Economy · 21. April 2020
Fitch Ratings has revised the outlook of 5 Vietnamese banks because the low growth rate caused by the Covid-19 pandemic is likely to negatively impact banks’ credit information in the near future. Lower long-term issuer default rating (IDR) Fitch Ratings has revised the Long-term Issuer Default Ratings (IDR) of two state-owned banks and one 100% foreign-owned bank in Vietnam from Positive to Stable, and outlook on the two joint stock commercial banks to Negative from Stable. Specifically, the...
Economy · 05. April 2020
According to the forecast of the Asian Development Bank (ADB), the growth momentum of Vietnam's economy will be maintained if the Covid-19 pandemic is controlled in the first half of 2020, and the economy will recover with the growth rate of 6.8% in 2021. Sharp decline On April 3, Asian Development Bank (ADB) released the Asian Development Outlook 2020 report (ADO 2020). In particular, this organization predicted that Vietnam's economic growth would decline sharply to 4.8% in 2020. The reason...
Economy · 15. March 2020
Vietnam Country Report 2020 is an annual report published by VietnamCredit, a leading business information provider and credit rating agency in Vietnam. In a fast-changing and uncertain global business environment, VietnamCredit’s illustrated Vietnam Country Report 2020 will help you to stay on top of developments and give you a keen understanding of this emergent and highly attractive market and its huge growth and investment potential. Vietnam Country Report 2020 is designed to hold all the...
Economy · 10. March 2020
Covid-19 epidemic has caused the shrinking of the consumer market, the declining revenue in services, tourism and aviation sectors, causing a big "shock" to Vietnam’s economy. The outbreak of the Covid-19 pandemic has made the world’s as well as Vietnam’s economy suffer a lot of negative effects. According to statistics of the Business Registration Management Department – Vietnam’s Ministry of Planning and Investment, in the first 2 months of this year, there were 16,151 enterprises...
Economy · 18. January 2020
Economics overview Vietnam is experiencing a period of “golden population structure” with 56 million people of working age, accounting for 58% of the total population. Over the next 15 years, Vietnam will still benefit from this demographic trend and will therefore be a destination for investment flows around the world. The young population also opens up investment opportunities in the fields of production and services for young consumers. The private sector, which is expected to be the...