South-East Asia’s GDP Growth to Remain at 4.5% in 2020

Economic growth across the South-East Asia (SEA) region is expected to slow from 5.1% in 2018 to 4.5% in 2019 and remain unchanged in 2020, amid high risks of a re-escalation in trade tensions, according to ICAEW’s latest Economic Update: South-East Asia report. As a result, the outlook for exports and private investment will remain challenging and continue to dampen regional GDP growth.

Forthcoming Events

Major Industries Continue to Stage Impressive Growth

10:42:58 AM | 4/12/2019

2019 continued to witness the robust growth of service and industrial businesses, accounting for more than 98% of revenue in 2019. The agricultural sector accounted for a modest share of less than 2%.

Sharing Practices to Prevent Origin Fraud and Circumvention of Trade Remedies

10:41:21 AM | 4/12/2019

In the framework of cooperation with the United States Agency for International Development (USAID), the Ministry of Finance in collaboration with the Ministry of Industry and Trade recently organized the Workshop on International Best Practices to Prevent Origin Fraud, Illegal Transshipment and Circumvention of Trade Remedies in Hanoi.

Vietnam’s Food and Seafood Export to Canada Keeps Growing

11:44:39 AM | 3/12/2019

Vietnam has been a leading trade partner of Canada in ASEAN since 2015. Agricultural and seafood products are important in the two-way trade. In 2018, the country’s food and seafood shipments to Canada valued US$313 million.

EVFTA Makes New Opportunity, Fresh Competitiveness in Europe

2:43:43 PM | 29/11/2019

The signing of the EU - Vietnam Free Trade Agreement (EVFTA) is a huge boost for Vietnam's exports as it helps diversify markets and export items, especially those that Vietnam apparently has many competitive edges. For businesses that have never approached this market, EVFTA is an opportunity for them to reach the EU market, a vast market with highly reliable partners.

Vietnam’s Annual Growth Seen Averaging at 7% during 2021-2025

2:39:46 PM | 26/11/2019

The Vietnamese economy is likely to grow at an annual average pace of 7% during the 2021-2015 period, according to a projection by the National Centre for Socio-economic Information and Forecast (NCIF).

Social Security Database and Civil Management Information Connection System Launched

10:49:44 AM | 22/11/2019

The Ministry of Information and Communications, the Ministry of Justice and Vietnam Social Security recently co-hosted a ceremony to launch the social security database and connect registered information and civil management through the National Government Service Platform (NGSP) in Hanoi with the aim of declaring certificates of birth and issuing health insurance policies for kids under six years old.

Promoting Locally Advantageous Products

11:32:33 AM | 19/11/2019

Mountainous areas where ethnic minorities reside are still the root of poverty in the nation. However, it does not mean that ethnic minorities and mountainous areas are “left behind” when carrying out the OCOP Program. With a lot of efforts, they have made OCOP-certified products ranked 2-4-star, or even 5-star class.

OCOP Ha Tinh Adding Wings to Traditional Products to Fly

11:30:52 AM | 19/11/2019

Ha Tinh province is famous for many traditional handicraft villages with sophisticated and high-quality products such as captivating “cu do” candy made from molasses and peanuts. Ha Tinh people regard the round flat candy as the soul of their homeland.

Promoting Low-carbon Economy in Vietnam

1:55:39 PM | 14/11/2019

The circular economy is a sustainable development megatrend in the world. The shift from the traditional linear economy to the circular economy can help countries cope with the current depletion of resources and environmental pollution.

Specific Mechanisms Needed for New Countryside Construction in Mountainous Areas

10:57:21 AM | 13/11/2019

The National Target Program on New Countryside Construction has helped socioeconomic development of ethnic minority areas and mountainous areas. Typically, improved rural socioeconomic infrastructure has helped raise living and production conditions of rural people, especially those living in ethnic minority areas and mountainous areas.