Economy

This section covers major macroeconomic developments in Vietnam, including economic growth, inflation, fiscal and monetary policy, labor market issues, and institutional reform, as reflected in domestic media and official sources.

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    Vietnam Industry and Trade News Bulletin for AUGUST 01, 2023

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC NEWS & MACROECONOMIC OUTLOOK 1. Growth Forecasts and Inflation Trends • Strong Growth Recovery: Vietnam’s economy is predicted to grow strongly in 2023, supported by four interest rate cuts within three months, bringing deposit rates down to approximately 7% and lending rates to 8-9%. • CPI and Core Inflation: In July 2023, the Consumer Price Index (CPI) increased by 0.45% compared to the previous month, with a 7-month average increase of 3.12%….

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    Vietnam Industry and Trade News Bulletin for JULY 31, 2023

    ByVN Industry and Trade Bulletin

    A. POSITIVE ECONOMIC INDICATORS 1. Industrial Production Recovery • IIP Growth: The Industrial Production Index (IIP) in July 2023 showed signs of recovery, increasing by 3.9% compared to the previous month and 3.7% year-on-year. Notably, the processing and manufacturing sector rose by 3.6%, while electricity production and distribution increased by 4.1%. • Regional Performance: Several localities saw a sharp rebound in industrial activity, with Bac Ninh recording a significant 23.8% increase in its IIP for…

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    Vietnam Industry and Trade News Bulletin for JULY 28, 2023

    ByVN Industry and Trade Bulletin

    A. POSITIVE ECONOMIC NEWS 1. Hydropower Recovery • Full Capacity Operations: Due to increased water levels from upstream, major plants like Hoa Binh and Ban Ve can now operate at 100% capacity, ending the period of restricted generation. 2. Trade Promotion • Viet-Lao Expo 2023: Opened in Vientiane with 250 booths. The Vietnamese section includes 120 booths showcasing pharmaceuticals, medical equipment, agriculture, textiles, and handicrafts. B. GENERAL ECONOMIC NEWS 1. Investment and Tax Policies •…

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    Vietnam Industry and Trade News Bulletin for February 17, 2023

    ByVN Industry and Trade Bulletin

    A. IMPORT-EXPORT AND INTERNATIONAL TRADE 1. Energy and Petroleum Imports • Sharp Increase in Volume: In January 2023, petroleum imports reached 1 million tons ($879 million), a 92.6% increase compared to the same period last year. • Crude Oil Trends: Crude oil imports also hit 1 million tons ($621 million), up 43.8% over the same period in 2022. • Key Partners: Imports from South Korea tripled and from Singapore increased 2.5 times compared to the…