Vietnam’s exports in 2019 maintained solid growth despite a global slowdown amid great economic vulnerability around the world. But in the new year, the global and regional situations remain unpredictable, exerting significant impacts on many economies, especially developing countries like Vietnam.

Following its weakest performance since the global financial crisis, the world economy is poised for a modest rebound this year– if everything goes just right.

Vietnam will enjoy the fastest economic growth in Southeast Asia in 2020, according to a new forecast from British multinational investment bank HSBC.

The Trump administration has invited at least 200 people to a Jan. 15 ceremony to witness the signing of the Phase 1 trade deal between the United States and China, but the two nations have not yet finalized what, exactly, will be signed, White House officials said on Friday.

Many foreign businesses have expressed their hope for better business and investment environment in Vietnam, especially consistent policies on economic development.

Accustomed to unfulfilled promises from the Chinese government, foreign businesses are keeping a wary eye on a nascent law aimed at addressing their long-standing grievances about unfair treatment in the world’s second largest economy.

Recently, cheap imported steel from China, India, Japan and Russia to Vietnam increased rapidly, causing manufacturing and trading activities of the domestic steel industry to face several difficulties. Last year, the amount of steel imported from China was more than 5 million tons, from India and Japan more than 2 million tons, worth around US$10 billion. Meanwhile, steel exports of Vietnam fell by more than 50 percent in both volume and value compared to the previous year. The domestic consumption of steel was also extremely poor. Unfortunately, although the consumption of steel weakened, steel total capacity increased, causing several difficulties for steel manufacturers.

Việt Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.

Việt Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.

Việt Nam’s cement industry in 2019 continued gain of billions of US dollars in export value, according to the Ministry of Industry and Trade.