The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first six months of the year expanded 7 percent from the same time last year, propped up by high growth of the processing sector.
Vietnam is likely to earn 10 billion USD from exporting aquatic products in 2019, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.
The signing of the EU-Vietnam Free Trade Agreement (EVFTA) in Hanoi on June 30 after six years of negotiation is expected to serve as a lever for the growth of Vietnam’s economy and business community.
Although GDP growth in the first half of 2019 was only 6.76, well below the 7.08 percent growth rate in the same period last year, it was a good result compared to the figures from 2011-2017 period.
Vietnam’s gross domestic product (GDP) expanded 6.76 percent, fueled by stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production, Director General of the General Statistics Office (GSO) Nguyen Bich Lam said at a press conference on June 28.
The Ministry of Planning and Investment (MPI) will continue working hard to ensure gross domestic product (GDP) growth reaches 6.8 percent at the end of the year.
More than 300 businesspeople from Italy’s Piedmont region and member countries of ASEAN gathered at a workshop in Turin city on June 17 and 18 to seek business cooperation opportunities.
The Vietnamese Embassy in Argentina and the Argentine Chamber of Commerce for Asia on June 6 co-organised a workshop to introduce business cooperation opportunities in Vietnam.
Singapore’s annual economic growth slipped to the lowest rate in nearly a decade during this year’s first quarter as manufacturing slowed down in the wake of the prolonged US-China trade war, prompting a downgrade to the city-state’s full-year growth forecast.
Twenty one member economies of the Asia – Pacific Economic Cooperation (APEC) forum have voiced their support for free trade in the context that global economy is being affected by the US-China trade war.
As a national flag carrier and reserve force for national security and defence, Vietnam Airlines should strive to become the first 5-star airline of Vietnam in the earliest time, Prime Minister Nguyen Xuan Phuc has said.
Thailand’s small and medium-sized enterprises (SMEs) ranked third in digital transformation among six ASEAN member countries, behind Malaysia and Singapore, according to a study commissioned and announced by Cisco Systems on May 8.
The private sector is seen as a mainstay of Hanoi’s economic development as the nearly 250,000 firms make up 40 percent of gross domestic product (GDP) and generate jobs for over 50 percent of the labourers in the city.
Seeing the important role of the private sector to local development, Ho Chi Minh City will work to attract more private investment to carry out smart urban area projects and branch out Industry 4.0 services, said Secretary of the municipal Party Committee Nguyen Thien Nhan.
VNDirect Securities Corporation (VNDS) expects its post-tax profit to grow 31 percent year on year in 2019 to 487 billion VND (20.9 million USD), attendees heard at the firm’s annual shareholder meeting on April 18.
The Thai Chamber of Commerce (TCC) forecast Thailand’s gross domestic product (GDP) growth at 3.5 percent in 2019 if the new government takes office by September.
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