HSBC pegs Vietnam’s economic expansion at 6.5% this year, higher than its earlier forecast, thanks to strong recovery in manufacturing, exports and tourism. Vietnam’s GDP growth jumped to almost a two-year-high of 6.9% in the second quarter, solidly beating HSBC and market expectations of 6.0%. This means that Vietnam, at 6.5% growth, is likely to […]

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The U.S. dollar gained slightly against the Vietnamese dong Thursday morning.   A person counts U.S. dollars at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung Vietcombank sold the greenback at VND25,478, 0.004% higher from Wednesday.   The State Bank of Vietnam also raised its rate by 0.004% to VND24,265. Unofficial exchange […]

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International delegations consisting of national and organization leaders came and paid tribute to late Party General Secretary Nguyen Phu Trong in Hanoi and HCMC on Thursday. A delegation of high-ranking Lao leaders, led by Lao Party General Secretary Thongloun Sisoulith, attends the mourning and funeral ceremonies of Party leader Nguyen Phu Trong in Hanoi. Laos […]

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Vietnam’s fisheries exports in the first half of 2024 were worth US$4.4 billion, up 6% year-on-year on higher demand in major markets like the U.S., China and the EU.   Fishermen in central city of Da Nang transport tuna fish. Photo by VnExpress/Nguyen Dong  Key items such as shrimp, pangasius and tuna did well, the […]

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The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023.   A man works in a tunnel shell factory in northern Vietnam. Photo by VnExpress/Pham Chieu  GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects […]

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Ho Chi Minh City received US$5.178 billion in remittances from abroad during the first half of 2024, up 19.5 percent year on year and equal to 54.7 percent of the figure for the entirety of 2023.   Remittances to Ho Chi Minh City in the January-June period of 2024 rose over 19 percent year on […]

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The Business Confidence Index (BCI) of European businesses in Vietnam declined slightly in the second quarter of 2024, but 70 percent of them expressed optimism about the Southeast Asian country’s economic growth in the next five years, according to a report from the European Chamber of Commerce in Vietnam (EuroCham).    This illustration shows representatives […]

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Digital economy accounting for 18.3% of GDP. in the period.   Vietnam’s information and communications sector earned revenue of more than VND2 quadrillion ($78.5 billion) in the first six months of the year, soaring 24.5% compared to the same period of 2023, figures from the Ministry of Information and Communications (MIC) show. The sector contributed […]

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Economic diplomacy yeilding positive outcomes with the signing of many cooperative agreements with internnational partners.   Prime Minister Pham Minh Chinh chairing the teleconference with heads of Vietnamese representative agencies abroad in Hanoi on July 18. Photo: VGP Prime Minister Pham Minh Chinh has requested Vietnamese representative agencies abroad to continue taking measures to promote […]

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The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia slightly up thanks to stronger domestic demand and export growth.   Customers shop at a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung  In the latest edition of Asian Development Outlook, which was released on July 17, the financial […]

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