Given Vietnam’s successful control of the COVID-19 pandemic, experts in tourism and hospitality have predicted a positive outlook for Vietnam’s tourism post-COVID crisis.
The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. The Vietnam News Agency has selected the ten most significant global economic issues during the year.
Vietnam is working hard to build a stable and transparent investment and business environment, thus becoming a destination for international human and capital resources, so it would be unreasonable for the country to devaluate its currency, experts have said.
The Mekong Delta province of An Giang has asked the World Bank and the Australian government to help build reservoirs in combination with irrigation infrastructure to serve production in the Long Xuyen quadrilateral sub-region.
Vietnamese Prime Minister Nguyen Xuan Phuc has called for joint efforts from business communities in ASEAN member nations to build a resilient ASEAN with a spirit of cohesion and responsiveness towards effectively controlling the COVID-19 pandemic and promoting post-pandemic economic recovery.
Vietnam has performed remarkably well as Chair of ASEAN in the face of all the obstacles and hurdles, said Choi Shing Kwok, Director of Singapore’s ISEAS – Yusof Ishak Institute and head of the ASEAN Studies Centre under ISEAS – Yusof Ishak Institute.
Standard Chartered expects Vietnam’s economy to grow by 3 percent in 2020 and surge to 7.8 percent in 2021. Rising consumption on improving sentiment, and faster manufacturing will drive growth in the last quarter of this year.
The northern province of Phu Tho is emerging as an attractive destination for both local and foreign investors thanks to its uniform infrastructure, open policies, and safe business climate.
Vietnamese agricultural projects in Cambodia have continued to serve as a driving force for local economies over the last five months and created stable jobs for Cambodians of Vietnamese origin living near Tonle Sap.
The Vietnamese Embassy in Cambodia and the Vietnam Business Club in Cambodia (VBCC) raised fund on October 17 to support theVietnamese-Cambodians living on Tonle Sap water who are forced to relocate to land this month.
Theragen Bio has announced that it has relocated its headquarters to Korea Bio Park, located in Pangyo Techno Valley, Seongnam-si, Gyeonggi-do to expand its R&D infrastructure.
Vietnamese agricultural projects in Cambodia continued to serve as a driving force for local economies in the last five months and create stable jobs for Cambodians of Vietnamese origin living near Tonle Sap.
Though Vietnam has done exceptionally well in quickly containing COVID-19, the pandemic has taken unprecedented toll on its economy. However, it is notable room for the country to further accelerate reforms and climb up global value chain to meet its long-term development goals, heard at a forum on September 29.
With its outstanding achievements over the past three decades, Vietnam is a development success story and continues to perform well even in the pandemic on a range of indicators, including trade, growth and human capital, Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank, has said.
Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.
The central city of Da Nang has called for total investment of 47.5 trillion VND (2 billion USD) from the State Budget and foreign sources for the development of 38 projects between 2021-2025, focusing on transport and traffic.
Ho Chi Minh City’s office market has started to feel the effects of the COVID-19 pandemic, with grade A buildings impacted more than grade B, experts have said.
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