Resilient economy meaning

European investors are also examining Vietnam’s garment and textile and high-tech industries. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, said Japan, the Republic of Korea, Chinese Taipei and China previously were leading production powerhouses of garments and textiles. However, they have gradually reduced this type of production, making a shift to other production hubs inevitable. The Covid-19 pandemic is promoting this trend and with the benefits and incentives of some 16 free trade agreements to which Vietnam is a signatory, the country is an attractive destination for foreign investors. … [Read more...] about Bright outlook for Vietnam’s economy despite Covid-19 setback

Retail sales grew at 9.4% year-on-year in December 2020, the highest growth rate since February 2020. Growth was driven by domestic demand, with the retail sales of goods 13.8% higher than that of the same period of 2019. On the other hand, with international travel restrictions, sales of accommodation and catering and traveling services in December 2020 fell 5.4% and 68.2%, respectively. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

“Such efforts, principally from the central government, have translated into an increase of investment expenditures from 4.8 per cent of GDP to 6.5 of GDP between the first nine months of 2019 and 2020, supporting aggregate demand through the multiplier effects on suppliers and jobs over time,” said an updated World Bank report on Vietnam’s economy. “With any stimulus programme, the role of public investment is not just to directly stimulate the economy, but also to crowd in private investment.” … [Read more...] about Reshuffle underway to further stimulate revival of economy

This was a record loss in the history of Vietnam Airlines. The loss is expected to decrease by VND2.8 trillion when the carrier completes the procedures to adjust depreciation, and allocation of expenses on repair and maintenance in accordance with the government’s policy to help it overcome current difficulties. … [Read more...] about Earning VND10 trillion within two months, ‘boss Thuy’ enters top list of billionaires