Economy

Coronavirus outbreaks cut Vietnam’s January export to China by 35%

Vietnam’s January bilateral trade with China fell 25.8% from December last year to $8.29 billion, according to statistics from the General Department of Vietnam Customs.

Coronavirus may cost Vietnam 1% GDP in first quarter

Vietnam’s economic growth in first quarter is expected to contract 1% from a year ago due to the spreading of the new coronavirus and a week-long break for Lunar New Year holiday.

Novel coronavirus fear slows down Vietnam's thriving tourism industry

The coronavirus outbreak in China has been causing shocks to global travel and tourism and is expected to further impact the business in Vietnam, which has witnessed significant growth in recent years.

Vietnam moves to block coronavirus risk to supply chain: Nikkei Asian ...

Haiphong, a rising manufacturing hub in northeastern Vietnam, has ordered companies to divulge their number of Chinese workers there daily, in an attempt to curb the risk posed by the coronavirus outbreak.

Vietnam reports 6-year-high inflation in January to 6.4%

Vietnam’s inflation rate accelerated 6.43% in January against the same period of last year, the highest increase since August 2013, according latest data from the General Statistics Office.

Pork shortage could accelerate Vietnam’s 2020 inflation rate to 5.7%

Fitch Solutions revises Vietnam 2020 averge inflation forecast to 5.7% from 3.5% announced previously since the shortage in pork supply has begun to grip the country.

When ‘Made in Vietnam’ Products Are Actually From China: WSJ

Chinese manufacturers are dodging U.S. tariffs by rerouting goods to Vietnam. Here’s why transshipment is on the rise, and how U.S. customs officials are struggling to stamp out the practice.

China contributes nearly 40% of Vietnam’s steel imports: HanoiTimes

Despite tighter trade measures, the neighboring country remained Vietnam’s leading supplier of steel over the last three years.

Vietnam reports over $11 billion trade surplus in 2019, beating ...

Vietnam General Department of Customs has reported a trade surplus of over $11 billion in 2019, beating earlier estimate of $9.94 billion.

Air pollution could cost Vietnam 5% GDP, Japanese business official ...

Foreign investors have expressed concern about the serious air pollution situation in Vietnam that could affect the country’s economic growth in long term.

Low labor cost turns Korea the biggest foreign investor in Vietnam, Korea Times ...

Korea has regained its status as the biggest foreign investor in Vietnam in 2019, surpassing Japan which clinched the spot for the past two years, according to data.

Vietnam reports $1 billion trade deficit in December

Vietnam’s total import-export turnover grew 7.6% to nearly $517 billion in 2019, with a trade surplus of $9.94 billion, data from General Department of Customs shows.

Vietnam’s economy reaches $262 billion, with $80 billion foreign ...

Vietnam’s foreign reserves hit a record high of almost $80 billion, which was unimaginable a decade ago, according to Prime Minister Nguyen Xuan Phuc at a conference on Monday in Hanoi.

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Economy

Vietnam trims 2020 economic growth forecast to around 6% as coronavirus risks

Vietnam’s exports fall 17.4% amid coronavirus fears

EU seen opening up trade to Vietnam, closing door to Cambodia: Reuters