VN records positive growth amid gloomy global forecasts

Việt Nam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during the first half of this year, the lowest six-month growth pace since 2011, according to the General Statistics Office (GSO).

Shares plummet on GDP growth record low and surges in COVID-19 fatalities Local shares tumbled on Monday as the second-quarter GDP growth record low and the relentless spread of the coronavirus hit market sentiment.

Việt Nam Grand Sale 2020 to open next month The event is expected to draw a large number of enterprises.

From retail to finance, Viet Nam all set to rebound with poise Viet Nam’s early efforts to weather the storm of COVID-19 have helped its economy reopen much sooner than others, with many sectors that have suffered badly from the outbreak, from retail to finance, now recovering with poise.

National IIP up 11.2 per cent in May Việt Nam’s index of industrial production (IIP) in May rose by 11.2 per cent over the previous month but decreased by 3.1 per cent year on year, according to the General Statistics Office (GSO).

Việt Nam’s retail sales down in five months If inflation was excluded, retail sales dropped 8.6 per cent, compared to 8.5 per cent seen in last year’s corresponding period.

New established firms surge 36% in May The GSO attributed this month's positive figures to the end of the social distancing orders and effective support programmes from the Government. 

Monthly CPI falls to lowest in five years The local consumer price index (CPI) fell to the lowest level in five years this month, but for the first five months of the year, the CPI still peaked due to rising pork prices.

Việt Nam’s economy could thrive again after social distancing eased, says WB Việt Nam’s economy may prosper again after social distancing measures were eased nationwide on April 23, according to the World Bank (WB)’s updated report on the country’s macro-economy for May released this week.

Four-month industrial production hits record low due to COVID-19

In April alone, the IIP slumped sharply by 13.3 per cent over the previous month and by 10.5 per cent over the same period last year. It is also the first IIP decrease in April during the 2016-20 period, the GSO said.