How fed rates affect economy

Nguyen Tri Hieu, an economist - PHOTO: NGOC TRAN By the end of last week (January 15, 2021), the stock market in Vietnam was still in growth territory with the benchmark VN-Index ending at 1,194.2 points and the HNX-Index at 225.27. The Saigon Times spoke with economist Nguyen Tri Hieu to get his insight into what is in store for the stock exchanges in Vietnam. Excerpts: … [Read more...] about Economist: VN-Index does not reflect the economy

Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

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

“The implementation of the project on improving access to innovative therapies for high-risk breast cancer patients in the 2020-25 period” will contribute to the overall goal of the National Strategy on prevention and control of non-communicable diseases, including cancer. As this project is implemented nationwide with cooperation between all levels of health departments and agencies, it is expected to bring positive and sustainable changes, leading to the improvement of Việt Nam's capability to respond to cancer," said Huấn. … [Read more...] about Health ministry, VMA sign partnership agreement on breast cancer treatment in VN

However, with efforts to control the pandemic throughout the year, the retail market in Viet Nam regained its momentum, through the openings of two retail projects in Q4, namely the International Centre (renovated) and Vincom Mega Mall Ocean Park, adding 41,000 sq.m to Ha Noi’s retail supply. … [Read more...] about New supply of condominiums down sharply in Ha Noi: CBRE Vietnam