Economic issues in vietnam

These achievements have been recognised and appreciated by the international community. According to the United Nations Development Program (UNDP), Viet Nam has created a "legendary story" in poverty reduction with its human development index (HDI) of 0.63 in 2019, ranked 118 out of 189 countries and in the group of countries with the highest HDI growth rate in the world. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period

From 1993-2017, the mortality rate among newborns in Vietnam fell from 32.6 to 16.7 per 1,000 live births. Meanwhile, from 1990-2016, average life expectancy rose from 70.5 to 76.3 - the highest in the region. Over the last 35 years, the health of the Vietnamese people has improved significantly. … [Read more...] about Russia’s news agency highlights Vietnam’s 35 years of renovation

“The economy emerged from the worst of the Covid-19 downturn in the third quarter of 2020, and we think the recovery will remain intact. Vietnam has been one of the best-performing economies globally for the past decade and we expect this to continue,” said Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%

Son recalled that following the signing of the BTA, there was a major change in Vietnam’s exports to the US. Aside from garment-textile and footwear, which already affirmed their position in the market, agro-forestry-fishery products, and most recently electronic components and wooden products, made them onto the list of key export items. … [Read more...] about Vietnam-US friendship thrives after a quarter of a century

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further