Gdp

By Donald Lambert-Principal private sector development specialist Asian Development Bank Policymakers, however, must consider if the economy needs further stimulus. Based on conventional measures, probably not. The economy is expected to bounce back strongly in 2021 with the Asian Development Bank (ADB) forecasting an expansion of 6.1 per cent, which is broadly comparable to Vietnam’s recent growth rates. With the General Statistics Office reporting unemployment at 2.5 per cent as of September 2020, the labour market seems strong. … [Read more...] about Is Vietnam’s economy recovering from COVID-19? Ask female entrepreneurs

According to CIEM, Vietnam’s macroeconomic performance in 2021 will be influenced by the world economy, which is still uncertain. The US is expected to continue to apply measures to restrain China’s economy, trade and technology, and may team up with some partner countries to implement measures. … [Read more...] about Researchers warn of risks for Vietnam in 2021

“Amid unfavourable market conditions for new share issuance, listed companies have been issuing bonds as an alternative to capital mobilisation from stock markets, with new bond issuances soaring nearly 70 per cent on-year,” said Tran Nguyen, analyst at Mirae Asset Securities. “Rising financing demand after the lockdown period was in line with our expectation. We expect a revival of new issuances by corporates in the rest of the year to finance business recovery, fuelled by tightening banking credit standards for new loans.” … [Read more...] about Clearing path for safer corporate bond market

Pretoria (VNA) – The success of ASEAN has brought about valuable experience lessons for the promotion of integration in South Asia, Vietnamese Ambassador to South Africa Hoang Van Loi told a webinar held by The Diplomatic Society newspaper on January 18. Addressing the discussion themed “Partners in Economic Integration and the Asia-Pacific Interdependence,” Loi said that ASEAN has made contributions to leading Southeast Asia to progress and prosperity and creating relations for peace and cooperation with partners in the region and the world. The bloc has become an important element which plays a central role in cooperation mechanisms and regional structure in the Asia-Pacific region. The role, position and prestige of the bloc have been increased in the eyes of international friends and partners. ASEAN is currently one of the most dynamic economies in the world, with an annual average growth rate of 5.2 percent during 2016-2020. Loi cited analysts’ … [Read more...] about ASEAN brings about valuable experience for South Asia’s integration process

“The locals are trying to stay afloat. Many of them have no money to repair their houses and are waiting for state support,” Ngo Van Vuong, chairman of Binh Thuan commune, told VIR. “If they were offered insurance packages, their lives would be less difficult. We used to work with some insurance firms on this, but none of them were ready to cooperate because they were afraid of the risks that may come from this type of insurance.” … [Read more...] about Insurance gap adding risk to families