Teck Kin News Today

In the first two months, export totaled $58 billion, up 17.6 per cent against the same period last year. Import was up 17.7 per cent to reach $54.4 billion.

Transporting import and export goods at Gemalink deep-water port, Ba Ria - Vung Tau province. (Photo: VNA) Continuing the positive trend from the last months of 2023, Vietnam's economy is showing clear signs of recovery. Vietnam saw positive macroeconomic indicators in January. One of the bright spots that continues to be mentioned is the inflow…

Vietnam in 2023 could be most remembered for strengthening cross-border ties, pushing through new laws, or taking action to weather the storms created by trade issues, geopolitical conflict, inflation, and the post-pandemic landscape.

Vietnam could reach GDP growth of 6% in 2024 and over 6% in 2025 as exports and manufacturing continue to improve, but these figures are still comparatively low given that the countrys economic expansion was 7-8% before the pandemic, said Suan Teck Kin, executive director at UOB Global Economics & Market Research.

High interest rates elsewhere have led to consumption and export issues.

No respite for Nike and Samsung as Vietnam supply chain issues set to continue despite Covid measures easing. Read more...