When Vietnam reopened after the Covid-19 pandemic more than a year ago, many people warned that Covid and its impact would be forgotten quickly. But the consequences are becoming increasingly apparent.
Standard Chartered Bank maintains its 2022 and 2023 inflation forecasts of 4.2% and 5.5%, respectively. Supply-side factors pose upside risks to inflation, particularly given the ongoing.
Despite the recent resurgence of Covid-19 cases, Vietnam’s growth outlook remains optimistic and its gross domestic product (GDP) growth would be the fastest among the Southeast Asian economies in the second half of 2021, according to Oxford Economics.
Quang Nam Province hopes to welcome some 12 million visitors until 2025, 50% of them international tourists, staying at 1,000 accommodation establishments with 22,000 rooms, revealed a Resolution on Quang Nam tourism development to 2025, with a vision to 2030.
The Mekong Delta province of Dong Thap is stepping up efforts to effectively contain the pandemic and push up socioeconomic development for a sustainable future.
Some 59,800 businesses left the market from January to May 2021, equivalent to some 400 businesses everyday, according to the General Statistics Office of Vietnam.
The southern province of Tay Ninh will this year begin work on three road projects, which require an estimated VND4.5 trillion, to better connect with neighboring HCMC, Binh Duong Province and Binh Phuoc Province.
As the Covid-19 pandemic persists, Vietnam's economy will still face many difficulties, but the country has the potential to increase productivity and develop at a higher rate than many other countries.
Hanoi starts shutting down all food and beverage establishments as well as hair salons and beauty parlors from 12:00 on May 25 so as to contain the spread of the coronavirus SARS-CoV-2 which causes COVID-19.
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