investment shift reflects evolving economic arena

Investment shift reflects evolving economic arena

Vietnam’s economy is expected to continue its success this year as it reinforces its position as a magnet for foreign investors. Lim Dyi Chang, head of commercial banking at UOB Vietnam, spoke with VIR’s Vinh Thanh about the 2024 outlook of Vietnam’s economic growth and how the country climbs up the foreign investment ladder.
ooolab highlights urgent need for upskilling

OOOLAB highlights urgent need for upskilling

It’s no secret that AI presents immense opportunities and significant challenges, particularly for the global workforce. While AI promises to revolutionise industries and boost economic growth, it also carries the potential for substantial job displacement.
more feasible solutions warranted for growth

More feasible solutions warranted for growth

A new scheme to support enterprises amid ongoing difficulties has been tabled, amid the government finding ways to reach desired economic growth.
uttc cuts thailands growth forecast this year to 26 per cent

UTTC cuts Thailand’s growth forecast this year to 2.6 per cent

The Centre of Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTTC) on March 19 forecast that Thailand’s economic growth for 2024 would be 2.6 per cent, down from its earlier projection of 3.2 per cent due to the fragile economic recovery, a slowdown in private investment, the weak purchasing power of the consumers and delayed disbursement of the 2024 budget.
strong demand for high quality drugs at reasonable prices

Strong demand for high-quality drugs at reasonable prices

As Vietnam experiences robust economic growth alongside a rapidly ageing population, the demand for pharmaceuticals and modern healthcare treatments has surged, with health expenditure in Vietnam witnessing an on-average growth rate of 11 per cent per year over the past decade.
productivity must play bigger role

Productivity must play bigger role

Financial institutions are urging Vietnam to improve its labour productivity, which is key to ensuring economic growth at a more sustainable pace.
acca report outlines sme agendas for esg

ACCA report outlines SME agendas for ESG

In 2024, the landscape for small and medium-sized enterprises is both promising and challenging. In the heart of Southeast Asia, Vietnam stands at the forefront of economic growth, and has set ambitious growth targets for 2024.
dedicated policies driving transport development plans

Dedicated policies driving transport development plans

Based on the disbursement of public investment and construction of transport infrastructure projects in 2023, Tran Quoc Phuong, Deputy Minister of Planning and Investment, points out solutions to accelerate spending in 2024 as a driving force for economic growth.
significant reasons to be optimistic on growth

Significant reasons to be optimistic on growth

It is certainly easy to be pessimistic about the Year of the Dragon in Vietnam. Inflation seems to remain stubbornly high, the real estate market appears to be in a holding pattern, the banking system has faced a major shock recently, and the stock market remains range bound – just to name a few of the significant reasons to be pessimistic about the economy and stock markets in Vietnam this year.
energy and digital will unlock bilateral potential

Energy and digital will unlock bilateral potential

Through grit and determination, both Indonesia and Vietnam have done quite well in terms of maintaining political stability and economic growth in the past 12 months.
holistic ideas can aid investment

Holistic ideas can aid investment

As we enter the Year of the Dragon, I am optimistic about Vietnam’s prospects for continued strong economic growth, despite global headwinds. The recent upgrading of the US-Vietnam bilateral relationship to a comprehensive strategic partnership has created a true sense of momentum in the bilateral economic relationship.
remittances soar for lunar new year 2024

Remittances soar for Lunar New Year 2024

The positive growth trend of remittances during festive seasons 2024 contributes to the stability of exchange rates, the foreign exchange market, and economic growth in Ho Chi Minh city.
us businesses focused on semiconductors clean energy carbon reduction

US businesses focused on semiconductors, clean energy, carbon reduction

Under Secretary of State for Economic Growth, Energy, and the Environment Jose Fernandez shared the direction of cooperation with Vietnam in the fields of semiconductor chips, clean energy and carbon reduction at a meeting with members of the American Chamber of Commerce in Ho Chi Minh City on January 24.
positive vibe covers growth prospects

Positive vibe covers growth prospects

Positive economic growth last year is expected to pave the way for higher performance this year, according to high-profile organisations’ fresh forecasts.
fdi prospects off to stellar start for 2024

FDI prospects off to stellar start for 2024

Numerous ventures worth hundreds of millions of USD are pouring into Vietnam, promising positive results in foreign investment mobilisation and contributing to economic growth for 2024.