Business News

The forecast is highlighted in the Viet Nam section of the bank's recently published global research report titled Global Focus–Economic Outlook Q3-2022: Near the tipping point.

Vietnam is expected to become the next digital tiger in Asia as the country pushes forward with its digital transformation strategies, according to the Vietnam Economics report by MayBank.

In 2025, the processed products would account for 30 per cent of Việt Nam's total agricultural, forestry and fishery products exported to the EU. About 20 per cent of the exported agricultural, forestry and fishery products to the EU would be sold directly at retail channels in this market.

During the six months, the processing and manufacturing industry posted the highest industrial output growth of 9.66 per cent. It was followed by electricity generation and distribution (6.51 per cent), electricity production and distribution (6.1 per cent) and the mining industry (2.28 per cent).

Việt Nam needs to develop regulations about digital and virtual assets as Industry 4.0 is driving the emergence of new assets and the lack of rules exists is one of the most significant legal problems in asset ownership rights.

Economic expert Nguyễn Bích Lâm talks to Việt Nam News Agency about Việt Nam’s economic growth prospects in 2023 and ways to boost growth in the face of challenges created by supply chain breaks and geopolitical instability.

During the second quarter of 2022, European business stakeholders' confidence in Vietnam's investment environment declined slightly, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and conducted by YouGov Vietnam.

The consumer price index (CPI) in June increased by 0.69% from the previous month, according to the General Statistics Office.