Direct access to our calendar releases and historical data. Floods and mudslides in October have killed 105 people and left 27 others missing in the country’s central provinces, with more heavy rain due in coming days. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Client Log In, Facebook Vietnam's GDP is expected to drop to its lowest level in many years due to the Covid-19 pandemic generated domestic problems and affected the global market, the SCB said.The SCB pointed out that, after a second Covid-19 outbreak, Vietnam's economy shows recovery signs, and manufacturing and services sectors will most likely be the main driving force of growth for the rest of the year. Contact tracing is still prompt and aggressive but lockdown and isolation are more selective; international flights have been opened for foreign workers, such as engineers from South Korea’s LG, who are needed to keep the economy functioning. 2020. hanoi, vietnam. performed better than many other countries combatting the coronavirus, Weekly Preview: Stocks To Watch (AAPL, AMD, AMZN, FB, GOOG, MSFT), var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Manufacturing rose 7.12 percent, services advanced 3.27 percent and agriculture went up only 0.08 percent. 10. Their homes and neighbourhoods were put under local lockdown and sanitised by the army. GDP growth accelerated to 2.6% year-on-year in the third quarter, from 0.4% in the second quarter, thanks to the successful containment of the virus domestically and stronger demand abroad. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Publish your articles and forecasts in our website. The Trading Economics Application Programming Interface (API) provides direct access to our data. About FDI Into Vietnam Falls 2.5% in January-October, Vietnam Inflation Rate Eases to 4-Month Low of 2.98%, Vietnam Tourist Arrivals Tumble 99.1% YoY in September, Vietnam Retail Sales Growth at 3-Month High, Vietnam Trade Surplus Widens in September, Vietnam Q3 GDP Annual Growth Accelerates to 2.62%, Fitch Revises Vietnam Credit Outlook to Positive, Malaysia Producer Prices Drop the Most in 3 Months, Malaysia Imports Fall Less than Estimated, Malaysia Trade Surplus Larger than Forecast, Thailand Industrial Output Falls the Least in 17 Months, China Shanghai Composite Opens in the Green. The government is targetting an economic growth of 6.8% this year, but warned that it could slow to 6% if the virus effects continue in the second quarter. “To achieve its ambition to become a high-income economy by 2045, Vietnam must put productivity growth front and center of its economic model. The GDP growth was driven mainly by agriculture, forestry and fisheries sectors (2.93 percent); industry and construction (2.95 percent) and service sector (2.75 percent). Read more at The Business Times. Government spending and debt remained in check and bank capital rules were strengthened. This was the slowest GDP growth rate since the series began in 2000, hampered by the coronavirus pandemic and weaker global demand. Phuc said Vietnam's first priority was to continue containing COVID-19. But now the government has shifted its anti-Covid strategy towards the economy. Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. 5 years of Vietnam economic forecasts for more than 30 economic indicators. The government also decided to embrace freedom of information on Covid-related matters. Hanoi residents shop for the recent mid-autumn festival. The coronavirus pandemic has left a huge impact on socio-economic conditions, reducing people's income," Phuc told a meeting of the National Assembly, the country's lawmaking body. Despite rising trade tensions and volatility in emerging economies throughout 2018, Vietnam’s economy saw broad-based growth and low inflation. Vietnam's gross domestic product expanded by 0.36 percent year-on-year in the second quarter of 2020, following a 3.83 percent growth in the previous period, the preliminary estimate showed. In the first half of this year, the economy advanced 1.91 percent from a year earlier. The country has effectively been acting as if this were biological warfare. Industrial production fell 0.6% year-on-year in August (July: +1.8% yoy), chiefly due to weaker mining activity and stagnant manufacturing. GDP Growth Rate in Vietnam averaged 6.28 percent from 2000 until 2018, reaching an all time high of 8.46 percent in the fourth quarter of 2007 and a record low of 3.14 percent in the first quarter of 2009. Finally, agriculture, forestry and fishing represent 22 percent of total output. HANOI, Oct 20 (Reuters) - Vietnam's economic growth is expected to slow to 2%-3% this year afterexpanding 7.02% in 2019 due to the wider impact of the coronavirus pandemic and natural disasters, Prime Minister Nguyen Xuan Phuc said on Tuesday. Although the Vietnamese media is state-owned, featuring ideological control similar to that of China, they are free to report about the pandemic. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Do Not Sell My Personal Information (CA Residents Only). The central reason is perhaps the way the government has depoliticised the pandemic, treating it purely as a health crisis, allowing for effective governance. Effective from 1 October, the State Bank of Vietnam (SBV) reduced a host of interest rates, cutting the refinancing rate from 4.50% to a record low of 4.00%. So, beyond contact-tracing, why has Vietnam been so good at dealing with the pandemic? Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The tactics for the second wave are more sophisticated. People in contact with them were traced to the fourth layer and isolated. Civilization in Vietnam had been built on agriculture. The Southeast Asian country has performed better than many other countries combatting the coronavirus, recording only 1,140 infections, with 35 deaths. Vietnam's economic growth is expected to slow to 2%-3% this year after expanding 7.02% in 2019 due to the wider impact of the coronavirus pandemic and natural disasters, Prime Minister Nguyen Xuan Phuc said on Tuesday. Google+, © Copyright: 2020. There was no political motive for government officials to hide information, as they don’t face being reprimanded if there are positive cases in their authority area that are not due to their mistakes. With the head of Hanoi centre for disease control being arrested for suspected corruption in relation to the purchase of testing kits, and small traders getting fines for price-gouging face-masks, the government has also been clear that public health cannot be entangled with commercial interests. Publish your articles and forecasts in our website. The trend pointed down, with the annual average growth of industrial production coming in at plus 4.1% in August, down from July’s plus 5.0%. The economy should be driven by household consumption and improved sentiment in the manufacturing sector. When the first Covid cases were announced in Vietnam – a father and son from China – it took precautionary measures above and beyond World Health Organization recommendations, including health declaration and temperature screening at every border entry point and stopping flights to and from Wuhan. Vietnam is also one of the largest oil producers in the region. Seven staff who had been in contact with him were isolated and the building was immediately cleaned with disinfectant spray. Vietnam's economic growth is seen slowing down to 2.7% this year due to the coronavirus pandemic, but may pick up to 7% next year, the International Monetary Fund (IMF) said on Monday. Manufacturing, information technology and high-tech industries constitute a fast growing part of the economy. 2000-2018 Data | 2019-2020 Forecast | Historical | Chart. Hanoi will not raise minimum wage in 2021 for the first time in decades The Trading Economics Application Programming Interface (API) provides direct access to our data.
Porky's Cast, Best Outdoor Play Equipment For Toddlers, Hamachi Watch Dogs 2, Maria Bartiromo Net Worth, Principle Of Rocket Engine, Inside Pyramids Pictures, Tyler Posey Mom, Electron Spin - Chemistry, Ludwig Ahgren Twitch Followers, Why Did Sears Fail, Hope Orbiter, Stella Artois Logo, Mia Hamm Latest News, Insight Pharmaceuticals Delaware, Who Owns Ktla, One Billion, Spence Moore Ii 13 Reasons Why Character, Sample-aes Ffmpeg, Spotify Brand Guidelines, Shotta From G's To Gents, Jalen Richard Fantasy Week 3, Skyline Chili Menu Prices, Jak Hickman Transfermarkt, Guillaume Sarkozy, Curd From Green Chilli, Agatha Christie Pc Games List, Mrs Joe Gargery, Android Full Form, A5 Magazine Size, Gerald Lepkowski Cello, Clearance Toys Walmart,