by Teuvo Tuomi | Feb 9, 2023 | ASEAN, Business, Economy, Vietnam
Vietnam has been rising as a manufacturing powerhouse. It also had an 8.02% GDP growth in 2022. Still, layoffs among garment, footwear, and woodworkers have been all too common in recent months. Even as the country enjoys a wave of foreign direct investment (FDI) from...
by Teuvo Tuomi | Jan 26, 2023 | ASEAN, Business, Economy, Southeast Asia, Vietnam
Vietnam’s Hải Phòng aims to become a regional and international logistics center due to its many advantages as a transportation hub for sea, road, air, railway, and inland waterways traffic. This objective is highlighted in the northern city’s service...
by Teuvo Tuomi | Jan 20, 2023 | ASEAN, Economy, News, Vietnam
The State Bank of Vietnam (SBV) says it will keep monetary policy flexible to ensure inflation does not exceed 4.5% in 2023. According to SBV, its credit growth quota for this year will be 14-15%, adding that its aim is to ensure liquidity for all lenders. It also...
by Teuvo Tuomi | Dec 30, 2022 | Linkss, ASEAN, Economy, News, Southeast Asia, Vietnam
Vietnam’s economy grew by 8% this year. According to the General Statistics Office of Vietnam (GSO), this is the biggest rise since 2011. Manufacturing, construction, and processing were major economic drivers at 8.1%, contributing over 38% to the total GDP. The...
by Teuvo Tuomi | Nov 27, 2022 | Business, ASEAN, Southeast Asia, Vietnam, Visions
It’s been an unexpected and very peculiar year in Vietnam. In 2022 the stock market of Asia’s fastest-growing, most competitive, and the least-indebted country faced a total crash. In a year of excellent earnings growth, the Vietnam stock market has plummeted...
