conference discusses new drivers of economic growth

Conference discusses new drivers of economic growth

Many important issues in the Vietnamese economy were brought to the table at the 5th Vietnam Economic Forum, such as effectively exploiting signed free trade agreement, and identifying opportunities and challenges in energy transition.
adb cuts developing asia growth projection on china slowdown

ADB cuts developing Asia growth projection on China slowdown

The Asian Development Bank trimmed its economic growth forecast for developing Asia on Wednesday, with China's pandemic lockdowns, slowing global demand and the Russian invasion of Ukraine seen as limiting the region's prospects.
economy prepares for external strain

Economy prepares for external strain

Vietnam’s economic growth prospects next year are expected to face tough challenges including slowdown in exports and investment, caused by various global fluctuations.
vietnam maintains appeal despite economic headwinds

Vietnam maintains appeal despite economic headwinds

Following a resilient performance during COVID-19, experts predict that Vietnam’s economy will still maintain its appeal despite global headwinds in 2023.
the importance of integrating policy to shore up supply chains

The importance of integrating policy to shore up supply chains

One of the most urgent potential threats to Vietnam’s continued economic growth comes from a sustainability issue that did not get much air time at the COP27 climate summit in Egypt in November - supply chains.
enabling green building development in vietnam

Enabling green building development in Vietnam

Vietnam’s major cities are changing at blinding speed. Over the past 20 years, cities like Ho Chi Minh and Hanoi have seen residential areas expand, malls open, skyscrapers rise, and populations grow, among many other changes that project the country’s rapid economic growth.
dynamism underlined for vietnams export economy

Dynamism underlined for Vietnam’s export economy

The relationship between the growth of domestic content of exports and other output growth is quite close. Balance of payments constraint and economic growth are based on numerous factors. Countries need dollars to pay for essential imports and to meet payments obligations associated with interest payments on debt and profits of foreign companies. Countries receive dollars for their net exports, profits from or interest on assets held abroad, remittances, inward investment, and foreign borrowing.
korean expectations for deals in vietnamese market

Korean expectations for deals in Vietnamese market

Since Vietnam keeps moving forward with its high economic growth rate, market potential, and developments in business sectors including IT, Vietnam is still an attractive investment destination for foreign investors. However, with synchronised interest rate increases under way globally and depreciations of South Korean currency caused by the recent global recession following the geopolitical uncertainty makes it difficult for South Korean businesses to predict their affairs, as well as the profitability of their potential targets abroad.
digitalisation to drive forward sustainable development

Digitalisation to drive forward sustainable development

Digital transformation is already a global engine of sustainable economic growth and, undoubtedly, 5G will be a socioeconomic driver for Vietnam. The enhanced speed, security, and resilience offered by 5G will provide stimulus for local industry to innovate and digitalise rapidly, creating significant economic value for the country. Connected, digital enterprises not only tend to thrive and generate jobs, but also contribute to increased revenues, as well as addressing climate change.
gdp growth target at 65 per cent in 2023 proves feasible

GDP growth target at 6.5 per cent in 2023 proves feasible

Phi Huong Nga, deputy general director of the Department of Industrial and Construction Statistics under the General Statistics Office, explains to VIR's Manh Bon why the economic growth target set by the National Assembly at 6.5 per cent in 2023 is feasible, yet not easy to reach.
asia pacific outperforms global decarbonisation in 2021

Asia-Pacific outperforms global decarbonisation in 2021

The Asia-Pacific region outperformed its global counterparts in 2021 with a decarbonisation rate of 1.2 per cent versus 0.5 per cent elsewhere, as stated in a newly-released PwC report that highlights the efforts to decouple greenhouse gas emissions from economic growth despite the global headwinds.
vietnam preparing for new growth

Vietnam preparing for new growth

The Vietnamese economy is bouncing back significantly. Shimizu Akira, chief representative at the Vietnam Office of the Japan International Cooperation Agency, spoke with VIR’s Thanh Tung about solutions for the government to achieve quicker economic growth.
orders made to push disbursement of public funds

Orders made to push disbursement of public funds

To prevent low economic growth next year and slow attraction of private investment, the government has continued ordering ministries and localities to intensify public investment.
bolstering nations economy through network in the skies

Bolstering nation’s economy through network in the skies

The investment in small, multipurpose airports is expected to unlock the potential of tourism as well as the economic growth in some localities.
vietnam contributes importantly to aseans economic growth asean deputy secretary general

Vietnam contributes importantly to ASEAN’s economic growth: ASEAN Deputy Secretary-General

Deputy Secretary-General for ASEAN Economic Community for 2021-2024, Satvinder Singh, has affirmed that Vietnam is one of the strongest contributors to ASEAN’s dynamic, resilient economy and is a very critical partner for ASEAN’s integration.