fiscal action to offer efficient support access

Fiscal action to offer efficient support access

To help achieve its desired economic growth target, the National Assembly Standing Committee is expected to sign off on a new fiscal initiative that will aim to benefit the business community and individuals. However, exactly how this scheme will spur on domestic production remains in question.
world bank lowers vietnams 2021 economic growth outlook to 48 per cent

World Bank lowers Vietnam's 2021 economic growth outlook to 4.8 per cent

The latest wave of coronavirus infections continues to drag the Vietnamese economy this year, with the World Bank slashing its 2021 GDP growth forecast to 4.8 per cent from its previous estimate of 6.8 per cent.
more time and effort required for evfta led pharma advances

More time and effort required for EVFTA-led pharma advances

The EU-Vietnam Free Trade Agreement (EVFTA) officially took effect in August 2020, opening tremendous prospects in the comprehensive partnership between the two. After a year of looking back amid a global pandemic, besides economic growth and trade and foreign direct investment with industries in general, the real impact of the EVFTA on the pharmaceutical industry remains to be seen, especially for European enterprises.
social distancing orders take toll on economic prospects

Social distancing orders take toll on economic prospects

The health crisis is becoming increasingly complex and expected to continue drawing a grey economic picture in the region. Alhough Vietnam is still believed to be a leader in regional economic growth, it is now encountering lingering risks, with businesses facing massive difficulties.
5g as a catalyst for socioeconomic growth

5G as a catalyst for socioeconomic growth

5G is a platform for innovation, and because of its socioeconomic multiplier effect, it will serve as the critical infrastructure that will spur Vietnam’s Industry 4.0 and digital transformation initiatives.
country cracks on with vital public investment ambitions

Country cracks on with vital public investment ambitions

After some positive results through Vietnam’s public investment disbursement over the past half-decade, the National Assembly at the end of this week is set to decide on capital as public investment until 2025, meaning Vietnam will have big resources for boosting economic growth backed by a series of large-scale projects, especially in national infrastructure.
ho chi minh city to prioritise regional linkages via transport infrastructure projects

Ho Chi Minh City to prioritise regional linkages via transport infrastructure projects

Ho Chi Minh City will spend more than VND45 trillion ($1.96 billion) developing a road system connecting to the Mekong Delta region to create regional linkages and promote socioeconomic growth and attract investors.
vietnams economic growth forecast lowered for 2021

Vietnam's economic growth forecast lowered for 2021

Vietnam's GDP growth forecast has been downgraded by Standard Chartered and the Asian Development Bank (ADB) by 0.2 and 0.9 percentage points, respectively.
scope remains for new capital influx

Scope remains for new capital influx

With its uptrend in economic growth since early last year driven in part by a rise in foreign investment and good control of COVID-19, Vietnam has earned big applause from high-profile international organisations who are expected to revise the country’s growth outlook this year. However, some big risks may still linger in the economy.
banking stability playing key role in economic health

Banking stability playing key role in economic health

The first half of this year has come and gone, with a very interesting case on why banks still bear fruit with upbeat business results during a difficult time for the economy.
industrial production shores up post pandemic prospects

Industrial production shores up post-pandemic prospects

Despite enormous difficulties remaining due to the COVID-19 crisis causing disruptions in supply chains, domestic industrial production has continued bouncing back, promising a brighter picture for economic growth.
unlocking synergies of urban branded residences in vietnam

Unlocking synergies of urban branded residences in Vietnam

With strong economic growth forecasts and the increasing exposure of Vietnamese consumers to global standards of living, the luxury residential market is starting to discover the new concept – urban branded residences.
public investment hike cited for stellar economic recovery

Public investment hike cited for stellar economic recovery

The domestic economy has been gradually escaping from a slowdown, with growth bouncing back over the past three months thanks to the government’s efforts to curb the pandemic and remove enterprises’ obstructions, with a rise in public investment needed as a primer to attract more private funding.
stimulus sustained to ensure business performance revival

Stimulus sustained to ensure business performance revival

Despite lower-than-expected economic growth for the first half of the year, the government has yet to propose a plan to the National Assembly to adjust the growth target for the whole year, while pinning high hopes on global economic recovery backed by big stimulus packages expected to have a positive impact on the Vietnamese economy.
ministry announces two growth scenarios for second half

Ministry announces two growth scenarios for second half

The Ministry of Planning and Investment (MoPI) has devised two growth scenarios for the second half of 2021, said Deputy Minister Tran Quoc Phuong.