It is not capital but the ability of businesses to absorb capital that is the major bottleneck in growth momentum.
Vietnam and many international organisations are focusing on with the aim of reducing greenhouse gas (GHG) emissions by at least 55% by 2025 and become carbon neutral by 2050.
Viet Nam's economic growth is forecast to accelerate to 6.3 percent in 2024 before reaching 7 percent in 2025, according to the latest projection by global credit ratings agency Fitch Ratings.
Vietnam's legislature approved government targets for 2024 GDP growth of 6%-6.5% and inflation of 4%-4.5%, while anticipating continued challenges from weak global demand.
- Vietnam's 11-month FDI inflows reach $28.85 bln, up 14.8% 1
- Vietnam’s bonds outstanding hits over $108 bln by end of September 2
- Experts predict that Q4's strong economic growth to boost the year's overall performance. 3
- "Golden season" of sales 4
- Walmart wants to turn Vietnam into goods supply center of Asia 5
- Great potential for Vietnamese goods to enter Africa, Middle East 6
ESG has become mainstream in Vietnam in recent years, especially with a strong commitment on the transition to a carbon neutral economy by 2050, coupled with investors’ growing demand for sustainable development.
The Vietnamese government is making every effort to attain a GDP growth rate of 5% in 2023, laying the groundwork for even higher growth in 2024.
While some southern localities have fulfilled targets for FDI attraction, the clock is ticking for many others to complete goals since there are only 1.5 months left to the end of 2023.
Thanks to free trade agreements with tariff barriers gradually being removed, the exports of Vietnamese products have been on the rise. However, they are likely to face trade defence lawsuits.
Vietnam benefits from a variety of exported agricultural products, with rice and durian both outperforming this year.
Many banks' profits recorded negative growth while bad debt increased, reflecting the persistent difficulties of the economy.
Despite going through many restructuring phases, risk in the banking and financial systems continues to be a big problem.
After the boom period, the consumer finance market is facing unprecedented difficulties and requires major changes.
Vietnam's Hoang Gia Fish Sauce, which won The Superior Taste Award 2023 from Belgium's International Taste Institute, was released to the US market on October 24, 2023.
Vietnam has uniquely positioned itself to be among the fastest-growing economies in the coming decade, according to an article published recently on the Australia-based website eastasiaforum.org.
The Vietnam Manufacturing PMI as reported by S&P Global, edged down to 49.6 in October from 49.7 in the previous month, indicating a second consecutive monthly decline in the manufacturing sector.
Vietnam's exports and industrial output rose in October from a year earlier, showing signs of a gradual economic recovery in the countrywhich is highly sensitive to swings in global demand.