collective wage talks key to aiding growth

Collective wage talks key to aiding growth

Proposals are being looked at to change the timeframe of when wage rises are implemented on an annual basis. International Labour Organization Vietnam director Chang-Hee Lee talked to VIR’s Ha Thu about how the voices of workers can be better heard to help create a driving force to expand the domestic market and promote economic growth.
adb forcasts vietnams economic growth to rebound to 67 per cent this year

ADB forcasts Vietnam’s economic growth to rebound to 6.7 per cent this year

Vietnam’s economic growth is expected to rebound to 6.7 per cent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries and rise to 7 per cent in 2022, according to a new report from the Asian Development Bank (ADB).
positive growth revisions on the cards after resilient q1

Positive growth revisions on the cards after resilient Q1

With its relatively good economic growth in the first quarter driven by surging manufacturing and processing activities and strong control of COVID-19, Vietnam has earned more praise from high-profile international organisations that are expected to revise up the country’s growth outlook this year.
first quarter growth fairly impressive

First-quarter growth fairly impressive

Although economic growth in this first quarter was slower than the scenario set out in Resolution No. 01/NQ-CP dated January 01, 2021, Pham The Anh, chief economist from the Vietnam Institute for Economic and Policy Research under Hanoi National University’s University of Economics and Business, shares why this growth was truly encouraging.
economy growing strongly on back of covid 19 endgame

Economy growing strongly on back of COVID-19 endgame

Efforts to boost business and production fuelled by the gradual use of COVID-19 vaccines have helped recover the country’s economic growth, driven largely by the manufacturing and processing activities.
steadying the economic ship

Steadying the economic ship

Despite numerous challenges making dents in all trade and investment activities, Vietnam’s economic growth quality has seen significant improvements over the past five years in general, eliciting praise from the National Assembly Standing Committee and high-profile international organisations.
smarter water planning imperative

Smarter water planning imperative

With water scarcity increasingly affecting people’s livelihood in recent years, Vietnam is being challenged to uncover solutions to ensure water security in the context of climate change and the country’s growing economic growth.
ifc and state bank of vietnam partner to promote womens leadership in banking sector

IFC and State Bank of Vietnam partner to promote women’s leadership in banking sector

In a bid to increase the number of females in leadership positions at banks, World Bank Group member IFC and the State Bank of Vietnam (SBV) are partnering to promote innovative and impactful initiatives for sustainable and inclusive economic growth.
government shows urgency in climate change battle

Government shows urgency in climate change battle

In a bid to ensure sustainable development and economic growth, the government has enacted a fresh action programme on continuing response to climate change, with new mechanisms in favour of private investment.
foreign direct investment spurs economic growth in vietnam infographics

Foreign direct investment spurs economic growth in Vietnam (Infographics)

Foreign direct investment plays an important role in Vietnam's economic growth.
singaporean economy on recovery uncertainties remain

Singaporean economy on recovery, uncertainties remain

An article published on the Singapore’s Straits Times on February 16 commented that even as Singapore's economy stays on the recovery track, enthusiasm over a significant growth acceleration is wearing off.
enacting long term reforms for strong economic recovery

Enacting long-term reforms for strong economic recovery

As the global economy is still mostly struggling with the health crisis, the start in 2021 is overshadowed by the hurdles of the previous year. Nevertheless, Vietnam may regain traction in economic growth. Assoc. Prof. Dr. Pham The Anh, chief economist from the Institute for Economic and Policy Research under Hanoi National University’s Economics University looks back on 2020 and gives an outlook for the new year.
forestalling impending deflation risk

Forestalling impending deflation risk

After a year when inflation was nosediving to threaten a dip below the zero mark by the end of 2020, several Ministry of Finance experts agree that stimulus measures are necessary to turn the curve around and achieve healthy socioeconomic growth with a stable inflation rate in 2021.
public investment will focus on key projects minister

Public investment will focus on key projects: Minister

Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said.
simplifying administrative procedures for economic growth

Simplifying administrative procedures for economic growth

In the context of the pandemic, reforming administrative procedures is necessary to encourage businesses to approach the market and contribute to economic growth.