Business News

The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020. However, the surging surplus also indicated a hard time for Vietnamese enterprises, especially those in the export sector. Therefore, when import is up again, it turns out to be a positive sign.

Despite slow disbursement of foreign loans, that of public investment has become faster, contributing to making the country’s positive economic growth target feasible for the year.

“Apartments are not as attractive as before and careful consideration must be given to swing trading,” Dao Van Duy, general director of Viet Nam Infrastructure Investment and Development Joint Stock Company told Dau tu Chung Khoan (Securities Investment) newspaper.

Japanese Ambassador to Vietnam Yamada Takio has told leaders of the southern province of Binh Duong that his country supports transport projects connecting Binh Duong with regional localities and cooperation in investment for major projects using Japanese ODA.

Prime Minister Nguyen Xuan Phuc has approved a list of priority technologies for research and development in a bid to facilitate participation in the 4th industrial revolution. These technologies belong to four areas namely digital technologies, physics, biotechnology, and energy and environment.

2020 has certainly been a challenging year. The COVID-19 pandemic not only posed an immense threat to the health and vitality of the global populace, it also brought about far-reaching disruptions to the global markets as well as accentuated the need for reshaping economic and social dynamics. The AFF, as Asia’s premier forum for global leaders in government, finance and business at the beginning of each year, is uniquely positioned for examining the challenges at hand and strategising the road to recovery and beyond.

The Government has approved a National Digital Transformation Program through 2025 and orientations towards 2030.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.