A view of Khai Quang Industrial Park in Vinh Yen city of Vinh Phuc province (Photo: VNA)
HCM City (VNA) - Standard Chartered announcedon June 1 its forecast that Vietnam’s GDP growth would be 6.7 percent this yearand 7.3 percent in 2022.
Tim Leelahaphan, the bank’s economist forVietnam and Thailand, held that Vietnam’s economy remains strong and thecountry is proving to be one of the world’s best performing economies amid the COVID-19pandemic.
However, he added, like many other countries,Vietnam is feeling the impact of the domestic COVID-19 situation, which isinevitable.
Vietnam began its COVID-19 vaccination campaignon March 8, with about 1 million people, mostly frontline health workers, receivingjabs so far. Expanding the campaign is a key condition for reopening tourismand promoting sustainable economic recovery, he said.
Other Standard Chartered specialists pointed outthat the country’s trade figures have remained positive since last year.
In particular, mobile phones and accessories haveaccounted for some 16 percent of total overseas shipments and electronicdevices, computers, and spare parts about 15 percent.
Vietnam also posted a trade surplus of 1.3billion USD in the first four months of 2021.
Rapid economic growth may boost inflation, thespecialists noted, adding that rising world food prices are also affectingdomestic inflation.
They forecast inflation in Vietnam at 3.8percent this year./.
German firms have expressed their optimism about Vietnam’s economy in both mid-and long terms in a recent survey released by the Association of German Chambers of Industry and Commerce (DIHK) on May 12.
Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, heard a recent forum in Hanoi.
Vietnam’s GDP growth is expected to rebound to 7 percent in 2021, driven by a recovery in goods and service export, resilient domestic economy, and healthy investment inflows, according to the ASEAN 3 Macroeconomic Research Office (AMRO).
Vietnam continues to be one of the most interesting potential markets in the Asian-Pacific region, together with India, economist Daniel Müller from the German Asia-Pacific Business Association (OAV) has said.
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.
A view of Khai Quang Industrial Park in Vinh Yen city of Vinh Phuc province (Photo: VNA) 
