Economic growth hinges on geopolitical outcomes

Economic growth hinges on geopolitical outcomes

Economists and experts are gauging possible impacts of the Russia-Ukraine conflict on Vietnam’s economy, focusing on effects on the country’s rebound efforts, as well as possible gains from the event.
Robust leadership for a bulked up economic transformation

Robust leadership for a bulked up economic transformation

The government is making great efforts to revive the economy with the fresh promulgation of the Economic Recovery and Development Programme for 2022-2023.
Vietnam sizes up for speedy growth

Vietnam sizes up for speedy growth

Vietnam is expected to be a leader in economic growth in Southeast Asia this year, in defiance of lingering risks, with businesses gradually bouncing back from recent woes.
E-commerce forecast to make breakthroughs this year: experts

E-commerce forecast to make breakthroughs this year: experts

E-commerce is projected to continue thriving and creating a momentum for economic growth in 2022, according to experts.
Outlook for improved growth in new year

Outlook for improved growth in new year

Last year, I was overly optimistic about the time it would take to control the pandemic and to ease domestic and international travel restrictions. But despite continuing uncertainties, the prospects for the Vietnamese economy have improved since the 6.02 per cent contraction in the very difficult Q3 of 2021, and there are now reasons to be cautiously optimistic about the prospects for a return to stronger economic performance in 2022.
Quality the key in digital growth goal

Quality the key in digital growth goal

Despite the dents in economic growth for 2021, the country’s growth quality has nevertheless seen gradual improvements, preparing the groundwork for Vietnam to materialise its dream of becoming a digitalised economy and lure deeper investment.
Low-carbon economic growth: Green building examples from the world

Low-carbon economic growth: Green building examples from the world

One of the countries to be most impacted by climate change and with one of the fastest growth in greenhouse gas emissions globally, Vietnam sits in the crosshairs of the climate crisis.
Domestic resources – key to achieve development goals: UNDP expert

Domestic resources – key to achieve development goals: UNDP expert

Vietnam must consistently invest a larger share of national income if it is to achieve the targets set out in the ten-year development strategy of achieving upper middle-income status by 2030 and high-income status by 2045, while coping with formidable challenges of COVID-19, according to Professor Jonathan Pincus, UNDP Senior International Economist.
Vietnam pulls out all stops to recover ground lost to virus

Vietnam pulls out all stops to recover ground lost to virus

Lower-than-expected economic growth this year may undermine the country’s efforts to reach its medium-term goals. The National Assembly and the government will therefore provide further assistance to struggling businesses and create new space for the private sector to flourish.
Zooming ahead in sustainable economic growth – digitally

Zooming ahead in sustainable economic growth – digitally

Over the past three decades, Vietnam’s socioeconomic growth has been a remarkable success story. However, rapid economic development and industrialisation has come at a cost. Energy consumption has tripled over the past decade, making Vietnam one of the most energy intensive countries in East Asia. Greenhouse gas (GHG) emissions are increasing rapidly and expected to triple by 2030.
Consumption dip impedes inflation

Consumption dip impedes inflation

Vietnam is expected to see an average inflation rate below its target of 4 per cent this year as economic growth slows due to stunted production and consumption.
Protracted restrictions put main growth drivers at risk

Protracted restrictions put main growth drivers at risk

A continued trade deficit over the past few months and an expected drop caused by the global health crisis in inflows of foreign investment are unlikely to weaken Vietnam’s external position this year.
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.
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.
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