Key trends to watch out for in the Year of the Cat

Key trends to watch out for in the Year of the Cat

Geopolitical shocks and sustained inflation are expected to persist in 2023, but Asia is likely to be a bright spot amidst intensifying headwinds.
Review of Vietnam’s economy 2022: Global & local headwinds have just begun

Review of Vietnam’s economy 2022: Global & local headwinds have just begun

While an array of measures have been taken by the Vietnamese government, the local economy is still predicted to suffer disturbances over the coming year.
The implications of global uncertainty

The implications of global uncertainty

Global inflation rose sharply in 2022 – in the second half of the year, median global headline inflation reached over 9 per cent, its highest level since 1994. Soaring inflation reflected a combination of supply and demand factors. On the demand side, the acceleration of growth during the initial rebound from the 2020 global recession, as well as the lagged effects of earlier macroeconomic support, contributed to persistent price pressures.
Vietnam’s economy steadfast amid the headwinds

Vietnam’s economy steadfast amid the headwinds

The government and people of Vietnam well deserve their achievement of the highest economic growth record in more than a decade. Despite global economic concerns, inflationary pressure, currency depreciation and other current challenges, Vietnam’s economy grew at 8.02 per cent in 2022, according to the General Statistics Office. That was higher than the government’s initial target of 6-6.5 per cent, and Vietnam remains one of the fastest-growing economies in the region.
Expectations on the horizon

Expectations on the horizon

The world steps into 2023 brimmed with great expectations as well as concerns amid the challenging development path ahead. Economist Nguyen Tri Hieu scrutinised with VIR’s Dinh Thuy the major challenges Vietnam’s economy will face, particularly in the finance-banking sector.
Data localisation regulations in need of further guidance

Data localisation regulations in need of further guidance

The long-awaited issuance of Decree No.53/2022/ND-CP last year guided the implementation of the Law on Cybersecurity. Given the decree features implementing rules on the law’s data localisation and local office requirements, businesses with operations inv
Experts call for extension of tax support

Experts call for extension of tax support

Enterprises are hoping that supportive policies related to taxes and fees that emerged in 2022 will be maintained to mitigate burdens and help push production and business.
Adhering to the law in termination of labour contracts in Vietnam

Adhering to the law in termination of labour contracts in Vietnam

A guideline issued by the Supreme People’s Procuracy in November covered a number of fundamental contents in the supervision of settlement of individual labour disputes including specific guidelines on settlement of disputes of unilateral termination of a
Managing working capital within a complex environment

Managing working capital within a complex environment

We ended 2022 amidst considerable uncertainty. The global economy is being impacted by several interlocking events such as the war in Ukraine and high food and fuel prices.
Urgency required to build an economy that is self-reliant

Urgency required to build an economy that is self-reliant

Prime Minister Pham Minh Chinh has underlined the importance of an independent and self-reliant economy, embracing effective international integration. Dr. Nguyen Duc Kien, head of the PM’s Economic Advisory Group, talked with Manh Bon about how to build an independent and effective economy as Vietnam integrates globally.
Prospects of sustained growth and success

Prospects of sustained growth and success

Vietnam is ushering in 2023 with new prospects on the horizon and challenges aplenty. Senior economist Raymond Mallon writes about the developments, risks, and opportunities for the Vietnamese economy in the new year.
Vietnam in 2023: Facing a recession or a rebound?

Vietnam in 2023: Facing a recession or a rebound?

Vietnam will once again face an uncertain world economy in 2023: high inflation will hurt the real incomes of consumers and depress retail sales in many countries, rising interest rates will cool down housing markets, and property developers will postpone
Dealmaking potential ripe in Vietnam for ESG-minded groups

Dealmaking potential ripe in Vietnam for ESG-minded groups

In the midst of persistent worries about the global economy in 2023, including the risk of an economic recession, Vietnam continues to be a bright spot for economic development and potential mergers and acquisitions for investors in the region.
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