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Image: Vietnam's GDP grows 5.05%, among the high group, economic scale reaches 430 billion USD

Vietnam's GDP grows 5.05%, among the high group, economic scale reaches 430 billion USD

On January 5, the Government held a meeting to summarize the work in 2023 and implement tasks for 2024 between the Government and local administrations. Speaking at the opening of the meeting, Prime Minister Pham Minh Chinh affirmed that in general, the socio-economic situation in 2023 continued

Image: Vietnam's GDP in 2023 is estimated to increase by 5.05%, among the highest in the region and the world

Vietnam's GDP in 2023 is estimated to increase by 5.05%, among the highest in the region and the world

Although the growth rate of 5.05% in 2023 does not meet the set target, it is still a positive number in the context of the general difficulties of the global economy. Vietnam continues to be a global and regional growth hotspot.

Image: EU foreign direct investment in Vietnam will increase by the end of 2023

EU foreign direct investment in Vietnam will increase by the end of 2023

The quarterly Business Confidence Index (BCI) of the European Chamber (EuroCham) of Commerce in Vietnam shows that more than half of those surveyed predict increasing foreign direct investment in Vietnam when 2023 is almost over.

Image: The World Bank praised Vietnam as a "hero", with GDP growth on par with China

The World Bank praised Vietnam as a "hero", with GDP growth on par with China

Vietnam is one of the 'heroes' in the economic recovery process in East Asia and the Pacific region.

Image: Vietnam’s Q4 economic growth may improve better than expected: HSBC

Vietnam’s Q4 economic growth may improve better than expected: HSBC

HCMC – Vietnam’s economy is projected to perform better than expected in the final quarter of the year if the State Bank of Vietnam (SBV) continues to provide monetary policy support, according to a recent report by HSBC Vietnam. The report has revised the economic growth forecast for Q4 by 0.1%,

Image: Economic outlook – gloomy or not?

Economic outlook – gloomy or not?

While many enterprises have in a recent survey held a negative viewpoint on the economy in the rest of 2023, official data paint another picture. The Board for Private Economic Development Research in a recent report stated that around 82% of nearly 10,000 enterprises being surveyed are downbeat

Image: The shadow over economy

The shadow over economy

The National Assembly (NA) sitting is taking place at a time when things could not be worse. The country has been beset by economic woes while business sentiment has plunged to its lowest since 2005. The 15th NA began its fifth sitting in Hanoi on May 22. During the ongoing meeting, there have

Image: Recovery unabated amid uncertainty

Recovery unabated amid uncertainty

2023 looks to be a challenging year for the global economy, with global growth decelerating owing to monetary tightening and the Russia-Ukraine military conflict continuing to weigh on activity. Persistent inflation pressures, and now financial sector problems in the U.S. and Europe, are injecting

Image: Lifting the value of export apparel

Lifting the value of export apparel

Experts agree that improving textile production, fashion design and localization is needed for the long-term development of the domestic garment sector. Increasing product quality Most raw materials used in Vietnam’s textile sector are imported from China and other countries, making the industry

Image: Bracing for upcoming challenges

Bracing for upcoming challenges

Obstacles to economic growth were found as shown by statistics at the end of 2022 and became more serious in the first quarter this year. Currently, most key economic indicators are much poorer than in the same period last year. The value of textile and garment exports hit rock bottom, while the

Image: Ambitious targets amid challenges

Ambitious targets amid challenges

While the business community is concerned about a fall in profit this year, the banking system still expects positive growth. Optimistic goals Despite accomplishing 55% of its plan for 2022 with pre-tax profit of over VND1.7 trillion, down 13% against 2021, ABBank has confidently set a pre-tax

Image: Is it risky to cut interest rates?

Is it risky to cut interest rates?

Within only two weeks, the State Bank of Vietnam (SBV) has twice cut key interest rates. This move has stirred up concerns among certain observers that the SBV may have made a premature move compared to other central banks’ actions. However, there is a good reason behind the SBV’s move to support