Want to be in the loop?
subscribe to
our notification
Business News
ECONOMY EXPANDS 2.91% IN 2020: GSO
The Vietnamese economy expanded 2.91% in 2020, the lowest growth rate over the past decade, according to official data.
This year’s growth rate is quite positive given the serious challenges posed by the Covid-19 pandemic, Nguyen Thi Huong, Director-General of the General Statistics Office (GSO), told a room of reporters on Sunday.
Total trade volume was estimated at US$543.9 billion, up 5.1% against the previous year. Of the figure, export turnover rose 6.5% to US$281.5 billion while import value increased by 3.6% to US$262.4 billion, Huong said.
With the above figures, Viet Nam posted a trade surplus of US$19.1 billion this year, she added.
Meanwhile, inbound tourism plunged by 78.7% and consumer price index rose by 3.23%, the GSO leader said.
Source: VGP
Related News
MEMBER CORNER / PROMOTIONS
SAFETY IS LIFE – DISCIPLINE IS STRENGTH
At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.
MEMBER CORNER / PROMOTIONS
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
HOSPITALITY / TOURISM / ENTERTAINMENT
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS
Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
Events Sponsors
