Vladimir Putin Secures Landslide Victory in Russian Presidential Election
Russian President Vladimir Putin has won a resounding victory in the country's crucial presidential election according to preliminary results, demonstrating the fervent backing of the Russian people. With over 80% of votes counted as of early morning on March 18th, Putin leads with an overwhelming
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
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.
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.
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.
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%,
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
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
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
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
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
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