Mastercard Economics Institute: New Small Business Formation in APAC Grew 35% Year-Over-Year

To shed light on the impact the global health crisis – and ongoing recovery – has had on small businesses globally, Mastercard released its latest report: Recovery Insights: Small Business Reset.

Forthcoming Events

Vietnam Economy Still Faces High Risks

9:19:50 AM | 10/6/2021

Despite its good resilience, Vietnam's economy has been facing a serious pandemic outbreak since April 2021. Restriction measures, aimed to contain the pandemic, have negatively affected economic recovery that was strong in the first half of 2021.

Important Foundation for Economic Recovery and Development

8:38:48 AM | 10/5/2021

The fourth outbreak of the COVID-19 pandemic has seriously affected the socio-economic situation of the country. However, since the end of the third quarter of 2021, efforts to control the disease nationwide have shown positive results while forecasting agencies at home and abroad are optimistic about Vietnam's growth prospects in the medium and long term.

Two Scenarios Mapped Out for Economic Growth

9:43:36 AM | 10/4/2021

The Ministry of Planning and Investment has sketched out two scenarios for economic growth, Deputy Minister Tran Quoc Phuong told the press conference following the Government’s regular meeting in Hanoi on October 2.

WB: Vietnam’s economy could converge toward pre-pandemic rate from 2022 onward

9:28:44 AM | 9/30/2021

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.

Economy Expands 1.42% in Jan-Sept Period

9:27:49 AM | 9/30/2021

Viet Nam’s economy dipped by 6.17 percent in the third quarter this year, the lowest figure since the country first reported on quarterly GDP growth.

Covid-19 Immunity - Key to South-East Asia’s Economic Recovery from Delta Variant

8:45:01 AM | 9/25/2021

The spread of the highly contagious Delta variant of COVID-19 has cast a shadow on South-East Asia (SEA) and limited economic recovery for the region this year, especially for countries with low levels of Covid-19 immunity. The economies of several countries are expected to have contracted in the third quarter of this year, but the outlook for the region in 2022 is more positive, according to the latest Global Economic Forecast Report from ICAEW and Oxford Economics.

Economic Reopening Needs Concerted Coordination

10:09:14 AM | 9/17/2021

Anticipating that it is very difficult to completely control the Covid-19 epidemic in the short term, Vietnam should carefully consider and prepare for reopening the economy and live with the epidemic in the coming time.

Digital Economy: Vietnam’s Path to Future

10:17:55 AM | 9/9/2021

The COVID-19 crisis has accelerated the digital transformation of the Vietnamese economy as more businesses in Vietnam are providing online services. The government is also stepping up the digitization of procedures and databases.

COVID-19 Adverse Impact to Slow Vietnam’s Growth

9:21:18 AM | 9/8/2021

Vietnam’s GDP is expected to expand by about 4.8% in 2021 despite its robust economic performance in the first half of this year. This forecast, two percentage points lower than the projection in December 2020, accounts for the negative impacts of the ongoing COVID-19 wave.

Key to Unlock New Opportunities for Vietnam's Economic Development

9:06:10 AM | 8/27/2021

According to the World Bank (WB), Vietnam's 35-year development is admirable. In 2002-2018, Vietnam's per capita GDP increased by 2.7 times, reaching over US$2,700 in 2019. Besides, more than 45 million Vietnamese people escaped poverty, with the poverty rate sliding sharply from more than 70% to less than 6%.