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Average workers' monthly income reaches $336

Average workers' monthly income reaches $336

The average monthly income of Vietnamese workers in the first quarter of 2023 was VND7.9 million ($336), the Ministry of Planning and Investment reported.
Gasoline prices down

Gasoline prices down

The price of Vietnam’s best-selling gasoline RON 95-III fell VND610 to VND23,630 ($1) per liter on Friday, while E5 RON 92 prices dropped VND490 to VND22,680.
April 21, 2023 | 06:47 am PT
Tourism industry waits for visa breakthrough policies in May

Tourism industry waits for visa breakthrough policies in May

The government's proposal to ease via restrictions will create "a strong boost" for the tourism industry and the entire economy if approved by the National Assembly next May, according to tourism insiders.
April 1, 2023 | 12:00 am PT
Vietnamese businesses earn billion-dollar profits in 2022, despite challenges

Vietnamese businesses earn billion-dollar profits in 2022, despite challenges

Despite the global recession in 2022, several Vietnamese firms still recorded strong growth and earned billions of dollars in profits.
January 25, 2023 | 05:00 am PT
Vietnam's GDP growth: relieved and concerned

Vietnam's GDP growth: relieved and concerned

Never before has the country's GDP growth rate made me both happy and sad, relieved and concerned like the 8% figure for 2022.
January 16, 2023 | 03:31 pm PT
China reopening to impact Vietnam economy from mid-2023: economists

China reopening to impact Vietnam economy from mid-2023: economists

China’s reopening will have a positive impact on the global economy including Vietnam’s from mid-2023, economists have said.
January 16, 2023 | 02:30 am PT
Economy could grow at 6.83% this year: think tank

Economy could grow at 6.83% this year: think tank

Vietnam’s GDP could grow by up to 6.83% this year, 0.33 percentage points higher than the government's target, the Central Institute for Economic Management said Thursday.
January 12, 2023 | 07:25 pm PT
Jobs dry up in last quarter of 2022: report

Jobs dry up in last quarter of 2022: report

The demand for new workers in textiles and construction and for marketing and sales jobs dropped by more than 50% in the fourth quarter, Navigos Group said.
January 1, 2023 | 11:21 pm PT
Vietnam's economic challenges for the year ahead

Vietnam's economic challenges for the year ahead

"Things are pretty difficult these days, aren't they?" This is the most common sentiment I've heard while doing business with both domestic and foreign investors this year.
December 13, 2022 | 04:33 pm PT
Let credit flow into investment, exports, consumption: PM

Let credit flow into investment, exports, consumption: PM

Bank loans need to be accessible by three growth-driving areas of investment, exports, consumption while only suitable property projects can borrow, said Prime Minister Pham Minh Chinh.
December 6, 2022 | 02:22 am PT
Vietnam resets modernization push with new economic restructuring targets

Vietnam resets modernization push with new economic restructuring targets

Vietnam will target 7% GDP growth, $7,500 per capita GDP, agriculture workforce reduction to less than 20% and trained workforce augmentation to 35-40% by 2030, a Party resolution says.
November 28, 2022 | 06:34 am PT
To rescue or not to rescue property sector?

To rescue or not to rescue property sector?

I was in Vietnam for a few days during a recent business trip and was asked repeatedly about the problems the country's economy was facing.
November 23, 2022 | 04:12 pm PT
Vietnam a bright spot amid global slowdown: IMF chief

Vietnam a bright spot amid global slowdown: IMF chief

Despite the current global economic downturn, Vietnam remains a bright spot in the region with high GDP growth, IMF Managing Director Kristalina Georgieva said.
November 19, 2022 | 06:26 am PT
Don't miss the boat on tropical marine aquaculture

Don't miss the boat on tropical marine aquaculture

When I first traveled to Vietnam in 2006 to expand my business, I was impressed by what I saw.
October 25, 2022 | 04:28 pm PT
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