Minister praises record 2020 trade surplus
06:00 | 12/02/2021 Trade
(VEN) - Foreign trade and international economic integration were the highlights of Vietnam’s 2020 economic performance. Vietnam Economic News’ Phuong Lan discussed this with Minister of Industry and Trade Tran Tuan Anh.
Bright forecast for Vietnam’s economy in 2021
06:00 | 11/02/2021 Economy
(VEN) - Domestic and foreign economic organizations forecast Vietnam’s economy will grow as much as 6.8-7 percent this year, exceeding the six percent target set by the National Assembly and the 6.5 percent target set by the government - if the country takes synchronous measures to make the most of the free trade agreements (FTAs) it has signed.
Foreign trade, a highlight on Vietnam’s 2020 economic picture
06:00 | 10/02/2021 Trade
(VEN) - In 2020, Vietnam exported goods worth an estimated US$281.5 billion and imported goods worth US$262.4 billion, up 6.5 and 3.6 percent from 2019, respectively, posting a trade surplus of US$19.1 billion, the highest level in five consecutive years since 2016, according to the Ministry of Industry and Trade (MoIT).
Credit grew 11 percent in 2020, mostly for priority sectors
06:00 | 09/02/2021 Economy
(VEN) - The State Bank of Vietnam’s (SBV) monetary policy was on the right track in 2020 with the goal of supporting businesses to overcome difficulties, contributing to promoting growth and ensuring sustainable economic development.
Vietnam leads destinations for shifting Japanese investment
06:00 | 08/02/2021 Economy
(VEN) - In order to implement the program supporting the diversification of the Japanese government’s supply chain, dozens of Japanese enterprises have chosen Vietnam as an investment destination for 2021.
Vietnam mulls solutions to boost added value of industrial production
06:00 | 05/02/2021 Economy
(VEN) - Vietnam’s industrial sector has posted high growth rates in recent years, but the created value of this growth remains low. One solution under consideration is attracting investment shifts in manufacturing industries from China and other countries to Vietnam.
La Gan Offshore Wind Farm to create thousands of jobs
16:40 | 04/02/2021 Industry
In Vietnam, offshore wind energy offers more than a clean and secure energy source – offshore wind presents an exciting opportunity for local economic growth and skills development. In other countries, offshore wind has proven to be a source of sustainable job creation, due to its long and sophisticated supply chain. If implemented at scale, offshore wind has the potential to bring huge economic benefits to Vietnam.
Supporting industries welcome new investment wave
06:00 | 04/02/2021 Industry
(VEN) - Vietnam’s supporting industries for machinery manufacturing, electronics and deep processing are forecast to attract growing foreign investment thanks to a strong investment wave.
Leather, footwear business takes steps to recovery
06:00 | 02/02/2021 Economy
(VEN) - With the implementation of new-generation free trade agreements, leather and footwear businesses are optimistic about their recovery in 2021.
Surge expected in renewable energy as economy recovers
06:00 | 31/01/2021 Industry
(VEN) - Electricity consumption is forecast to resume its growth this year as the economy recovers from the Covid-19 pandemic, with solar and wind power setting new capacity records facilitated by attractive investment policies and price incentives. The forecast is in tune with the surge in installed wind and solar capacity over the past five years - from almost zero to 10 percent - driven by the country’s explosive growth.
