Vietnam’s fine art and handicraft exports experienced a significant increase of 50 percent to reach 45 million USD in May, according to statistics from the General Department of Customs. The latest addition has brought the export turnover of these products to 190 million USD in the first five months of 2019, up 43 percent year-on-year, the
Vietnam’s index of industrial production index (IIP) in May expanded 4.6 percent against the previous month and 10 percent year-on-year, the General Statistics Office said on May 29. In the first five months of this year, the index rose 9.4 percent year-on-year, lower than the growth of 10.3 percent recorded in the same period last
Nearly 90 percent of enterprises operating in processing and manufacturing predict that their production and business would be better or remain stable in the second quarter of 2019, according to the General Statistics Office (GSO). Almost 54.6 percent of them forecast a better working quarter, and 34.8 percent forecast their operations will be stable. Meanwhile,
Vietnam is the biggest beneficiary in the shift of the investment flow from China amidst the Sino-American trade war, according to Maybank Kim Eng senior economist Chua Hak Bin. The expert told Vietnam Economic Times that most multi-national companies will continue restructuring their supply chains to reduce dependence on China, and ASEAN countries will benefit
It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hanoi on May 15. Senior economist from the Bank for Investment and Development of Vietnam Can Van Luc spoke at the conference about economic stability and business competitiveness held by the Institute for
New technology and skilled human resources were the decisive factors to drive Việt Nam’s long-term growth, especially in the face of Industry 4.0-induced changes. This message was delivered by Prime Minister Nguyễn Xuân Phúc at a conference themed “Science, Technology and Innovation – a pillar of Socio-Economic Development in Việt Nam” held by the Ministry of Science and
Strategic partners play a highly important, even decisive, role in Vietnam’s economic development, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc. At a seminar in Hanoi on May 14, he said Vietnam currently has 16 strategic partnerships with major global economies, which are big financial and technological hubs
The Ministry of Agriculture and Rural Development is making a strategy on mariculture development until 2030 with a vision to 2050 to submit to Prime Minister Nguyen Xuan Phuc for approval. The strategy looks to achieve breakthroughs in marine farming with the purpose of building a modern mariculture industry that can meet the demands of
