Vietnam's first-quarter GDP growth hits decade low  Business

Vietnam's first-quarter GDP growth hits decade low

Vietnam’s gross domestic product (GDP) in the first quarter of 2020 grew 3.82 percent, the lowest pace during the 2011-2020 period, head of the General Statistics Office Nguyen Bich Lam said at a press conference in Hanoi on March 27.
Industrial production grows in first quarter if COVID-19 ends: GSO Business

Industrial production grows in first quarter if COVID-19 ends: GSO

The General Statistics Office (GSO) forecast if the coronavirus epidemic is stamped out in the first quarter this year, Vietnam’s industrial production value in the first quarter would increase by 2.68 percent year-on-year, lower than growth rate of 9 percent in the first quarter of 2019 and 10.45 percent in the first quarter of 2018.
Prolonged COVID-19 pandemic tells on Vietnamese firms Business

Prolonged COVID-19 pandemic tells on Vietnamese firms

Many Vietnamese firms have felt the impact of the COVID-19 pandemic as the domestic processing and manufacturing sector has greatly relied on materials imported from foreign countries like China and the Republic of Korea (RoK).
Foreign investment falls 23.6 percent in first two months Business

Foreign investment falls 23.6 percent in first two months

The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency.
 Vietnam’s trade surplus expands Business

Vietnam’s trade surplus expands

In 2019, Vietnam had 32 items with export turnover of more than 1 billion USD, of which eight posted over 5 billion USD and six over 10 billion USD, contributing to the expansion of trade surplus.
Vietnam Industry White Paper 2019 released  Business

Vietnam Industry White Paper 2019 released

The Vietnamese Ministry of Industry and Trade (MoIT)’s Industry Agency and the UN Industrial Development Organisation (UNIDO) on October 22 released the Vietnam Industry White Paper 2019.
High-tech FDI shouldn’t be taken for granted Business

High-tech FDI shouldn’t be taken for granted

Vietnam has emerged as a destination for large tech firms as the trade dispute between the US and China continues to intensify with no end in sight. However, whether and how much Vietnam can take advantage of the shifting FDI flow out of China remains to be seen.