The COVID-19 pandemic has had a serious impact on Vietnam’s economy but it’s also believed to create the conditions to attract more foreign direct investment (FDI) as there have been signs of a switch in capital flows away from China and to ASEAN member countries.
The Bank of Thailand (BoT) has further cut its basic interest rate by 25 percentage point to the record low of 0.75 percent in an effort to buffer impact on the economy.
Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on November 5 that positive results of the economy in October and the past 10 months create an important foundation for new production capacity and sustainable growth.
The Vietnamese Embassy in Egypt organised a seminar in the coastal tourist city of Sharm El Sheikh on October 26 to seek measures to boost cooperation between the two countries in various fields, especially economy, investment and tourism.
The number of newly-established firms in the northern province of Vinh Phuc in the first nine months of this year is estimated at 835, an increase of 8 percent from the same period last year.
Removing bottlenecks of businesses will be prioritised in the northern province of Bac Giang to lure more foreign direct investments (FDI) in the coming time.
Vietnam’s booming economy will see another surge of new investment after signing a free trade agreement with the European Union (EU) that could hasten the exodus of manufacturers from China, according to analysts.
It is necessary to complete a legal framework for business households so as to promote their development and contributions to the economy, experts have said.
Ho Chi Minh City’s economy remained on the growth in the first quarter of this year, said Chairman of the Municipal People’s Committee Nguyen Thanh Phong at a review meeting in early April.
As far as Vietnam’s economy is concerned, sisters really are doing it for themselves.
The State Bank of Vietnam set the daily reference exchange rate on March 6 at 22,940 VND per USD, up 2 VND from the previous day (March 5).
The 48th World Chief Financial Officers (CFO) Congress opened in Ho Chi Minh City on November 15, focusing discussion on transforming finance in the digital age.
Vietnamese firms invested 222.48 million USD in 67 newly-licensed projects abroad in the first six months of 2018, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
The trade dispute between the US and China, two of Vietnam’s top trading partners, could leave both positive and negative impacts on the country, as well as other Southeast Asian nations, business insiders and experts forewarned.
Ho Chi Minh City recorded key economic achievements in the first five months of the year, heard the municipal People’s Committee’s meeting on May 30.
A delegation from the Gyeonggi-Do Assembly of the Republic of Korea (RoK) led by its Chairman Jung Ki-Yul held a working session with the People’s Council of northern Ha Nam province on April 7.
A symposium on the Greater Mekong Subregion (GMS) and Global Trade was held in Hanoi on March 30 within the framework of the first-ever GMS Business Summit initiated by Vietnam to boost open trade and build a multilateral trade system in the region.
The VN Index, Viet Nam’s benchmark stock index, grew 12.8 per cent in January, as it joined the top three best performers in the world in the first month of 2018, just behind Argentina (16.21 per cent) and Nigeria (15.95 per cent).
Ho Chi Minh City is destined to reach Gross Regional Domestic Product (GRDP) growth of between 8.3% and 8.5% for 2018, according to a January 2 conference on the city’s socio-economic development.
Fruit and vegetables have surpassed traditional farm produce such as rice, rubber, tea, and cashew nuts to become a major foreign currency earner in the agricultural sector.