Vietnamplus

Traditional costumes of ASEAN member states come in all shapes and sizes thanks to their diverse geographical locations, races, weathers, and cultures.

Experts of the Asian Development Bank (ADB) believe that Vietnam is showing stronger resilience than most similar economies and that its medium- to long-term economic outlook remains positive.

Vietnam’s economy is expected to grow 1.8 percent in 2020 amid the COVID-19 pandemic and bounce back to 6.3 percent in 2021, according to a new report released by the Asian Development Bank (ADB) on September 15.

The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.

The State Bank of Vietnam could increase credit growth limits for credit institutions this year or even launch stronger monetary policies to aid the country’s post-pandemic growth, Governor Le Minh Hung has said.

Prime Minister Nguyen Xuan Phuc chaired a national teleconference between the Government and localities on April 10 to discuss solutions for tackling the COVID-19 pandemic.

The central bank’s decision to lower refinance rate shows that the bank is ready to provide lower-cost capital sources for commercial banks, enabling them to restructure debts to provide new loans.

Prime Minister Nguyen Xuan Phuc has urges firms to prepare scenarios to ensure they can continue operation in any circumstances.

The following is the full text of the speech delivered by Party General Secretary and President Nguyen Phu Trong at the ceremony held in Hanoi on February 3 to celebrate the 90th founding anniversary of the Communist Party of Vietnam (February 3,1930 - February 3, 2020).

Cambodia’s construction sector attracted 9.35 billion USD in investment this year, up 79 percent from 5.22 billion USD recorded in the previous year, reported the Xinhua News Agency.

Cambodia's economy remains robust in 2019 despite concerns over the possible loss of Everything but Arms (EBA) trade scheme with the European Union (EU), Cambodian officials and analysts said.

The Indonesian government has set an economic growth target of 5.6 percent in 2020, up from the 5.3 percent targeted this year, said Coordinating Minister for the Economy Airlangga Hartarto.

Cambodia has succeeded in implementing an effective FDI-led development strategy, achieving 7 percent in GDP growth rates accompanied by rapidly falling poverty rate, according to the World Bank (WB).

Reuters and Regnum highlighted Vietnam's economic performance, while Bloomberg said Vietnam has really made a more-than-expected breakthrough and is expected to continue to grow rapidly.

Despite Vietnam’s rise in the global competitiveness index, further reforms are needed to achieve economic targets set by the Government, speakers said at a workshop in Ho Chi Minh City on October 24.

The Ministry of Industry and Trade (MoIT) will ensure the supply-demand balance of essential commodities for the Tet (Lunar New Year) of 2020 and implement a programme on keeping goods in stock for market stabilisation.

The National Assembly Standing Committee spent the whole day discussing reports evaluating the implementation of the socio-economic development plan and State budget in 2019 during the ongoing 38th session in Hanoi on October 15.

Singapore has surpassed the US to become the most competitive economy in the World Economic Forum (WEF)’s latest Global Competitiveness Report, which was released on October 9.

In the nine-month export picture, all groups of markets that Vietnam has signed a free trade agreement (FTA) with have seen positive growth.

The World Economic Forum (WEF) has ranked Vietnam as the 67th most competitive economy in its latest report released on October 9.