Vietnam’s drivers of growth are relatively clear and strongly leading. Digital transformation is particularly seen as an opportunity to improve labor productivity and expand service and product distribution networks...
Vietnam’s economic growth is expected to rebound to 6.7% this year, despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7% in 2022, said Andrew Jeffries, ADB Country Director for Vietnam, at an event releasing the latest Asian Development Outlook (ADO 2021) in Hanoi.
Vietnam is striving to have 70 - 90% of waste sources in key industrial sectors analyzed by 2025.
In April 2021, Vietnam witnessed an increase of roughly 24.1% year on year in industrial production; new corporate establishments and State funds disbursement hit multi-year highs; import and export value expanded at a 10 year high; and business confidence picked up, according to the latest data released by the General Statistics Office (GSO).
Fostering economic recovery and conducting institutional reform amid the complicated development of Covid-19 pandemic will help Vietnam's economy recover faster and more sustainably.
As a result of the pandemic, enthusiasm for a broader range of payment technologies has accelerated in the Asia Pacific region as 94% of people say they will consider using at least one emerging payment method, such as QR codes, digital or mobile wallets, instalment plans, cryptocurrencies, biometrics and others, in the coming year.
Vietnam’s exports are expected to perform strongly in 2021, though they face the risks of slackening international demand, said World Bank Vietnam in its recent report on Vietnam’s economy.
Visa, the world’s leader in digital payments, has released its Consumer Payment Attitudes study, the latest report on consumer payment trends in Vietnam that sheds light on how behavior has changed during the COVID-19 pandemic towards a cashless economy.
Fitch Ratings has recently revised Viet Nam’s Outlook to Positive, from Stable, at ‘BB’ thanks to strong export growth and a successful campaign to contain the spread of COVID-19.
The Government has issued Decree No. 52/2021/ND-CP proving extension of time limits for payment of value-added tax, corporate income tax, personal income tax, and land rent fees to support businesses and people suffering from the COVID-19 pandemic.
On April 5, after taking the oath of office, newly-elected Prime Minister Pham Minh Chinh delivered a speech to the National Assembly of Vietnam and the people nationwide.
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