Long-Term Bond Yields Decline in Emerging East Asia
Yields of 10-year local currency government bonds dropped while yield curves flattened, according to the latest issue of Asia Bond Monitor, released today. Both are typically signals that investors expect slower economic growth.
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Vietnam’s Economic Growth Expected to Accelerate to 5.5% in 2022 and Greening its Trade Would Offer New Opportunities: World Bank
Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5% from 2.6% in the year just ended, the World Bank’s economic update for Vietnam Taking Stock says.
Standard Chartered Forecasts Vietnam 2022 GDP Growth at 6.7%
According to Standard Chartered’s economists, exports should be supported in 2022 by a continued improvement in the global trade environment, although import growth is likely to remain high.
World Bank Credit to Strengthen Infrastructure, Boost Climate Resilience in Vinh Long City
The Government of Vietnam and the World Bank have signed a US$126.9 million financing agreement to improve access to infrastructure, connectivity and reduce flood risk in the urban core of Vinh Long City.
Gojek Launches GoCar in Hanoi, Equipping All Cars with Protective Shields and Air Purifiers
After over 1 month of operations in Ho Chi Minh City, GoCar is coming to Hanoi users, starting with the GoCar Protect safety and hygiene service line.
AmCham Selects New National Chair for 2022
Mr. Rockhold has been living and working in Vietnam since 1992 and serves as the Chief Executive Officer of Chan May LNG JSC to implement climate change projects and help Vietnam meet its energy security needs.
Vietnam Likely to Have Current Surplus in 2022, HSBC Says
While favourable base effects partly explained the surprisingly high growth, the level of exports nonetheless returned to the pre-Delta variant level. Among the most affected sectors, textiles have gradually recovered (up 25% y-o-y), but the footwear industry is still impacted (down 14% y-o-y).
Vietnam’s Ability to Weather External Shocks Has Faded in 2021, HSBC Says
Fading protection in 2021. Vietnam’s ability to guard against external risks has been strong over the years, thanks to its shift to a current account surplus, as its trade surplus widened. However, the protection is fading in 2021.
Fitch Affirms Outlook on Standard Chartered Vietnam at Positive
Fitch’s ratings are driven by the institutional support from100% shareholder, Standard Chartered Bank, for Standard Chartered Vietnam given itsimportant role in the group's broader South-East Asia strategy.
New ADB Facility to Help South East Asia Revive Tourism and Boost Sustainable, Inclusive Investments
The pandemic exacerbated growing inequalities between skilled and unskilled workers, hurting low-skilled workers as well as middle-skilled workers, whose jobs face automation or being moved elsewhere.
Germany Supports Vietnam with Another 2.6 million Vaccine Doses
Germany has already donated numerous vaccines and medical equipment to Vietnam this year. Germany will also support Vietnam with additional vaccine doses, bringing the total number of vaccines donated by Germany to Vietnam to over 10 million doses, he said.
Wave Energy Could Power Vietnam’s Islands, But Start-Ups Need USAID’s Help
Vietnam, for instance, has a vast network of islands that can be difficult to connect to the grid and would benefit from a technology that generates power locally. Enter wave energy: a newer innovation that taps powerful ocean waves to do just that.
HSBC Predicts Vietnam’s Economic Growth 6.8% in 2022
Foreign direct investment (FDI), Vietnam’s key driver of growth,is still robust and was only marginally impacted given the serious lockdown that the country applied in 2021.
Fitch Upgrades Asia Commercial Joint Stock Bank to 'BB-'; Outlook Stable
The upgrade on the bank's VR is driven by Fitch’s assessment that Vietnam's banking system operating environment (OE) factor score has returned to a pre-pandemic level of 'bb-' with stable outlook as the economic impact from the Covid-19 pandemic.
Fitch Upgrades Vietinbank's Viability Rating to 'b'; Affirms IDR at 'BB-'; Outlook Positive
Fitch believes Vietinbank's asset quality performance is likely to benefit from an improving economic outlook, which will also have positive effects on its profitability.
Fitch Upgrades Vietcombank's Viability Rating to 'b+'; Affirms IDR at 'BB-'; Outlook Positive
The upgrade of Vietcombank's VR is driven by Fitch’s assessment that Vietnam's banking system operating environment (OE) factor score has returned to a pre-pandemic level of 'bb-', as business conditions have been substantially less severe.
Some Global Furniture Companies Face Delayed Orders and Depleted Inventories after Few Months of Lockdowns in Vietnam
Pottery Barn parent company Williams-Sonoma is experiencing inventory delays, particularly in children's home furnishings, as suppliers in Vietnam work to boost production, CEO Laura Alber said during the company's Q3 earnings call.
Partnership for a Successful Circular Economy in Vietnam
The Cities Development Initiative for Asia (CDIA) committed to provide a Technical Assistance to Vung Tau city. Within the framework of this TA Agreement, CDIA will prepare a holistic solid waste management investment program for Vung Tau City.
Vietnam’s Exports to Hit Almost USD535bn by 2030
Additionally, the research found that 41 per cent of global corporates currently do or plan to manufacture in Vietnam within the next five to 10 years. This is evidence that Vietnam will be a major driver of global trade growth over the next decade.
Inflation Concerns Push up Emerging East Asia Bond Yields
Growth in Viet Nam’s local currency bond market accelerated to 8.1% from the previous quarter, increasing the market size to $83.6 billion. Annual growth slowed to 23.5%.
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