Vietnam’s Economy Faces Near Term Uncertainty, Economists Say
The Q3-2021 lockdowns affected about 28.2 million workers, including a loss of 2.5 million in jobs and an increase in the unemployment rate to a record high 3.7 percent.
Vietnam’s Economic Growth Expected to Accelerate to 5.5% in 2022 and Greening its Trade Would Offer New Opportunities: World Bank
Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5% from 2.6% in the year just ended, the World Bank’s economic update for Vietnam Taking Stock says.
Vietnam Likely to Have Current Surplus in 2022, HSBC Says
While favourable base effects partly explained the surprisingly high growth, the level of exports nonetheless returned to the pre-Delta variant level. Among the most affected sectors, textiles have gradually recovered (up 25% y-o-y), but the footwear industry is still impacted (down 14% y-o-y).
Vietnam’s Ability to Weather External Shocks Has Faded in 2021, HSBC Says
Fading protection in 2021. Vietnam’s ability to guard against external risks has been strong over the years, thanks to its shift to a current account surplus, as its trade surplus widened. However, the protection is fading in 2021.
Fitch Affirms Outlook on Standard Chartered Vietnam at Positive
Fitch’s ratings are driven by the institutional support from100% shareholder, Standard Chartered Bank, for Standard Chartered Vietnam given itsimportant role in the group's broader South-East Asia strategy.
Heightened Awareness that Resilient Supply Chain More Than Just Operational and Cost Efficiency
As global supply chains continue to experience disruptions since the outbreak of COVID-19, companies are increasingly looking to adopt a holistic approach to supply chain management.
Vietnam Remains the Sixth Leading Country of Origin for All International Higher Education Students in the United States
Of the 21,631 Vietnamese students enrolled in higher education in the United States, 70.6 percent were undergraduates, 15.6 percent were graduate level students.
HSBC Gives Some Predictions of the Vietnam’s Reopening of Tourism
Despite a small and rather cautious first step, this has key implications for the economy, particularly its reeling labour market and shrinking current account advantage.
Fitch Assigns Phat Dat Real Estate Development First-Time 'B' IDR; Outlook Stable
Fitch Ratings has assigned Vietnam-based Phat Dat Real Estate Development Corp (PDR) a first-time Long-Term Issuer Default Rating (IDR) of 'B'. The Outlook is Stable.
USAID, Partners Launch Project to Protect Key Coastal Habitats in the Mekong Delta of Vietnam
With a planned budget of up to $2.9 million provided by USAID, this three-year project aims to protect key coastal habitats in the Mekong Delta region of Vietnam to increase the sustainability of fisheries, enhance climate change adaptation, and improve biodiversity conservation.
Australia and Vietnam Working Together to Strengthen the Strategic Partnership
As a close friend and partner of Vietnam, Ambassador Mudie reaffirmed Australia’s strong support for Vietnam’s response to COVID-19 and its economic recovery.
Vietnam Receives 1,999,530 Pfizer Vaccine Doses from COVAX Delivered by the United States
This follows four previous COVAX deliveries to Vietnam totaling 7.5 million vaccine doses made available by the United States, bringing the total to 9.5 million COVID-19 vaccine doses so far, and more is planned.