India, China economies to grow

15:35 | 16/06/2016 Cooperation Follow Ven.vn on

While global economic growth is expected to continue at a slow pace, the economies of Southeast Asian countries, China and India still offer some encouraging signs, according to an update of the OECD Economic Outlook for Southeast Asia, China and India 2016.

Workers pack star aniseed at the factory of Lạng Sơn Agriculture Products Processing and Export Company in northern Lạng Sơn Province. Thousands of its products are exported to India, the UK, Malaysia and China yearly – VNA/VNS Photo

The update, which was released by the Organisation for Economic Co‑operation and Development (OECD) yesterday in Hà Nội, suggested that real economic activity in Southeast Asia is projected to grow at an average rate of 4.9 per cent in 2016 and 5.3 per cent in 2017.

India’s economy is expected to grow at 7.4 per cent and China’s growth is projected at 6.5 per cent in 2016.

The report says that recent external shocks that have affected economic activity in the region include the significant drop in commodity prices, China’s economic slowdown and recent financial volatility in emerging markets. Moreover, climate issues caused by El Nino-related weather conditions, such as droughts and floods, are affecting agricultural production in the region.

While growth in other countries like Indonesia, Malaysia, Thailand, and other ASEAN countries are expected to be either high or fairly stable, Viet Nam might experience a slight slow down in its growth outlook, especially when the country is exposed to risks caused by low agricultural commodity prices and drought.

In this context, the establishment of the ASEAN Economic Community in 2015 marks an important milestone that promises significant changes to the landscape of regional integration.

The recently signed Trans-Pacific Partnership (TPP), which includes four ASEAN members and the Regional Comprehensive Economic Partnership, which is still under negotiation and will cover the ASEAN+6 countries, offer opportunities to improve regional trade../.

Source: VNS

ven.vn

See more news

Expanded trade opportunities with US

06:00 | 31/12/2022 Vietnam and other regions

(VEN) - US companies are seeking new suppliers to minimize risks in supply chains, creating more opportunities for Vietnamese businesses in the post-pandemic era. However, the opportunities also face challenges.

Efforts underway to boost trade with UK

06:00 | 29/12/2022 Vietnam and other regions

(VEN) - Both capital and production technology of domestic enterprises remain modest, it is necessary to connect resources in order to help businesses efficiently take advantage of the UK-Vietnam Free Trade Agreement (UKVFTA), said Ngo Chung Khanh, Deputy Director of the Ministry of Industry and Trade’s (MoIT) Multilateral Trade Policy Department in a talk with Vietnam Economic News’ Hoa Quynh.

Potential remains for Vietnam’s exports to EU

10:49 | 28/12/2022 Vietnam and EU

The Ministry of Industry and Trade (MoIT) on December 27 organized a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.

FTAs boost Vietnam-Latin America trade

06:00 | 27/12/2022 Vietnam and other regions

(VEN) - Trade between Vietnam and Latin America has experienced impressive growth thanks to efficient implementation of free trade agreements (FTAs).

Key milestones in Vietnam-Indonesia strategic partnership

13:09 | 24/12/2022 Infographic

Below is key milestones in the Vietnam-Indonesia diplomatic relations.

EVFTA: Opportunities and challenges

06:00 | 19/12/2022 Vietnam and EU

(VEN) - Since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect in August 2020, the economic-trade relations have become a bright spot of bilateral cooperation between Vietnam and the EU with remarkable results.

Saskatchewan enhances cooperation with Vietnam

16:14 | 16/12/2022 Vietnam and other regions

Trade and Export Development Minister Jeremy Harrison led Canada's Saskatchewan’s delegation to Vietnam to discuss trade and economic partnerships.

Key timelines of ASEAN-EU diplomatic ties

13:00 | 14/12/2022 Vietnam and EU

Leaders of the European Union and ASEAN member States will gather in Brussels on Wednesday for a summit commemorating the 45th founding anniversary of the ASEAN-EU relations.

Vietnam, Philippines boost economic cooperation

06:00 | 14/12/2022 Vietnam and other regions

(VEN) - National Assembly (NA) Chairman Vuong Dinh Hue led a high-ranking delegation to visit the Philippines from November 23-25, promoting legal policies for increased economic cooperation between the two countries.

Business awareness of EVFTA advantages grows

06:00 | 05/12/2022 Vietnam and EU

(VEN) - The EU-Vietnam Free Trade Agreement (EVFTA) has significantly contributed to promoting Vietnam’s exports to the international market over the past two years. However, the business community is urged to be more proactive in seeking information about the EU market to maximize the advantages of the agreement.

Latest Most Read

Deputy FM highlights role of economic diplomacy in service of national development

11:05 | 01/02/2023 Policy

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.

