Business News

According to the city Department of Industry and Trade, the city’s index of industrial production (IIP) grew by 6 per cent in the first two months of the year, despite a fall of 24.6 per cent in February as business establishments closed for the Lunar New Year.

In the second half of February, the country’s imports totaled US$11.4 billion, up 23% from the first half of the month. The import of machines, equipment and tools rose by 22.9%, while the purchase of plastic materials soared by 61.7% against the figure seen in the first half of February.

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4. Businesses lose customers, run out of money, lay off workers.
5. Garment sector expects to overcome difficulties as orders rise again
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1. Materials and components supply
2. Equipment supply and installation
3. Equipment and materials supply
4. Equipment mechanical cover supply
5. Automatic switchgear structure supply
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In its 2020 Article IV Consultation report with Vietnam, the IMF said the country’s growth is projected to strengthen to 6.5 percent, as normalisation of economic activity continues, businesses recover, and private consumption and business investment rebound.

With its relatively impressive economic growth last year, Vietnam is garnering some high-profile optimism from the international community in terms of a strong recovery this year, with the private sector to having an even bigger role to play.

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1. Analysts call for easing gold policies, cite changed circumstances
2. Bank deposit rates start inching up
3. Visa expands Practical Business Skills
4. Vietnam's fishery exports aim to be among world's top three by 2045
5. Cashew exports surge 46pct over two months
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