Vietnam’s economy could grow bigger than Singapore by 2029, the UK-based Global Business Outlook recently cited the Development Bank of Singapore (DBS)’s report.
Vietnam has been hit hard by the current novel coronavirus pandemic (COVID-19), but it will show signs of recovery in the post-coronavirus period, the World Bank said in its Vietnam Macro Monitoring report for May.
In the first four months of 2020, committed foreign direct investment (FDI) amounted to US$12.3 billion, a year-on-year decrease of 15.5%. Surprisingly, the value of FDI commitment rebounded in April, up by 81% over March 2020.
The Vietnam Report JSC and VietNamNet newspaper announced the top 500 largest enterprises in Vietnam (VNR500) in 2019 at a ceremony in Hanoi on January 9.
Vietnam’s gross domestic product (GDP) is forecast to expand 7 percent during 2021-2025 on the back of new-generation free trade agreements, according to the Ministry of Planning and Investment’s National Centre for Socio-Economic Information and Forecast (NCEIF).
Experts have forecast that 'GDP may reach 6.82% for the whole year, with an estimated export turnover growth of 8.02%, a trade surplus of 0.8 billion USD and average inflation of 3.38%.
Prime Minister Nguyen Xuan Phuc has delivered Vietnam’s strong message, aspiration, and determination to become a “country of renovation and creativity” and an economy with globally extensive connectivity when engaging in every activity of the World Economic Forum (WEF) 2019 in Davos, Switzerland.
Vietnam earned 88.05 million USD from exports to the Czech Republic in September, raising the figure for the first nine months of this year to 775.94 million USD, up 10.8 percent year-on-year, according to the Czech Statistical Office.
Vietnam’s economy had a good start in 2018 with a 7.38 percent GDP growth in first quarter, but experts warn of challenges and risks ahead in the remaining of the year as well as following years.
The business community will define the future of the Vietnamese economy in the coming decades and serve as an important driving force to achieve prosperity, stated Prime Minister Nguyen Xuan Phuc.
Shares advanced further on both local exchanges on November 13 as investors eagerly anticipated some companies’ sale of more shares to reduce the State’s capital holdings, and by the impacts of the APEC event last week.
Looking back the year 2016, both domestic and foreign businesspeople and experts stated Vietnam’s economy made positive progress partly thanks to its internal strength
Experts from the business research group Conference Board said the Vietnamese economy is not likely to experience seismic changes if US president-elect Donald Trump says no to the TPP deal.
To boost sales at the peak shopping season for Tet (Lunar New Year), Vietnamese enterprises need to pay more attention to customer demand in each region.
State-run Vietnam Oil and Gas Group (PetroVietnam) remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue (VNR500) this year.
Vietnam’s economy has expanded at a speed of 6.68 percent in 2015, the fastest rate during the period 2011-2015, according to the General Statistics Office (GSO).
Vietnam’s economy has started to thrive while most of Asian economies is slowing economically and moving towards consumer-led growth, the Standards & Poor (S&P) fund said in its recent report.
Business
