Green and sustainable growth is an inevitable economic trend that localities need to follow. To restrict investment projects that can threaten the environment at the start, the Vietnam Chamber of Commerce and Industry (VCCI) has recently announced the Provincial Green Index (PGI) and considered it
HCMC – Prime Minister Pham Minh Chinh wants the Red River Delta region, which includes 11 cities and provinces in Northern Vietnam, to further promote its role as the country’s major driver of economic growth, heard a conference held in Quang Ninh Province’s Halong City on February 12. The Red
HCMC – HCMC and five provinces of the Central Highlands region have cut a deal to boost sustainable socio-economic development until 2025. The deal is aimed at unlocking the potential of these localities to create value, contributing to the region’s socio-economic development and forming a link
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 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.
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).
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’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.
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.
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.
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 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.