#economy

Quang Ninh's GRDP grew 15.04% in the third quarter, also leading the country.

Prime Minister Le Minh Hung asked the two countries' inspection agencies to build on their achievements by regularly exchanging information and experience, maintaining delegation exchanges, and coordinating inspections in areas related to bilateral economic, trade and investment cooperation.

Vietnam has entered the world's top 30 most competitive economies for the first time, ranking 27th out of 70 economies in the 2026 World Competitiveness Ranking published by the International Institute for Management Development (IMD).

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

HSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%.

Employers’ optimism is up following the stronger growth of 14.2% in the Malaysian economy in the third quarter of 2022and next year’s hiring activities would be higher, according to online employment platform JobStreet Malaysia.

The nation recorded the highest level of disbursed foreign direct investment (FDI) over the past eight months compared to the same period over the last five years, as well as seeing a growing number of newly-established enterprises and those returning to operation.

 It is essential to improve the capacity for analysis and forecasting in a bid to control inflation, ensure macro-economic stabilization and major balances of the economy as a mean of boosting economic recovery and sustainable development.

News website 1news.co.nz recently cited a report by the New Zealand Ministry of Foreign Affairs and Trade which outlined the Vietnamese market as emerging as one 

Despite the COVID-19 pandemic negatively impacting the economy, trade between Vietnam and Brazil has continued to grow, creating plenty of opportunities for businesses to increase trade turnover in the future, according to insiders.

Despite numerous enduring difficulties caused by the prolonged COVID-19 outbreak, Vietnam has managed to secure a GDP growth rate of 2.58% this year, beating off recent projections by the World Bank and the Asian Development Bank.

The Vietnamese economy could lose more than VND500 trillion in output over the past two years due to the impact of the COVID-19 pandemic, said Nguyen Thanh Phong, deputy head of the Party Central Committee’s Economic Commission.

Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5% to 7% from 2022 onward, the World Bank has forecast.

Hanoi’s Association of Photographic Artists have announced 16 winners of a photo contest on the capital, with the winning entries featuring impressive images of local people fighting against the COVID-19 pandemic and developing the economy.

Steel prices have hit a new high after a series of rapid increases from May through June 2021 when they increased by more than 50 percent compared to the beginning of the year.

Amid increasingly complicated developments relating to the COVID-19 pandemic, Vietnam's import and export activities during the past four months of the year maintained their growth momentum and recorded the highest growth rate seen over the past decade, according to insiders.

Six of Southeast Asia’s leading economies are expected to face diverging fiscal paths ahead in 2021, with Vietnam, alongside Indonesia and Malaysia, returning to pre-pandemic levels, according to data released by the International Monetary Fund (IMF).

President Donald Trump and Democratic rival Joe Biden battled fiercely over Trump’s record on the coronavirus pandemic, healthcare and the economy in a chaotic and bad-tempered first debate marked by personal insults and Trump’s repeated interruptions.