Venture capital for Vietnam's startups reached $2.1 billion in 2021

Venture capital for Vietnam's startups reached $2.1 billion in 2021

Vietnam's startup scene is blossoming, securing a total sum of $2.1 billion in venture capital last year. The country's digital economy also hit $21 billion in 2021.
Spurring vibrant economic growth

Spurring vibrant economic growth

Vietnam is approaching 2022 with great hope that its economy will strongly bounce back from negative impacts of the past two years. Jacques Morisset, World Bank lead economist and programme leader for Vietnam, talked with VIR’s Thanh Thu about the New Year’s prospects and expectations.
More prudent approaches for sustainable growth

More prudent approaches for sustainable growth

Despite the year’s complexities, Vietnam reached positive economic growth in 2021. Luke Hong, group head and lead economist for Vietnam at the ASEAN+3 Macroeconomic Research Office (AMRO) based in Singapore, talked with VIR’s Thanh Tung about the economy’s performance and the driving forces for its prospects in 2022.
Cash injection to give economy lease of life

Cash injection to give economy lease of life

A gigantic economic recovery and development programme worth nearly $35 billion is expected to drive the economy to a higher level of growth, with focus to be placed on supporting enterprises and individuals as well as increasing investment in infrastructure development.
Overspend in the works for reboot of national economy

Overspend in the works for reboot of national economy

Vietnam may not be able to increase its budget deficit next year in order to ensure state budget spending, with the economy still sabotaged and business revenues still dented.
Stronger private sector - a key to economic transformation in Vietnam

Stronger private sector - a key to economic transformation in Vietnam

As Vietnam battles COVID-19, accelerating reforms, upgrading workforce skills and infrastructure will strengthen the private sector to help the country recover.
The right time to fully reopen the economy

The right time to fully reopen the economy

People and businesses in the southern growth engine of Ho Chi Minh City are yearning for daily life to resume, but is it the right time? Professor Dr. Tran Ngoc Tho from Ho Chi Minh City Economics University elaborated on the issues with VIR’s Nguyen Hong.
More drastic actions urged to aid economy

More drastic actions urged to aid economy

While Vietnam’s strategy to cope with the global health crisis has protected the lives of most, bringing the economy back on track remains a challenging task.
Going on the attack for a self-reliant economy

Going on the attack for a self-reliant economy

As with most economies in the region, Vietnam has been facing unprecedented struggles this year. However, with regional recovery, the nation may still see a growth rate close to its expectations.
Light at end of tunnel for global economy

Light at end of tunnel for global economy

After long sanitary restrictions and shutdowns, there is finally light at the end of the tunnel.
US recovery ripple effect for Vietnam

US recovery ripple effect for Vietnam

Along with many nations, the US economy is recovering, leading to a rise in the demand for goods imported from Vietnam amid the two economies witnessing their heyday in bilateral trade and investment ties on the back of various motives, including a huge recently-enacted fiscal scheme initiated by the US government.
Wide-ranging support ahead for economy

Wide-ranging support ahead for economy

To spur on local production and achieve its desired economic growth goal, Vietnam is to enact new financial solutions aimed to assist the business community. However, will the schemes affect the state budget picture, which earned a surplus in the first quarter of this year?
High hopes for economic advances

High hopes for economic advances

Despite enduring a heavy toll caused by the global health crisis in 2020, the Vietnamese economy is expected to drive forward strongly thanks in part to a boost in domestic consumption and investment, which will continue being among prime priorities set by the government to achieve its new growth goal.
Reshuffle underway to further stimulate revival of economy

Reshuffle underway to further stimulate revival of economy

The 13th National Party Congress is expected to set the country’s average annual growth rate of 6.5-7 per cent from now until 2025, when Vietnam may become a higher middle-income nation. To this end, restructuring public investment and state-owned enterprises will be more critical in order to create a level playing field in the economy.
Collective economy, cooperatives directly contribute 4.8pct to national GDP (Infographics)

Collective economy, cooperatives directly contribute 4.8pct to national GDP (Infographics)

The collective economy and cooperative contribute directly 4.8 percent to the national Gross Domestic Product (GDP)
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