Economy

Vietnam’s economy expected to grow 7.6% in 2021 on successful COVID-19 containment: HSBC

Despite lingering headwinds, Vietnam’s GDP is expected to grow 7.6 percent in 2021 thanks to the benefit from numerous FTAs, consistent FDI inflows and a tech-led recovery, according to a HSBC report.

Vietnam 2020 trade surplus widens to nearly $20 billion despite pandemic

Vietnam recorded a trade surplus of $19.95 billion last year, widening from a surplus of $11.1 billion in 2019, customs data released on Wednesday showed.

Vietnam says 2020 fiscal deficits below 4% of GDP, public debt under control

Vietnam performed well in controlling public debt, which was under the allowed limit and the budget overspending rate was 4%of GDP in 2020, Prime Minister Nguyen Xuan Phuc told an online conference.

Vietnam projects 2021 credit growth at 12%, equal to 2020 achievement

The State Bank of Vietnam targets 12% lending growth for 2021, almost unchanged from 2020 growth at 12.13%, Deputy Governor Dao Minh Tu told Thursday conference in Ho Chi Minh City.

Manufacturing and processing sector creates 300,000 new jobs every ...

The manufacturing and processing sector creates more than 300,000 new jobs every year, contributing much to the country’s economic development, according to a report from the Ministry of Industry and Trade.

Vietnam's 2021 budget deficit expected to reach 3.6% of GDP: Fitch

Fitch Solutions maintain forecast for Vietnam’s 2021 budget deficit (excluding debt repayment) to be 3.6 percent of gross domestic product, slightly lower than the government’s 4 percent estimate.

Vietnam's 2021 economic growth expected at 6.8%: World Bank

Vietnam's GDP is expected to grow by 6.8 percent in 2021, thanks to the country's success in controlling the COVID-19 pandemic, Country Director of The World Bank in Vietnam Carolyn Turk said.

Facing US tariff threat, Vietnam’s furniture makers fight back against claims of illegal trading ...

Vietnamese businesses are pushing back against investigations by the United States into its timber industry and currency management that threaten to wipe out Vietnam’s huge gains from the US-China trade war.

US government urged to drop investigation into Vietnam’s currency ...

American companies on Tuesday urged the United States Trade Representative (USTR) to drop an investigation into Vietnam’s currency practices that could lead to tariffs on a wide range of Vietnam goods.

Vietnam’s 2020 FDI inflow falls 25% to $28.53 billion

Foreign investment from new capital registration, capital adjustment, share purchasing in 2020 was seen at $28.53 billion, down 25 percent from a year ago, according to the Ministry of Planning and Investment.

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

Vietnamese economy will enjoy spectacular growth over the coming 15 years, rising 18 notches to 19th position by 2035, according to the Centre for Economics and Business Research.

Vietnam targets 2021 economic growth at 6.5%

Vietnam government is striving for an economic growth of 6.5% in 2021, 0.5ppt more than its official growth target of 6% for 2021, PM Nguyen Xuan Phuc told a conference in Hanoi.

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

Vietnam has estimated a trade surplus of $19.1 billion in 2020, with bilateral trade revenue was seen at $543.9 billion, according to data from the General Statistics Office.

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Economy

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