In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.
Welcoming the Vietnamese delegation at Yangon International Airport on March 30, Yangon Region Chief Minister U Soe Thein praised Vietnam’s swift action, highlighting it as a testament to the strong ties and unwavering friendship between the two nations.
Vietnam has regained its position as the “growth star” of the Association of Southeast Asian Nations (ASEAN), said the Hong Kong-Shanghai Banking Corporation (HSBC) when evaluating Vietnam’s economic development in 2024.
Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.
Local authorities and businesses of Cat Ba island and Do Son district, the two popular tourist destinations in the northern city of Hai Phong, have joined hands in overcoming typhoon Yagi's impacts to resume tourism activities.
In the heavily affected village of Làng Nủ in Phuc Khanh commune, Bao Yen district, Lao Cai province, the priority, alongside ongoing search and rescue efforts, is to swiftly rebuild and help locals resettle after the floods. Bao Yen district is actively working on establishing a resettlement area for the affected community.
Thailand's Commerce Ministry has joined hands with government agencies to launch a nationwide economic recovery project over a period of three months which is expected to reduce the cost of living by up to 7 billion THB (198 million USD).
As of June 30, credit expanded 6% compared to the end of 2023 while total outstanding loans approximated 14.4 quadrillion VND (563.3 billion USD), a positive signal showing this year's credit growth target of 14 - 15% is within reach, experts said.
While Vietnam’s textile and garment industry is recovering, it is facing new challenges such as customers preferring small, rapid orders and labour shortages, experts have said.
With the world market’s recovery and increased export orders, import and export activities in the first five months of 2024 continued to thrive and saw considerable outcomes.
Roadblocks related to credit accessibility, legal procedures, and demand-supply factor must be removed to bolster the recovery of the real estate market, experts said at a forum held in Ho Chi Minh City on May 29.
Vietnam's industrial production has shown signs of recovery and positive growth despite ongoing challenges, the Ministry of Industry and Trade has assessed.
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Malaysia's labour market is projected to remain stable in 2024, with the average unemployment rate at 3.2%, according to Kenanga Investment Bank Bhd (Kenanga IB).
Recovery of the world economy, including many major export markets of Vietnam, is a positive sign for the Southeast Asian nation’s import and export activities in the coming time.
The resurgence of Thailand’s tourism industry over the past year has translated into substantial gains for airlines and tourism businesses listed on the Stock Exchange of Thailand (SET), reported the local news site The Nation.