The Economist: Vietnam among safe economies in wake of COVID-19
Vietnam has been listed as the 12th strongest economy, according to The Economist’s report on the financial strength of the 66 emerging economies in the wake of the COVID-19 fallout.
Vietnam ranks 12th among the 66 emerging economies regarding financial strength. (Photo: zingnews.vn)
Hanoi(VNA) – Vietnam has been listed as the 12th strongest economy, according to TheEconomist’s report on the financial strength of the 66 emerging economies inthe wake of the COVID-19 fallout.
The ranking examinesthe vulnerability of selected economies across four potential sources of peril– public debt, foreign debt and cost of borrowing and reserve cover.
The Economist calculatedtheir likely foreign payments this year (their current-account deficit plustheir foreign-debt payments) and compare this with their stock offoreign-exchange reserves. A country’s rank on each of these indicators is thenaveraged to determine its overall standing.
Vietnam is inthe safe group thanks to stable and strong financial indicators.
Accordingly,more than 30 emerging economies are facing great pressure, the worst beingLebanon and Venezuela.
Botswana topsthe list of the safe economies, followed by Taiwan (China) and the Republic of Korea.
The Economistsaid that most of the economies were strong enough to overcome the pandemic.The 30 weakest economies was relatively small, accounting for only 11 percentof the total GDP of the 66 economies.
It said theCOVID-19 hurts emerging economies by locking down their populations, damagingtheir export earnings and deterring foreign capital.
Even if thepandemic fades in the second half of this year, GDP in developing countries,measured at purchasing-power parity, will be 6.6 percent smaller than the IMF’sforecast in October, states the report./.
Vietnamese landlords should consider shifting from their traditional fixed-rent model to base rents and revenue sharing like in many other countries to spread the risk, experts have suggested.
Some 81 percent of members of the Vietnam Business Council for Sustainable Development (VBCSD) will strengthen sectoral links to prevent their supply chains from suffering any future disruption caused by a disaster similar to the COVID-19 pandemic, a survey has found.
Despite the impact of the COVID-19 pandemic and many countries limiting customs clearance, solar power enterprises with manufacturing plants in Vietnam are still taking advantage of the domestic market to serve customers and sustain growth.
The Civil Aviation Authority of Vietnam (CAAV) has asked the Ministry of Transport to increase domestic flights and remove social distancing on aircraft.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam ranks 12th among the 66 emerging economies regarding financial strength. (Photo: zingnews.vn) 
