Resilient economy

A container ship is seen at the Cai Mep International Terminal in the southern province of Ba Ria-Vung Tau. Expanding by 2.9% in 2020, the Vietnamese economy was one of the few economies that grew during the Covid-19 pandemic – PHOTO: ANH QUAN HCMC – Vietnam’s economic recovery accelerated in the last quarter of 2020, making the country one of the fastest growing economies amid the Covid-19 pandemic, according to the World Bank. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

According to the Foreign Investment Agency under the Ministry of Planning and Investment, FDI commitments to Vietnam dropped by 13.7 percent in the first eight months of the year compared to the same period last year due to the impact of the Covid-19 pandemic. However, Vietnam is hopeful that free trade agreements, especially newly implemented EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will provide opportunities for Vietnam to promote economic recovery. … [Read more...] about Bright outlook for Vietnam’s economy despite Covid-19 setback

“Public investment will be focused on key sectors of the economy, key works and projects which have spillover effects and can create socioecomomic development momentum, and create breakthroughs in attracting capital from domestic and foreign private sources under the form of public-private partnership,” the report stated. “All loans must be strictly controlled in order to invest into socioeconomic infrastructure. Inspection in all public investment activities will continue being launched so as to stay corruption and wastefulness.” … [Read more...] about Reshuffle underway to further stimulate revival of economy

The first thing we need to do is define Hồ Chí Minh City’s geological location in the Southeast Region and the key economic region in the country’s southern region. Hồ Chí Minh City will then become a leader in the three perspectives: the region’s financial centre and services, particularly services in the field of industry and logistics. Hồ Chí Minh City will then be a driving force in the perspectives of finance and services and a training centre for human resources and innovation. … [Read more...] about Logistics development in Việt Nam

As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20