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
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Researchers warn of risks for Vietnam in 2021
The Central Economic Committee, when reviewing economic development in the last five years, said the economy continued growing rapidly, 6 percent per annum. The economy has a scale of $340 billion, which has increased by 1.4 times, ranking fourth in ASEAN. … [Read more...] about Researchers warn of risks for Vietnam in 2021
Foxconn invests in $270 million laptop plant in Bắc Giang
Addressing the ceremony, chairman of the provincial People’s Committee Lê Ánh Dương pledged to provide investors with the best technical infrastructure and services while facilitating administrative procedures for those investing in the locality. … [Read more...] about Foxconn invests in $270 million laptop plant in Bắc Giang
Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey
About NTUC LearningHubNTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working employers and individual learners to provide learning solutions in areas such as Cloud, Infocomm Technology, Healthcare, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources and Foreign Worker Training. … [Read more...] about Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey
Vietnam becomes 6th largest trading partner for China
Vietnam was China's eighth largest trading partner in 2019 before its rise to sixth in 2020. It is China's eighth largest supplier of goods and fifth largest export market. … [Read more...] about Vietnam becomes 6th largest trading partner for China
