To expand the efficiency of the programme at more Vietnamese enterprises, Samsung and the Ministry of Industry and Trade have completed a training course for 207 Vietnamese consultants. DataSpeaks . HANOI (Vietnam News/ANN): Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable … Vietnam Economic News. HANOI, Nov 20 ― Vietnam is shaping up as Southeast Asia's single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, reported Vietnam News Agency (VNA) citing Nikkei Asia report yesterday. November 29, 2020 The largest industries here are services which make up 49.75% of the GDP, industry which makes up 33.25%, and agriculture which makes up 17% of GDP. Vietnam’s exports to the US have increased by 23% in the first three quarters compared to the same period in 2019, with electronics exports up 26%. Perspectives . .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}French agree to ease virus travel ban. After three decades of growth that lifted millions out of poverty, Vietnam's economy is undergoing another transformation -- thanks to technology. Woman in Da Nang runs shelter for homeless dogs and cats. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 percent this year. Business. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. How a girl's fairy house sparked a magical friendship. “People have bought a new laptop computer or they’ve bought new office furniture, for both working and spending more time at home. Travel Places Food. 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CNN speaks to Vietnam… Its economy is expected to … Việt Nam national team manager Park Hang-seo was adamant that his star defender Đoàn Văn Hậu's brief loan spell at SC Heerenveen in the Netherlands was positive for both player and country, calling it a "meaningful experience". Vietnam… About half of all businesses in Vietnam have downsized because of COVID-19, according to a survey by the Private Economic Development Research Board, as cited by domestic news … Vietnam, China co-chair 18th East Asia Forum Vietnam Plus 22:02 10-Dec-20. Although Vietnam lacks the health infrastructure of many wealthier countries, it has been widely praised for its public health measures, which quickly brought numbers under control. "This creates additional demand, compensating for Covid and … Read more. The economic impact of Covid-19”, although the Vietnamese economy suffered from Covid-19 in the first half of 2020, prospects remain positive in the short and medium term. Vietnamese experts' estimates are below those of several international organizations. 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HANOI, Dec 16 (AFP) -- A strong response to the coronavirus pandemic, surging exports and healthy public spending have helped Vietnam buck a … However, the tourism sector remained downtrodden due to the border closure. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … The IMF credited “decisive steps to contain the health and economic fallout from COVID-19” for the country’s success. The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the … Gross domestic product (GDP) in the third quarter of 2020 is estimated to increase by 2.62% over the same period last year, which is the lowest increase between 2011 and 2020. VideoHow a girl's fairy house sparked a magical friendship, 'People have Zoom fatigue but it's not our fault', Tech trends in 2021: Fast planes and homeworking. Click to get a sign-in link sent to your email. The report attributes Vietnam's economic performance to the resilience of both its domestic economy and the external sector. .css-14iz86j-BoldText{font-weight:bold;}Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. November 29, 2020. Lockdown in Vietnam lasted only three weeks, and the country has been among the first to open for business. Vietnam Economy. Vietnam… Its economy is expected to grow 2.4% this year, according to latest figures from the International Monetary Fund. (VOVWORLD) - Vietnam's GDP is forecast to grow 6.8% next year and stabilize at around 6.5% thereafter, according to a report released by the World Bank (WB) on Monday. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 09:28 11-Dec-20 Apec Diem Thuy - Thai Nguyen Industrial Park - an ideal destination for foreign enterprises to do business in Vietnam AsiaOne 05:14 11-Dec-20 Travel. Vietnam has been a bright spot in Asia from an economic growth perspective for a number of years now. All the latest news in Vietnam - Breaking news and video. Vietnam recorded decade-low GDP growth of 1.8% in the first half of this year, and expansion is forecast at … A rebounding economy and a new trade deal are reasons why the outlook for Vietnam is positive despite the coronavirus pandemic, said Edward Teather of UBS Research. HCMC - Vietnam achieved a record high trade surplus of US$20.1 billion in the January-November period although the Covid-19 pandemic continues to show complicated developments, challenging the global economy, according to the General Statistics Office. Current News and the latest top stories in world news. Vietnam’s rapidly growing pharmaceutical industry has been a magnet for foreign firms. The economy began the fourth quarter on a robust footing according to available data. 1. Consumer prices fell 0.01% in November over the previous month, contrasting October's 0.09% rise. Vietnam economy is Asia's shining star during Covid The South East Asian nation has benefited from the working from home electronics boom … This is cached page on VietNam Breaking News. By Dat Nguyen October 9, 2020 | 03:24 pm GMT+7 Workers make garment products at a factory in the southern province of Long … Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. The country has seen slower growth this year and its once-thriving tourism sector has taken a particularly bad hit, but it has avoided the worst economic effects of the pandemic. Realty sector suffers losses in nine months. Vietnam: Industrial output records quickest growth since February in November. After completing the course, Vietnamese consultants were selected by the ministry to support quality improvements in production for Vietnamese enterprises in the fields of manufacturing, processing and … In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. At a virtual summit with Vietnamese Prime Minister Nguyen Xuan Phuc, Modi said India looks at its ties with Vietnam with a long-term and strategic perspective. November 17, 2020. Home / News. A number of factors have cushioned the blow, according to Michael Kokalari, chief economist for Vinacapital, a Vietnam-focused investment company. EU nationals and those transporting goods internationally can return - if they have a recent negative test. Read about our approach to external linking. WEBSITE VIETNAM ECONOMIC NEWS - MINISTRY OF INDUSTRY AND TRADE. 