Vietnam records lowest GDP growth rate in 30 years

Vietnam’s gross domestic product (GDP) increased 1.81 percent during the first six months of 2020, the lowest first-half growth pace since 2011, according to the General Statistics Office (GSO).

Signs of economic growth recovery

One month after the easing of social distancing measures, many economic sectors have prospered, while some others have shortened their steps of decline.

The VND appreciates despite unfavorable conditions

The dollar price has decreased significantly from VND23,500 per dollar to VND23,300, though current factors are not supporting the exchange rate. This could be a great opportunity for Vietnam’s enterprises.

Tax relief stimulus may inflate Vietnam's fiscal deficit in 2020

Fitch Solutions’ deficit forecast is wider than the Ministry of Finance’s 5.0-5.1% deficit estimate.

Vietnam striving to boost export growth over remainder of 2020

Vietnam exported goods with an estimated value of 99.36 billion USD in the first five months of 2020, a year-on-year decline of 1.7 percent. Export turnover of domestic businesses maintained double-digit growth, however, of 10.4 percent, reaching 33.3 billion USD.

Vietnam has ‘golden opportunity’ to reactivate economy

Vietnam now has a “golden opportunity” to reactivate its economy earlier than many other countries, Minister-Chairman of the Government Office Mai Tien Dung said on June 2.
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