Vietnam gdp

In an interview granted to Vietnam News Agency correspondents in Hong Kong, Mr To cited a forecast from the International Monetary Fund that Vietnam’s GDP growth is likely to come in at 7-7.5% this year, leading the five emerging economies in ASEAN, which include Indonesia, Malaysia, the Philippines, Thailand, and Vietnam . With its young population, rapid urbanisation, and abundant workforce, Vietnam is an attractive consumer market. It is also one of the fastest growing e-commerce markets in Southeast Asia. According to Bain & Company, Vietnam’s e-commerce sector has increased significantly in recent years, from 8 billion USD in 2020 to 13 billion USD in 2021 and is expected to hit 39 billion USD by 2025. The ASEAN-Hong Kong Free Trade Agreement, which officially took effect in June 2019, has played a huge role in promoting trade relations between Vietnam and Hong Kong. Localities in Vietnam and Hong Kong have witnessed close economic and trade cooperation over … [Read more...] about Plenty of space for growth in Vietnam’s consumer market

Vietnam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfill its energy transition target towards green growth, heard a conference held by the Global Wind Energy Council (GWEC) in Hanoi on December 1. Vietnam Wind Power (VWP) is an official industry event organised by the GWEC since 2018. It provides a platform for the Government and the industry to discuss pressing issues around the development of wind energy in Vietnam. Pham Nguyen Hung, Deputy Director of the General Electricity and Renewable Energy Authority at the Ministry of Industry and Trade, said the Vietnamese Government has adopted various policies and mechanisms to facilitate renewable energy development. As of the end of 2021, Vietnam’s total installed capacity of renewables reached 20.7 GW, accounting for over 27% of the accumulative installed capacity of the electricity system, making Vietnam a leading country in this regard. The … [Read more...] about Vietnam has opportunity for energy transition towards green growth

Temperatures will continue falling throughout the day as long as the front lingers, the add. According to the National Center for Hydro-Meteorological Forecasting, 16 northern Vietnam localities recorded temperatures below 15 degrees Thursday morning. At the northern border, Lang Son was the first locality to feel the impacts of the cold front, with temperatures dropping to 11-12 degrees in certain locations, and high-altitude ones like the peaks of Mau Son recording temperatures of 4.5 degrees. Other areas experiencing low temperatures include Trung Khanh in Cao Bang Province at 8 degrees, Dong Van in Ha Giang and Tam Dao in Vinh Phuc at 10 degrees. Five weather stations in Hanoi recorded temperatures of 15-16 degrees. As the cold front continues to impact the region, temperatures are set to fall further, with mountainous areas recording temperatures of below 3 degrees in certain locations, with chances of frost. U.S. weather forecast service AccuWeather estimates Hanoi’s … [Read more...] about Mercury dips to 4.5 degrees Celsius in northern Vietnam

Hoang announced his decision right after Vietnam's 2-1 win against Dortmund, which was considered a tribute match for him after he expressed his feeling that he was no longer fit enough to play for the national team. "The fans often said that I'm tireless and have no lungs. But the truth is I have lungs and every journey has an end. I want to conclude my wonderful journey that is filled with the most beautiful memories," Hoang wrote in a farewell letter. Nguyen Trong Hoang makes a pass in the friendly match between Vietnam and Borussia Dortmund in Hanoi on November 30, 2022. Photo by VnExpress/Hieu Luong Hoang had stopped playing in September last year to treat a herniated disc. After over a year, he returned to the field on October 18 this year and played a few V. League matches before receiving a call up to the national team. Hoang played his first game for the national team in September 2009. In 14 years, he made 73 appearances, only behind Le Cong Vinh with 83 … [Read more...] about Veteran Vietnam midfielder retires from national team after 14 years

This year Vietnam has exposed and corrected violations in these markets to "protect the rights of citizens and businesses," he said at a government meeting Thursday morning. Arrests of real estate and property company leaders allegedly involved in bond fraud have disrupted the bond market in recent months, with many companies buying back their issued bonds in fear of legal entanglement. Businesses have been complaining that they lack access to the credit needed for expansions because bond issuance is no longer a viable fundraising option. Depositors have been withdrawing their money from banks to protect their assets, which makes it difficult for companies to acquire loans. But PM Chinh said that the current crackdown would change these "short-term" problems. He added that three state task forces were now tackling capital issues in the property and bond markets. Minister of Finance Ho Duc Phoc, charged with solving the bond market problem, said earlier that bond issuers … [Read more...] about Vietnam needs to ‘protect’ citizens with market ‘rectifications:’ PM

At the event (Photo: VNA) Hanoi (VNA) – The Vietnam Coast Guard (VCG) will hold a friendship exchange in Hanoi from December 8-11 with the participation of 500. Introducing the programme at a December 1 press conference, Major General Tran Van Xuan, Deputy Political Commissar of the force, said the event aims to enhance mutual understanding, build on trust, and create high consensus in cooperation between the VCG and other law enforcement forces at sea of countries in the region, especially neighbouring countries and those with bordering seas. Participating foreign forces consist of those from the Cambodia, China, Indonesia, Malaysia, the Philippines, and Thailand. The exchange is set to feature courtesy calls, bilateral meetings, a conference, a defence exhibition, and a trip to Hanoi’s historical and cultural destinations. Illustrative photo (Source: qdnd.vn) The VCG has so far signed cooperation pacts with equivalent law enforcement agencies of nine … [Read more...] about 500 to join Vietnam Coast Guard’s friendship exchange