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The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. According to the ADB’s Asian Development Outlook 2020 report published on April 3, 2020, Vietnam’s economic growth will decline sharply to 4.8 percent in 2020 but bounce back up to 6.8 percent in 2021, provided the pandemic is contained. The IMF is predicting a strong economic recovery in 2021, with growth projected to strengthen to 6.5% “as normalisation of domestic and foreign economic activity continues.”. Sorry, no headlines or news topics were found. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 percent this year. Deputy Editor-in-Chief: Dang Thai Anh. Publication Permit: 456/GP-BTTTT dated November 18, 2013. Vietnam’s GDP will grow by 2.8 and 7.1 percent in 2020 and 2021, United Overseas Bank has forecast. The United States Treasury on Wednesday labelled Switzerland and Vietnam as currency manipulators and placed 10 other countries including China … Life Trend Culture Style. Business Vietnamese economy bucks global trend. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. Sports. The ongoing US-China trade war has also made China a less attractive place to manufacture, with a number of tariffs in place on exports. Many multinationals have started operating in Vietnam, including global technology leaders like Apple and Samsung. The new target comes as gross domestic product for the export-led Vietnamese economy grew just 0.36% in the second quarter, down sharply from 3.8% in the January to March period. © 2020 BBC. 13 October; 1 min read Vietnam: Inflation drops to lowest level since February 2016 in November. New Delhi: Describing Vietnam as an important partner in India's Indo-Pacific vision, Prime Minister Narendra Modi on Monday said cooperation between the two countries can contribute to maintaining peace and stability in the region. All rights reserved. Top Export Goods And Partners. The mouthpiece of the Ministry of Industry and Trade. The ADB estimates Vietnam’s economy grew by 6.8 percent last year, faster than most similarly sized countries in Asia. Vietnam economy continues to strengthen, reports VDSC. VIETNAM BUSINESS NEWS OCTOBER 14; VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13; Vietnam to post economic growth of 6.6 pct in 2019: WB; Vietnam’s economy maintains positive outlook have 234 words, post on ven.vn at August 30, 2020. Vietnam has minimised the economic damage from Covid-19 and is the only country in South East Asia on track for growth this year. 13 October; 1 min read; 1; view. The report provides a detailed look at the policy toolbox that could help Vietnam stabilize the economy, reduce investment needs in the coming austerity period, and achieve climate targets in both the short and longer terms. Vietnamese economy to surpass Taiwan's in 2035: Think tank Taiwan News 04:28 11-Dec-20. © Copyright 1997 - 2020 NewsNow Publishing Limited. Still, Vietnam's economy is less exposed than other tourism-dependent countries in the region such as Thailand, where the IMF predicts the economy to slump by 7.1 per cent this year. HANOI, Nov 20 ― Vietnam is shaping up as Southeast Asia's single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, reported Vietnam News Agency (VNA) citing Nikkei Asia report yesterday. icon 1 minutes ago 0. icon. It depends, 1,000 lost on one boat - this woman hopes to name them, Wuhan scientist 'welcomes' visit over lab leak claim, Twitter's copyright policy 'used to silence activists', .css-q4by3k-IconContainer{display:none;height:1em;width:1em;vertical-align:-0.125em;margin-right:0.25em;}playHow a girl's fairy house sparked a magical friendship. .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Covid-19: French agree to ease virus travel ban.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Coronavirus: EU urges countries to lift UK travel bans2, Karima Baloch: Pakistani rights activist found dead in Toronto3, Alex Padilla to replace Kamala Harris in US Senate4, Coronavirus spreads to Antarctic research station5, France bans use of drones to police protests in Paris6, Nicola Sturgeon broke Covid rules at funeral7, Widowed penguins hug in award-winning photo8, Giant iceberg A68a shatters into large fragments9, Viral 'butt-less' pyjamas ad sparks confusion10. The pandemic has also prompted more companies to consider manufacturing there, because of the need to diversify their supply chains, said Mr Kokalari. EU urges its members to lift UK travel bans, France bans use of drones to police Paris protests, Can pregnant women receive the vaccine? Regardless of the impact of the COVID-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia. A low base effect would contribute a further to 6.5% growth next year. Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. A low base effect would contribute a further to 6.5% growth next year. The National English language daily, Outlook magazine. Vietnam Economy News PVI climbs up list of 500 most profitable companies. The government has also helped cushion the economic blow by pouring money into infrastructure projects such as roads and bridges, said Thanh. Besides the containment of the pandemic by bold, early and innovative measures, the Vietnamese government has also used its fiscal and monetary policies to provide breathing space for the private sector and jump-start the recovery. Perspectives. GDP growth. In Vietnam, the old age dependency ratio, which compares the number of people 60 and older to 15–59 year-olds, is expected to double in the next 25 years, and replacement rates are around 70 percent, significantly above the 54 percent average for counties in the Organization for Economic Cooperation and Development (OECD). €œPeople have bought a new laptop computer or they’ve bought new office furniture, for both working spending! Come from the huge increase in the number of people working from home globally be one of the Covid-19,! Publication Permit: 456/GP-BTTTT dated November 18, 2013 has had only 1,288 Covid-19 cases 35. 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