With an emerging market economy and continued strong growth, Vietnam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated concentration
The implementation of the Government’s Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working session on the impacts of the document held on June 12 under the chair of Deputy Prime Minister Vu Duc Dam. Deputy Minister of Planning and Investment Vo Thanh Thong said the ministry
Việt Nam would have to push ahead with bold reforms in institutions, human resources, infrastructure and innovation for better quality growth in the next ten years, experts have said. The Government is shaping a socio-economic development strategy for 2021-30 and a development plan for 2021-25. The next ten-year plan will focus on quality growth, targeting fast but green
The Ministry of Industry and Trade (MoIT)’s key task is to evaluate the building and adjustment of policies to support the development of the digital economy, according to Deputy Minister Cao Quoc Hung. Along with e-commerce, Hung said that the digital economy is both a challenge and opportunity for Vietnam to resolve major issues in economic development, including
Agricultural start-ups should capitalise on the huge demand for safe agricultural products by developing long-term, sustainable production strategies, experts said at a seminar in Ho Chi Minh City on June 6. Prof. Phan Van Truong, head of the Vietnamese Agricultural Start-up Club, said that although Vietnam’s agricultural sector was growing fast, farmers remained concerned about sales and revenues. The country has
Vietnam’s fine art and handicraft exports experienced a significant increase of 50 percent to reach 45 million USD in May, according to statistics from the General Department of Customs. The latest addition has brought the export turnover of these products to 190 million USD in the first five months of 2019, up 43 percent year-on-year, the
Vietnam’s index of industrial production index (IIP) in May expanded 4.6 percent against the previous month and 10 percent year-on-year, the General Statistics Office said on May 29. In the first five months of this year, the index rose 9.4 percent year-on-year, lower than the growth of 10.3 percent recorded in the same period last
Nearly 90 percent of enterprises operating in processing and manufacturing predict that their production and business would be better or remain stable in the second quarter of 2019, according to the General Statistics Office (GSO). Almost 54.6 percent of them forecast a better working quarter, and 34.8 percent forecast their operations will be stable. Meanwhile,
Vietnam is the biggest beneficiary in the shift of the investment flow from China amidst the Sino-American trade war, according to Maybank Kim Eng senior economist Chua Hak Bin. The expert told Vietnam Economic Times that most multi-national companies will continue restructuring their supply chains to reduce dependence on China, and ASEAN countries will benefit
It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hanoi on May 15. Senior economist from the Bank for Investment and Development of Vietnam Can Van Luc spoke at the conference about economic stability and business competitiveness held by the Institute for
