Economy

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 practices

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 practices

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.

Vietnam reports 2020 economic growth at 2.91% despite pandemic

Vietnam’s GDP expanded 2.91 percent this year, becoming a rare economy in the world reporting economic expansion when Covid-19 pandemic badly hit global economy, according to the General Statistics Office.

India – Vietnam trade volume reaches $8.8 bln during 11-month period

Vietnam’s bilateral trade with India during the Jan.-Nov. period dropped over 14 percent year-on year to $8.82 billion, according to data from the General Customs Department.

Vietnam’s 2020 lending growth estimated at 11% and 12% projected for ...

Vietnam’s bank lending grew 10.1 percent as of Dec. 21 from end-2019 and increased 11.6 percent from a year ago, according a statement from the State Bank of Vietnam.

Vietnam targets 2021 seafood exports to reach $9 bln, up 6% YoY

Despite pandemic, Vietnam’s Ministry of Agriculture and Rural Development has set 2021 seafood export target at $9 billion, an increase of 6 percent compared to estimated achievement in 2020.

Vietnam economy to grow 3% in 2020 despite COVID-19 crisis: World ...

Vietnam’s GDP is expected to grow 3% in 2020 while the world economy is expected to contract 4% amidst the biggest global shock of the past decades, World Bank report said.

Vietnam’s 2020 trade volume could reach over $500 billion

Despite pandemic Vietnam’s import-export value in 2020 is expected at more than $500 billion, statistics from the General Department of Customs show.

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Economy

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

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

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