state owned group reform failing to meet expectations

State-owned group reform failing to meet expectations

Slow-paced reform of a series of state-owned enterprises is continuing to undermine the country’s competitiveness and investment environment.
business support to boost 2024 goals

Business support to boost 2024 goals

With economic growth this year forecast to fall below the set target, the government has devised a new growth goal for next year, which will be realised by greater support for businesses.
government looks ahead to financial security via debt plan

Government looks ahead to financial security via debt plan

Vietnam’s plan for borrowing and paying public debt for 2024 has been revealed, with public debt set to stay within the permissible limit and ensure the nation’s financial security.
state budget revenues under pressure amid tough economy

State budget revenues under pressure amid tough economy

The state budget has recorded a deficit for the first time so far this year, largely caused by a rise in public investment disbursement, with a lower-than-expected state budget revenue due to difficulties across the economy.
vietnam and mercosur bloc inching to trade tie boost

Vietnam and Mercosur bloc inching to trade tie boost

Vietnam is working closely with Brazil to boost its investment and trade with both the nation and the Southern Common Market, via an upcoming free trade agreement.
solutions required for competitiveness conundrum

Solutions required for competitiveness conundrum

Vietnam is under sustained pressure to lift enterprises out from the gloom in order to reach desired economic growth goals over the next few years.
chip cooperation to underpin us capital

Chip cooperation to underpin US capital

Vietnam and the US are building new ties in high technology, innovation, and investment, with a deal on cooperation in the semiconductor industry clinched.
vietnam stepping up efforts for growth

Vietnam stepping up efforts for growth

The Vietnamese government has made an urgent order to spur on industrial production and boost administrative reforms to fuel economic growth.
rcep states already looking to expand trade participation

RCEP states already looking to expand trade participation

Just a few months after it came into being, the Regional Comprehensive Economic Partnership has decided to expand its membership, with Vietnam expected to be a big trade beneficiary.
brits join the pacific club with vietnam set to benefit

Brits join the Pacific club with Vietnam set to benefit

An additional door is now available for enterprises from Vietnam and the United Kingdom to enter their respective markets on the back of a multilateral free trade agreement, alongside the bilateral one already taking effect.
smoother regulations on the agenda

Smoother regulations on the agenda

With a low economic growth rate for the first half of the year, Vietnam is further truncating and eliminating business regulations which will benefit enterprises and investors.
temporary slowdown projected for general economy

Temporary slowdown projected for general economy

Despite the Vietnamese government making its great efforts to reach 6.5 per cent in economic growth this year, it will be an uphill struggle. Wanwisa May Vorranikulkij, senior economist from the ASEAN+3 Macroeconomic Research Office, talked to Khoi Nguyen about the outlook for the Southeast Asian economy.
stability for rest of 2023 bodes well for inflation rate

Stability for rest of 2023 bodes well for inflation rate

A low consumer price index in the first six months of the year is expected to contribute to controlled inflation amid a continued downtrend in oil prices and slow-paced consumption.
vietnam keen to spread wings in far flung trade deals

Vietnam keen to spread wings in far-flung trade deals

Vietnam is boosting its plan to expand trade to the globe’s Southern Common Market with a potential free trade agreement under preparations for negotiations.
economic momentum softens heading into 2024

Economic momentum softens heading into 2024

Economic difficulties have resulted in international organisations lowering their growth forecast for Vietnam, though it still has the highest growth in the region.