SSC sets out measures to address stock market overload issue

The State Securities Commission of Việt Nam (SSC) has ordered the Hồ Chí Minh Stock Exchange (HoSE) and securities firms to apply short-term, mid-term and long-term solutions for overload orders which forced the exchange to halt trading since the end of last year.

Workers organisation calls for increase in minimum wage

The body that represents workers' rights in Việt Nam is calling on the Government to increase minimum wage as the country's economy begins to show positive signs of recovery.

More than 32 million workers impacted by pandemic in Việt Nam

Up to 69.2 per cent of people faced income reductions, 39.9 per cent had to cut working hours and take time off work, and about 14 per cent had to stop working altogether.

Việt Nam expects to hit its GDP goal in 2021 with stable economic development Việt Nam's gross domestic product (GDP) was estimated to increase 2.91 per cent in 2020 due to the Government's economic management experience over the past years, a safe and healthy macroeconomic environment and stable politics. In 2021, the economic growth is expected to reach the target of 6 per cent set by the National Assembly, although the world economy is forecasted to continue the slowing trend due to challenges from the COVID-19 pandemic. The General Director of General Statistics Office Nguyễn Thị Hương spoke to the Vietnam News Agency reporter about this issue.

Việt Nam’s resilience helps it overcome a tough year and reset for new year

However, despite challenges, Việt Nam is seen a bright spot in a bleak picture of the world economy. The country is one of the 10 economies with the highest GDP growth in 2020.

Việt Nam’s 2020 retail sales see the lowest growth in nine years This year’s retail sales growth was much lower than 9.5 per cent seen in 2019 and was also the lowest rate in the 2011-20 period due to the significant impact of COVID-19 pandemic.

Foreign investors pump over $28.5 billion into Việt Nam in 2020 However, the Ministry of Planning and Investment (MPI), said many foreign-invested enterprises have gradually recovering and maintaining their business and production activities. More importantly, many foreign businesses showed their strong interests in investing in Việt Nam.

Foreign arrivals to Việt Nam plummet 79 per cent in 2020

Over 96 per cent of the total figure 3.8 million arrivals came to the country in the first quarter, before social distancing measures and strict border closures were imposed to prevent spread of coronavirus.

Trade surplus hits $19 billion, highest since 2016

Việt Nam is estimated to enjoy a trade surplus of US$19.1 billion this year, the highest since 2016, despite the challenges posed by the COVID-19 pandemic.

Việt Nam's GDP growth among the world's highest

Việt Nam this year has achieved a gross domestic product (GDP) growth of 2.91 per cent, an impressive figure despite the impact of the COVID-19 pandemic, according to the General Statistics Office (GSO).