Structural reforms needed for medium-term growth

Structural reforms needed for medium-term growth

The Vietnamese economy is showing signals of recovery, growing from 5.66 per cent in Q1 to 6.93 per cent in Q2. Paulo Medas, mission chief for Vietnam at the International Monetary Fund (IMF), talked with VIR’s Thanh Tung about the outlook, with some headwinds staying ahead.
Vietnam sustaining growth amidst shifting FDI trends

Vietnam sustaining growth amidst shifting FDI trends

Trade ties between the US and emerging market economies in the Asia-Pacific region are shifting from efforts to diversify supply chains out of China through “friendshoring” or “nearshoring”. Against this backdrop, Vietnam is among the Asia-Pacific markets relatively well-placed to gain from such shifts.
Green hydrogen: a strategic leap towards sustainability

Green hydrogen: a strategic leap towards sustainability

Green hydrogen has the potential to transform Vietnam’s energy landscape and reduce dependence on imported fossil fuels.
Pointed pivot can ensure EV success

Pointed pivot can ensure EV success

Vietnam’s journey towards electric vehicle adoption and reduced emissions, while challenging, can be achieved through strategic planning, supportive tax policies, and robust infrastructure to meet its green transformation goals.
The tasks to tackle in global e-commerce

The tasks to tackle in global e-commerce

In recent years, e-commerce generally and particularly in Vietnam has developed at a very fast pace and become an irreversible trend.
EV strategy must prioritise keeping the pace globally

EV strategy must prioritise keeping the pace globally

Under Vietnam’s vehicle industry development strategy, electric vehicles (EVs) require robust support from government policies to contribute effectively to the country’s net-zero commitment.
Supporting a green strategy for the automotive industry

Supporting a green strategy for the automotive industry

With 6.5 million cars and 74 million motorcycles, Vietnam is the second-largest emitter of greenhouse gases (GHGs) from road transport in Southeast Asia, following Indonesia. Emissions from road vehicles in the country are rising rapidly, with an average annual increase of about 15 per cent over the past decade.
Proposed VAT rule pros and cons for digital products

Proposed VAT rule pros and cons for digital products

In alignment with the current 10-year socioeconomic development strategy in Vietnam, the draft amended VAT law is currently being developed by the Ministry of Finance, which is seeking input from businesses and business associations to finalise the draft in the near future.
Local car makers to benefit from 50 per cent registration fee cut

Local car makers to benefit from 50 per cent registration fee cut

Pent-up demand is due to push up car sales in the final months of the year, according to experts.
Vietnam on course to surpass 2023 growth results

Vietnam on course to surpass 2023 growth results

While the Vietnamese economy is projected to see lower-than-expected growth this year due to lingering headwinds caused by global geopolitical risks, the overall outlook still remains upbeat, according to analysis.
New land and housing laws expected to better allocate resources for economic growth

New land and housing laws expected to better allocate resources for economic growth

Starting August 1, 2024, three key laws - the 2024 Land Law, the amended Housing Law, and the amended Real Estate Business Law came into effect.
Ports poised for more growth amid ferocious competition

Ports poised for more growth amid ferocious competition

Marine transportation is currently navigating turbulent times. Patrick Lenain, senior associate at the Council on Economic Policies, notes how Vietnam’s ports are ready for progress amid the fierce competition.
Strong institutions shield emerging markets from US monetary shocks

Strong institutions shield emerging markets from US monetary shocks

Economists Donghyun Park and Irfan A. Qureshi from Asian Development Bank delve into the factors helping emerging markets to ensure financial stability.
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