Business News

Economists and experts are gauging possible impacts of the Russia-Ukraine conflict on Vietnam’s economy, focusing on effects on the country’s rebound efforts, as well as possible gains from the event.

Gaw NP Capital, a joint venture between Hong Kong Gaw Capital Partners and Vietnam NP Capital, plans to invest an additional $500 million into Vietnam's real estate market in the next 18 months.

In Jan-February, there were nine export commodities recording turnover of at least 1 billion USD, accounting for 71.6 percent of the total export value.

Vietnam's national index of industrial production increased 5.4 percent year on year in the first two months of this year. The processing and manufacturing sector, the main driver of the surge, went up 6.1 percent.

Energy is among potential fields for investment cooperation between Vietnamese and US firms, with Prime Minister Pham Minh Chinh announcing that Vietnam gives high priority to sustainable energy development to maintain national energy security and reduce greenhouse gas emissions, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong.

Some 83.3 percent of the 500 fastest-growing companies in Vietnam (FAST500) are optimistic about the outlook and growth opportunities of the domestic market this year, given that the economy is on course to recover to the pre-pandemic level, according a recent survey conducted by Vietnam Report.

Vietnam’s export-import turnover hit an estimated 108.5 billion USD in the first two months of this year, up 13 percent compared to the same period last year, the General Statistics Office reported on February 28.

Vietnam is under great pressure to green its trade sector as consumers pay more attention to environmentally-friendly products, while the country is also enjoying opportunities to boost the export of related goods in order to benefit.