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Goods loaded at Cát Lái Port in HCM City. The Standard Chartered maintains its 7.3 per cent growth forecast for Việt Nam in 2022, continuing to expect a post-COVID-19 economic acceleration. — VNA/VNS Photo Thanh Vũ HÀ NỘI — Standard Chartered has lowered its growth forecast for Việt Nam for 2021 from 6.7 per cent to 6.5 per cent. The bank maintains its 7.3 per cent growth forecast for 2022, and continues to expect a post-COVID-19 economic acceleration. “We believe Việt Nam is moving towards its goal of becoming a regional supply-chain hub, a modern industrial economy and a high-income country in the future,” said Tim Leelahaphan, Economist for Thailand and Việt Nam, Standard Chartered. “Việt Nam managed the COVID-19 situation well in 2020, further enhancing its appeal to foreign investors. The country had already benefited from the ongoing supply-chain shift in recent years. In the near term, the country’s pandemic management will be crucial to the outlook,” he went on. …

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Animal feed exports see surge in H1 Luc Ngan lychee of Bac Giang province is protected geographical indication in Japan. Vietnamese firms are urged to pay more attention to register for intellectual property protection in foreign markets. (Photo baochinhphu.vn) Vietnam’s animal feed exports hit nearly 523.88 million USD in the first six months of 2021, up 52.7 percent year-on-year, according to the General Department of Customs. China remains the biggest importer of Vietnam’s animal feed, with turnover reaching 188.3 million USD in the reviewed period. In June alone, China spent 36.62 million USD on importing animal feed from Vietnam, up 47.3 percent from the same period last year. Vietnamese exports of animal feed to Cambodia in January-June rose 41.7 percent to 74.81 million USD, maintaining Vietnam’s second largest importer. Meanwhile, the US surpassed India to become Vietnam’s third biggest importer of livestock feed with turnover hitting 56.42 million …

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Agriculture sector remains fairly resilient to COVID-19 While the COVID-19 pandemic has devastated the tourism industry and hit industrial production hard, agriculture and community-based agro-forest production have proven resilient in the tourism-intensive central region. Despite an average reduction at 30 per cent of revenue, farmers in suburban Đà Nẵng, Quảng Nam and Quảng Ngãi have maintained stable incomes compared to other sectors thanks to food chain distribution channels. Traditional fishing and self-sufficient farm production have helped residents in the Chàm Islands off the coast of Hội An, the Lý Sơn Islands off Quảng Ngãi Province and gardeners in rural areas of Cẩm Thanh Commune in Hội An and Hòa Ninh and Túy Loan villages in Đà Nẵng keep going throughout the pandemic. Restaurants, cafes and souvenir shops in Hội An – the most popular tourist destination in central Việt Nam – have closed, but farmers in organic gardens in Cẩm Thanh are still supplying people in …

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Goods loaded at Cat Lai Port in HCM City. The Standard Chartered maintains its 7.3 percent growth forecast for Vietnam in 2022, continuing to expect a post-COVID-19 economic acceleration. (Photo: VNA) Hanoi (VNS/VNA) - Standard Chartered has lowered its growth forecast for Vietnam for 2021 from 6.7 percent to 6.5 percent. The bank maintains its 7.3 percent growth forecast for 2022, and continues to expect a post-COVID-19 economic acceleration . “We believe Vietnam is moving towards its goal of becoming a regional supply-chain hub, a modern industrial economy and a high-income country in the future,” said Tim Leelahaphan, Economist for Thailand and Vietnam, Standard Chartered. “Vietnam managed the COVID-19 situation well in 2020, further enhancing its appeal to foreign investors. The country had already benefited from the ongoing supply-chain shift in recent years. In the near term, the country’s pandemic management will be crucial to the outlook,” he went on. …

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Goods loaded at Cat Lai Port in HCM City. The Standard Chartered maintains its 7.3 per cent growth forecast for Viet Nam in 2022, continuing to expect a post-COVID-19 economic acceleration. — VNA/VNS Photo Thanh Vu Standard Chartered has lowered its growth forecast for Viet Nam for 2021 from 6.7 per cent to 6.5 per cent. The bank maintains its 7.3 per cent growth forecast for 2022, and continues to expect a post-COVID-19 economic acceleration. “We believe Viet Nam is moving towards its goal of becoming a regional supply-chain hub, a modern industrial economy and a high-income country in the future,” said Tim Leelahaphan, Economist for Thailand and Viet Nam, Standard Chartered. “Viet Nam managed the COVID-19 situation well in 2020, further enhancing its appeal to foreign investors. The country had already benefited from the ongoing supply-chain shift in recent years. In the near term, the country’s pandemic management will be crucial to the outlook,” he went on. Standard …

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