73rd anniversary of Việt Nam-Russia diplomatic ties marked

11:00 | 01/02/2023 Vietnam and EU

The Foreign Affairs Committee of St. Petersburg city hosted a conference in both online and offline forms to mark the 73rd anniversary of Vietnam- Russia diplomatic relations in Moscow on January 30.

Mong Cai international border gate busy after Tet holiday

10:52 | 01/02/2023 Foreign trade

Import-export activities at the Mong Cai International Border Gate have turned busy as the border gate reopened on January 28 after 7-day closure for Lunar New Year (Tet) celebration.

State-owned banks under capital increase pressure

10:52 | 01/02/2023 Finance-Banking

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Vietnam plans to attract Chinese tourists

07:00 | 01/02/2023 Tourism

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Hanoi firms slash prices to stimulate demand

06:00 | 18/12/2022 Metropolis

(VEN) - The industry and trade sector of Hanoi is implementing numerous activities to assist businesses in capitalizing on high demand for shopping at the end of the year. These stimulus measures are expected to boost production and business activities while ensuring economic development goals.

Screening proposed for improved foreign investment

06:00 | 21/12/2022 FDI

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.

Mitsubishi Power to upgrade two gas turbines at Tuas Power

09:45 | 20/12/2022 Energy

(VEN) - Introduction of the latest technologies for two M701F gas turbines will help enhance plant’s output and generating efficiency; Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.

Hanoi tourism meets recovery targets

06:00 | 09/01/2023 Metropolis

(VEN) - An estimated 17.02 million tourists visited Hanoi in the first 11 months of 2022, over five times the figure in the corresponding period last year. That includes 1.27 million foreign tourists, meeting the minimum target set for the year.

Multimedia

Video Longform Infographic Photo

Vietnam plans to attract Chinese tourists

07:00 | 01/02/2023 Tourism

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.

Dutch diplomat donates Vietnamese paintings to national museum

06:00 | 01/02/2023 Lifestyle

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.

Key missions, solutions to socio-economic development in 2023

07:00 | 01/02/2023 Infographic

The Government has recently issued Resolution No. 01/NQ-CP on key missions and solutions to developing the socio-economy, improving the business climate, and enhancing national competitive capacity in 2023.

Cuc Phuong National Park among leading national parks in Asia

09:50 | 31/01/2023 Infographic

The Cuc Phuong National Park, a famous tourist destination in the northern province of Ninh Binh, has once again been named "Asia's Leading National Park".

Tet impressive in foreign ambassadors' eyes

14:49 | 30/01/2023 Lifestyle

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.

Policy

Deputy FM highlights role of economic diplomacy in service of national development

11:05 | 01/02/2023 Policy

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Taking advantage of growth opportunities: Party leader

09:18 | 04/01/2023 Policy

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.

Industry & Trade

Vietnam to reduce environmental impact of textile-garment industry by 2030

06:00 | 01/02/2023 Industry

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.

Steel industry to gradually recover in 2023

15:48 | 27/01/2023 Industry

HCM CITY — Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

Quang Ninh ships first tonne of coal on first day of Lunar New Year

18:16 | 23/01/2023 Energy

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.

Investment

January FDI nears US$1.7 billion

14:46 | 31/01/2023 FDI

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Hanoi attracts nearly US$1.7 billion in FDI in 2022

17:43 | 03/01/2023 Metropolis

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.

FDI disbursement exceeds US$20 billion

06:00 | 01/01/2023 FDI

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.

Finance-Banking

State-owned banks under capital increase pressure

10:52 | 01/02/2023 Finance-Banking

Positive prospects for Vietnam’s stock market this year

14:48 | 31/01/2023 Stock Market

2022 was an eventful year for the Vietnamese stock market with many records set.

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Banking sector stable, but challenges abound

06:00 | 16/01/2023 Finance-Banking

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Managed security provides IT talent gap solution for businesses in SEA

16:34 | 30/01/2023 Information technology

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

09:23 | 30/01/2023 Science - Technology

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.

WHO to share mRNA vaccine technology with VietNam

09:14 | 30/01/2023 Science - Technology

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.

Society

PM inspects national key transport projects

09:36 | 31/01/2023 Society

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

A great chance to invest in commercial property

10:46 | 30/01/2023 Property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.

Vietnamese celebrate Tet overseas

09:00 | 26/01/2023 Society

The Vietnamese community in the Republic of Korea (RoK), Belgium, and Germany has been enabled to mark the biggest and long annual traditional event of their homeland – the Lunar New Year festival (Tet) – via associated visits and gatherings over the past few days.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

India, China economies to grow

See also

See more news

Multimedia