Gdp

The production sector is expected to obtain 1.5 percent growth rate in 2020 and contribute to the general growth rate decreasing by 1.8 percentage point. Meanwhile, the contribution to GDP by the service sector is predicted to decrease from 2.8 percentage points in 2019 to 0.5 percentage point. … [Read more...] about Covid-19 holding Vietnam’s economic growth back

The National Assembly approved the new securities law last November, which will come into effect on January 1, 2021. The government recently announced a draft decree which provides details on a number of articles needed to implement the new law. The goal is to reduce the number of conditions for business and investments, simplify procedures and enhance the transparency of the market to international standards among other factors, as per the State Securities Commission. … [Read more...] about Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC

There are possibilities that Vietnam will record negative growth this year as the rising number of community transmission cases undermines growth "motivation", Nguyen Duc Thanh, former head of the Vietnam Institute for Economic and Policy Research (VEPR) said. … [Read more...] about Vietnam warned negative growth a possibility amidst Covid-19 comeback

Nicolas Audier, chairman of EuroCham, said in a press release issued Monday: "The EVFTA is now more important than ever, as trade wars and a global pandemic disrupt normal business operations on an unprecedented scale. Free, fair and rules-based trade is the best roadmap to economic growth, and Vietnam will now have privileged access to an EU consumer market of around 500 million people who will be keen to do business with and invest in a strong, secure, and prosperous nation at the heart of Asia." … [Read more...] about Vietnam ratifies EU free trade agreement

Despite heavy impact of the COVID-19 pandemic on the domestic and global economies, Vinamilk has still taken proactive actions to seek opportunities in potential markets, it noted, adding that the export of dairy products to China, the Republic of Korea and some other markets contributed 1.37 trillion VND to the net revenue in Q2, up 26.8 percent quarter on quarter and 7.1 percent year on year. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3