faith abounds in growth prospects

Faith abounds in growth prospects

Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.
bac a banks stellar growth with green focus

BAC A BANK’s stellar growth with green focus

Established in 1994, locally-invested BAC A BANK has weathered all difficulties to grow from strength to strength in an effective manner, suitable to the sustainable socioeconomic development strategy of the country as a whole.
modern technology complementing flood resilient home creations

Modern technology complementing flood-resilient home creations

Many poor locals in five coastal provinces are being supported with storm- and flood-resilient homes that can protect them during disasters. However, these gifts are not simple dwellings, but scientifically designed and solidly built, as well as supervised during their construction through state-of-the-art technology.
nourishing by nature through frieslandcampina vietnam initiatives

Nourishing by nature through FrieslandCampina Vietnam initiatives

Thanks to programmes that support thousands of people from children to dairy farmers across the country, FrieslandCampina Vietnam was honoured at last week’s Sustainable Companies in Vietnam 2020 event for its contributions to socioeconomic and sustainable development. VIR’s Thanh Dat spoke to managing director Berend Van Wel about the company’s activities in the past year and its prospects for sustainability in Vietnam.
community contributions help motivate bac a bank ideals

Community contributions help motivate BAC A BANK ideals

Locally-owned BAC A BANK has been extolled by the Vietnam Outstanding Banking Awards 2020 for its excellent achievements and contributions to the community over the past few years.
accepting new tech a key to advancement

Accepting new tech a key to advancement

Supporting enterprises in applying digital technology amid the surge of the Fourth Industrial Revolution and the health crisis will be among the keys for Vietnam to achieve sustainable development and high growth.
flexibility neccessary to meet gdp targets

Flexibility neccessary to meet GDP targets

Vietnam’s socioeconomic development plan for next year has been decided, laying a foundation for the government to apply sturdy solutions to achieve higher growth. However, additional scenarios have been recommended given the prolonged pandemic causing negative impacts on the economy.
improving trade at heart of asean goals

Improving trade at heart of ASEAN goals

Amid the raging global health crisis, Vietnam-chaired ASEAN has fast-tracked its strong commitments in driving the entire bloc forward via a series of actions to weather difficulties this year and beyond.
resiliency pointing to positive growth outlook

Resiliency pointing to positive growth outlook

Despite the pandemic, a gradual bounce in production and confidence of businesses is expected to continue driving the economy to a brighter outlook next year.
resilient homes rescue those in storm and flood hit areas

Resilient homes rescue those in storm- and flood-hit areas

An increase in extreme weather events is posing great hardships to many Vietnamese people in the south-central province of Quang Ngai, with many witnessing their homes being destroyed beyond repair by storms and floods. However, one initiative continues to transform lives for the better with the creation of resilient homes for many of those affected.
reforms to cut unwanted administrative processes

Reforms to cut unwanted administrative processes

In a bid to boost institutional reforms towards a modern market economy, further abolishing and reducing business regulations to create a bigger space for the private sector to develop will serve as a new driving force for Vietnam to improve its competitiveness.
export prospects rise though forestry decree

Export prospects rise though forestry decree

With the EU being among the largest importers of Vietnam’s timber products, a fresh decree on legal assurance has marked an important step towards the full implementation of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Vietnam and the EU.
export turnover lends country further surplus in spite of snags

Export turnover lends country further surplus in spite of snags

Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see a surplus in current account this year thanks to a possible rise in export turnover.
government pushing forward with post pandemic activities

Government pushing forward with post-pandemic activities

Despite the aftermath of the global health crisis in Vietnam, an optimistic growth scenario is formulated for the next year, with proposals for heavy investment in infrastructure and practical support for the private sector to drive the economy forward and create more employment.
ushering in prestige for the vietnamese milk industry

Ushering in prestige for the Vietnamese milk industry

With her dream of producing the best milk for Vietnamese people, Thai Huong – general director of privately-owned BAC A BANK and founder of TH Group – succeeded in building one of Asia’s largest dairy cow and fresh milk production farms within only a few years, helping to change the nature of Vietnam’s dairy industry and bringing fresh products to the wider world.