a year-on-year decline of 15.1 percent, according to latest data from Ministry of Planning and Investment on Friday.

Vietnam’s 2020 output projected to grow 2.7%, among the highest in the world: ...

Vietnam’s economy is expected to grow 2.7% in 2020 while the world growth outlook for this year has been slashed to minus 4.9%, almost 2 percentage points below IMF April forecast.

Vietnamese plywood may be cleared of US duty circumvention ...

Vietnamese government agency said Vietnam's plywood may be cleared of US duty circumvention accusations.

Vietnam enjoys the fastest growth in Southeast Asia, up 4.1% in 2020, ADB ...

Vietnam’s economy is projected to grow 4.1% this year while economies in the region could face contraction between 0.5% to 6.5% due to impacts from COVID-19 pandemic, Asian Development Bank reported.

Vietnam's six-month vegetable, fruit exports drop 14.5% to $1.5 ...

Exports of vegetables and fruits fetched more than $1.5 billion in the first six months of the year, a year-on-year decline of 14.5 percent, agriculture ministry reported.

Vietnam reports Jan.-May trade surplus at $3.5 billion despite ...

Trade surplus in the first five months of 2020 was reported at $3.5 billion despite impacts from COVID-19 pandemic, according to the latest data from the General Customs Office.

Vietnam’s Jan.-May budget deficit seen at $1.1bln vs $3.4bln surplus in ...

COVID-19 pandemic has been taking tolls on Vietnam’s State budget collection since the Ministry of Finance estimated a five-month deficit of $1.1 billion from about $3.4 billion surplus a year earlier.

EU – Vietnam Free Trade Agreement expected to take effect on August 1

Trade Minister Tran Tuan Anh and EU Trade Commissioner Phil Hogan agreed in a phone talk to put the EVFTA into effect soon to help both countries to counter the coronavirus impacts.

Vietnam ratifies EU trade pact, accelerating growth amid COVID-19 ...

Lawmakers ratified the EU Vietnam Free Trade Agreement during a National Assembly meeting session on Monday, opening door for Vietnam’s products to enter the world’s largest trading block with 508 million consumers.

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Economy

Vietnam’s Jan.-June credit growth slows to 3.26% on pandemic

Vietnam biggest city’s economy expands 1.02% in 1H amid pandemic

Da Nang's 1H economy contracts 3.61 percent, first time in two decades