Since the first coronavirus cases were detected in Viet Nam in March, the outlook for air transport-related stocks has remained negative.
The Asia Development Bank (ADB) on Tuesday cut economic growth forecast for Viet Nam by 2.3 percentage points to 1.8 per cent in 2020.
While Vietnam’s economic outlook in the near term is dim, the country is showing stronger resilience than most comparable economies, stated the ADB.
Recently, HDBank has become one of the representatives from Asia to receive the Global Business Outlook Award 2020 conferred by Global Business Outlook Magazine in the categories of Best Innovation in Green Banking and Most Innovative Mobile Banking App.
HDBank has become one of the Asian winners of the 2020 Global Business Outlook awards given by Global Business Outlook magazine in the categories of “Best Innovation in Green Banking” and “Most Innovative Mobile Banking App”.
The aftermath stemming from the pandemic has worsened global economic hardships but also opened up new potential. Dam Nhan Duc, head of Research and Corporate Development at Military Bank, shared with VIR’s Celine Luu how Vietnam can fully grasp the golden opportunities from multifaceted free trade agreements to be a magnet for high-quality overseas cash flow.
PVN accounts for about a third of the country's refined product output and supplies gas for power plants that make up about 15% of Vietnam's power generation.
Vietnam has demonstrated strong and stable growth in attracting foreign direct investment. Kenneth Atkinson, founder and senior board adviser at Grant Thornton Vietnam, explains how the country can push ahead even further.
In addition to a weakening US dollar, the ample supply of dollars thanks to Vietnam’s record trade surplus is a major factor that could keep a stable USD/VND exchange rate.
This year has been an extremely difficult time for the ASEAN economic community. However, the difficulties also highlighted enterprises which not only kept business stable but also made significant contributions to the prevention of the pandemic in the region – and the very best enterprises will be honoured at the ASEAN Business Awards.