Ambitious 2023 targets out of reach with weak progress

Ambitious 2023 targets out of reach with weak progress

A sharp reduction in local production and global demand, coupled with increased geopolitical complexity, are undermining Vietnam’s efforts to achieve its economic growth target for this year.
Inflationary caution still to be heeded for rest of year

Inflationary caution still to be heeded for rest of year

A rebound in retail and consumption services and a rise in prices of input materials are expected to cause pressure on the country’s efforts to rein in inflation in the coming months.
Upgrades to ASEAN-Korea agreement in the works

Upgrades to ASEAN-Korea agreement in the works

ASEAN and South Korea will renew one of their bilateral free trade agreements and implement other deals to reinforce the latter’s investment flows into the former, with Vietnam considered a key production base.
Growth goals take hit after tricky Q1

Growth goals take hit after tricky Q1

Despite a gradual rebound in retail and consumption, lingering difficulties since Q4 last year are expected to continue making dents in economic growth of 2023, with industrial production declining in the first months of the year.
Israel and Vietnam heading to deal

Israel and Vietnam heading to deal

Vietnam and Israel are preparing to sign a bilateral free trade agreement to beef up trade and investment ties, with the Middle Eastern country eager to engage in high-tech agricultural projects in the Southeast Asian market.
Fostering innovation in response to economic headwinds

Fostering innovation in response to economic headwinds

Vietnam needs to reform and innovate to face as tough year ahead, according to a number of experts.