manufacturing sector remains in growth territory

Manufacturing sector remains in growth territory

The S&P Global Vietnam Manufacturing Purchasing Managers' Index remained above the 50 point mark in November for thesecond consecutive month, following the contraction caused by Typhoon Yagi in September.
targeted policy support is crucial in order to navigate economic uncertainty

Targeted policy support is crucial in order to navigate economic uncertainty

Super Typhoon Yagi made headlines when it hit Vietnam in September. Torrential rains, flooding and landslides caused substantial casualties and extensive damage to roads, agricultural areas, factories, and ports in northern Vietnam, including Hanoi and major ports in the northern port city of Haiphong.
typhoon yagi a wake up call for vietnams insurance needs

Typhoon Yagi a wake-up call for Vietnam’s insurance needs

With serious damages of Typhoon Yagi, Vietnamese people are urged to pay more attention to insurance in response to unexpected events.
policy credit a boon to yen bai residents in the wake of typhoon yagi

Policy credit a boon to Yen Bai residents in the wake of Typhoon Yagi

Yen Bai province suffered some of the most significant damage from Typhoon Yagi in September, with heavy rainfall and floods. In response, Vietnam Bank for Social Policies (VBSP) has stepped up the pace of policy credit allocation to affected areas in the locality.
australia and vietnam join forces to cultivate quality workforce for net zero future

Australia and Vietnam join forces to cultivate quality workforce for net-zero future

Vietnam and Australia view the green economy as a vital area for cooperation, with Australia’s ambition to lead in renewable energy aligning with Vietnam’s focus on wind and solar development.
typhoon could change mindsets in insurance sector

Typhoon could change mindsets in insurance sector

Experts predict that Typhoon Yagi will prompt consumers to re-evaluate the role of insurance in disaster protection, pushing insurers to adopt technology for faster damage assessments and quicker payouts.
rebuilding lives a priority in aftermath of typhoon yagi

Rebuilding lives a priority in aftermath of Typhoon Yagi

In the wake of Typhoon Yagi, addressing the tragic consequences and rebuilding efforts has become paramount, with crucial bank support and strategic advice from industry experts guiding the process.
dream school supports typhoon yagi survivors

Dream School supports Typhoon Yagi survivors

In late September, The Dream School embarked on a charitable journey across four northern mountainous provinces to aid residents and students impacted by Typhoon Yagi
wilmar clv group supports northern provinces in wake of typhoon

Wilmar CLV Group supports northern provinces in wake of typhoon

Wilmar CLV Group announced a donation of VND7 billion ($291,666), including cash, rice, and essential supplies, to the Vietnam Fatherland Front Committee of Quang Ninh province on October 7, aimed at supporting local communities and recognising the vital work of frontline responders following Typhoon Yagi.
vietnams gdp climbs to 74 per cent in third quarter

Vietnam's GDP climbs to 7.4 per cent in third quarter

Vietnam's GDP growth accelerated to 7.4 per cent in the third quarter of 2024, despite the impacts of Typhoon Yagi.
japfa vietnam assists in typhoon recovery efforts

Japfa Vietnam assists in typhoon recovery efforts

Japfa Comfeed Vietnam Co., Ltd. (Japfa Vietnam) has reached out to customers and partners in northern provinces affected by Storm Yagi.
european businesses maintain positive sentiment for vietnam

European businesses maintain positive sentiment for Vietnam

European businesses maintain a positive sentiment about Vietnam despite the economic challenges posed by Typhoon Yagi, according to EuroCham Vietnam's latest findings.
inflation takes focus to circumvent typhoon impact

Inflation takes focus to circumvent typhoon impact

To prevent potential price hikes in the aftermath of Typhoon Yagi, the government has placed a stronger emphasis on controlling inflation, viewing it as key to ensuring the country’s economic growth targets for the year.
several banks suspend interest payments for typhoon affected borrowers

Several banks suspend interest payments for typhoon-affected borrowers

Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
manufacturing production suffers after typhoon yagi

Manufacturing production suffers after Typhoon Yagi

Typhoon Yagi had a significant impact on Vietnam's manufacturing sector in September, with heavy rain and flooding causing temporary business closures and delays across production lines and supply chains.