Vietnam has strong and bettering economic fundamentals: journal
Financial website thearmchairtrader.com has run a story which commented that the economic fundamentals underpinning Vietnam were strong and just going to get better.
The economic fundamentals underpinning Vietnam were strong and just going to get better. (Photo: baodautu.vn)
Hanoi (VNA) – Financial website thearmchairtrader.comhas run a story which commented that the economic fundamentals underpinningVietnam were strong and just going to get better.
According to the article, Vietnam is one of the SoutheastAsian nations with a good grip on the pandemic and also stands to benefitfrom the transition of the value chains in the region.
It cited the view of Vietnam Holding, a London-listedinvestment company which invests in high growth companies based in Vietnam, which considers Vietnam one of the best emerging markets in theworld. The country’s stock market has been one of the best performing in Asia, upover 23 percent this year.
The fund’s manager, Dynam Capital Management, was quoted as saying that despite many bigger foreigninvestors getting out of Vietnamese stocks in 2020-21, retail investorparticipation has supported prices considerably. Vietnam now has over 4 million tradingaccounts, which equates to around 3 percent of the population of the country.
Dynam Capital expressed optimism about Vietnam’s financial services, holding thatthe country remains a fast-evolving Asian economy and has not been saddled withthe same pandemic issues. GDP growth looks solid and the population is big,giving it the sort of people power that will allow it to compete effectively inmanufacturing and heavy industry, it stated./.
The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter thanks to the activeness of the business community and the Government’s efforts to remove obstacles facing enterprises, held economist Nguyen Bich Lam who is former Director General of the General Statistics Office.
Pandemic prevention and control policies must be unified nationwide, Prime Minister Pham Minh Chinh told an online conference with the Steering Committees for COVID-19 Prevention and Control of 63 provinces and cities on October 17.
Investment during the pandemic has proved challenging for investors across the globe. However, hopes for this top-performing Asian economy are growing as the Vietnam market has outperformed other international peers thanks to its GDP growth amid COVID-19 last year, according to the Bangkok Post.
While Vietnam is not out of the woods yet, it has enough pull factors to encourage investors to continue their business operations and even move their manufacturing operations to the country, according to Vietnam Briefing.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The economic fundamentals underpinning Vietnam were strong and just going to get better. (Photo: baodautu.vn) 
