Twelve of 17 markets in the Asia Pacific recorded declines in MasterCard’s Index of Consumer Confidence, but Myanmar, Việt Nam and India are still extremely optimistic in their outlook.
The Vietnamese Embassy and Trade Office in Egypt held a trade and investment promotion conference in Aswan Province to draw the attention of local businesses to Việt Nam.
Foreign loans have contributed to the socio-economic infrastructure in past years. However, the mechanism, which mainly distributed the money to local administrations from the State budget with the State in charge of repaying the loans, resulted in many problems.
Vietnam’s trade deficit with China in the first quarter of this year fell 15.6 per cent year-on-year to $6.5 billion, according to the General Statistics Office (GSO).
Many foreign insurers operating in Vietnam may no longer be able to transfer all reinsurance premiums overseas, following a decree to restrict these transfers.
While Vietnamese experts show big concerns about Vietnam economy, pointing out that too many problems still exist, foreign economists have a positive outlook about Vietnam.
The southern region has received US$1.7 billion worth of foreign direct investment (FDI) in the first quarter of 2016, according to the Ministry of Planning and Investment's Foreign Investment Agency.
A trade and investment promotion conference chaired by the Vietnamese Embassy and Trade Office in Egypt was organised in Egypt's Aswan province on April 11 to draw local businesses' attention to Vietnam.
Despite slowing growth, the World Bank (WB) still expects that Vietnam's economic growth will be at around 6% in the period of 2016-2018, and will remain one of the strongest growth economies in ASEAN.
The report by World Trade Organisation indicated that Vietnam's exports soared 7.9% to US$162 billion, and its imports surged 12.3%, reaching US$166 billion last year.
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