Public debt of Laos predicted to increase amid COVID-19 World

Public debt of Laos predicted to increase amid COVID-19

The public debt of Laos may increase to as much as 65 to 68 percent of its gross domestic product (GDP) in 2020 following a sharp fall in national revenue collection alongside an increase in loans due to the COVID-19 pandemic, Vientiane Times reported.
EVFTA offers new prospects to European economies World

EVFTA offers new prospects to European economies

The EU–Vietnam Free Trade Agreement (EVFTA), which came into effect on August 1, not only opens up opportunities to spur Vietnam's economy but also offers new prospects to European economies at a time of global financial uncertainties, according to the German press agency DPA.
External information work to be renewed Society

External information work to be renewed

Prime Minister Nguyen Xuan Phuc recently signed Decision No 1191/QD-TTg approving goals, tasks, and measures to renew and improve the popularisation of news for external services, contributing to building a border of peace, friendship, cooperation, and development.
Derivatives market sees liquidity rise in July Business

Derivatives market sees liquidity rise in July

Transactions on the derivatives market in July increased compared to June with average trading volume up by 18.59 percent to about 212,623 contracts per session, according to statistics from the Hanoi Stock Exchange (HNX).
Revenue of retail sales and services rises in July Business

Revenue of retail sales and services rises in July

Vietnam’s revenue of retail sales and services in July was estimated at 431.9 trillion VND (18.6 billion USD), up 3.3 percent over the previous month and up 4.3 percent from the same period last year, according to the General Statistics Office (GSO).
Thai Vietjet commences 10th domestic service in Thailand World

Thai Vietjet commences 10th domestic service in Thailand

Thai Vietjet has inaugurated its maiden flight VZ330 from capital city of Bangkok (Suvarnabhumi Airport) to Nakhon Si Thammarat, an administrative center of southern Thailand and one of the most ancient cities of the country.
U-shaped recovery expected in ASEAN+3: AMRO World

U-shaped recovery expected in ASEAN+3: AMRO

A gradual U-shaped recovery is expected for the ASEAN+3 region, which includes ten ASEAN member states, China, Japan and the Republic of Korea, according to an updated forecast by ASEAN+3 Macroeconomic Research Office (AMRO).
Cashew nut exports up 1 percent in H1 Business

Cashew nut exports up 1 percent in H1

Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS).
Vinatex’s revenue nosedives 36 percent in Q2 Business

Vinatex’s revenue nosedives 36 percent in Q2

The COVID-19 pandemic dragged down the revenue of the Vietnam National Textile and Garment Group (Vinatex) by 36 percent year-on-year in the second quarter, to just over 3.08 trillion VND (133 million USD).
Vietnam receives positive global exports outlook Business

Vietnam receives positive global exports outlook

Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.