Business News

Viet Nam’s economic conditions continued to improve and both industrial production and retail sales registered a third month of growth, according to the Viet Nam Macro Monitoring report, which was released by the World Bank (WB) on December 14.

As a key part of its Socioeconomic Development Plan for 2022 and Economic Restructuring Plan for the 2021-2025 period, Vietnam is set to foster a digital economy in the hope of achieving higher quality in economic growth.

Banking technology platform Mambu, which has a growing presence in Vietnam, has announced a €235 million ($265.9 million) Series E round, which was the largest private financing round for a banking software platform and made it one of the highest-valued B2B software as a service companies founded in Europe.

A variety of voices have explained how new models of collaboration between acquirers and acquirees have been created in a bid to facilitate a more well-rounded ecosystem, and maximise a solid pool of Vietnamese talents.

Growth across South-East Asian (ASEAN) economies contracted in the third quarter of 2021, because of the challenges of the Covid-19 Delta variant. However, ASEAN is expected to be the fastest-growing region in the world in 2022 with a growth forecast of 6.1%, as a result of high immunisation coverage and successful management of cases so far.

In addition to policies on public-private partnership (PPP) investment, many solutions need to be applied consistently to boost private investment in transport and energy infrastructure development.

The 15th National Assembly has recently approved a resolution on socio-economic development plan in 2022.

Vietnam enjoyed a trade surplus of 225 million USD during January-November, according to the General Statistics Office.