Tuesday, October 26, 2021 1:59:16 AM - Markets open
VN-INDEX 1,385.40 -3.84/-0.28%
HNX-INDEX 395.88 +4.68/+1.20%
UPCOM-INDEX 100.92 +0.56/+0.56%
Canadian businesses believe in Việt Nam’s medium-term economic outlook
Vietnam News - 9/8/2021 4:59:02 PM
 (0 ratings. You must sign in to rate.)
 Canadian entrepreneurs have voiced their belief in Việt Nam’s economic outlook despite the fourth wave of COVID-19 and the adverse impacts of the pandemic on the country’s activities and growth.
In an interview with the Vietnam News Agency’s correspondent, Marc Djandji, Chartered Financial Analyst (CFA) at the ASEAN Strategy Group Limited advisory firm, said the Southeast Asian nation was one of the world’s most dynamic stock markets and its economy has stayed resilient until the first half of 2021.
Việt Nam’s economic activities would be restrained in the coming months due to the spread of COVID-19. Industries, manufacturing and construction, which serve as a driving force for the economy, were bearing the brunt of current outbreaks, he said.
Djandji underlined that Việt Nam’s recovery would depend on the implementation of the COVID-19 vaccination drive, speaking highly of the country’s strong sense of collective responsibility and solidarity.
According to him, the Vietnamese economy will remain stable and be driven by industrialisation and urbanisation in the medium term.
The country will continue to benefit from its integration into the global supply chain, foreign direct investment attraction and a rapid growth rate in manufacturing.
Echoing Djandji’s views, Phil Witherington, Chief Financial Officer at Manulife insurance company, said although the resurgence of COVID-19 might cause short-term impacts, the Vietnamese market’s potential in the long-term remained robust and stable. 
The Vietnamese Government had taken essential steps and worked with firms to protect workers and customers in Việt Nam, as well as exerted efforts in economic development.
He went on to say that Việt Nam was among countries seeing economic success in the region and one of Manulife’s largest markets in Southeast Asia.
With a projected population of 120 million people by 2050, Việt Nam is viewed as an attractive destination for Canadian businesses. In addition to trade, cooperation opportunities have emerged in other fields of investment, financial services and infrastructure development, among others.
The country posted a gross domestic product growth rate of 5.64 per cent in the first half of this year.
Việt Nam’s GDP is forecast to hit 4.8 per cent this year, according to the World Bank. — VNS
Read original article here
Newer News
23/10 Steel producers report strong growth in profits despite COVID-19
21/10 Steel exports surge 78.1 percent in nine months
21/10 Vietnamese rice exporters see great opportunities
18/10 Vietnam to join world's top five seafood processing countries by 2030
15/10 More than $10 billion per year to develop the power sources and grid in the 2021-2030 period
14/10 Vietnam likely to achieve rice export target this year
13/10 Tax cut proposed to stabilise domestic petrol price
12/10 FDI inflow into Vietnam still on upturn trend
08/10 Vietnam works towards responsible, sustainable fishery sector
06/10 Vietnam’s GDP growth may reach 8 percent in 2022: DBS
Older News
08/09 Public investment capital disbursement remains slow
06/09 Việt Nam's steel sales increase due to exports
06/09 Canadian businesses believe in Vietnam’s medium-term economic outlook
01/09 Standard Chartered Vietnam increases charter capital, reinforcing its local commitment
30/08 Vietnam posts 3.71 billion USD in trade deficit in eight months
25/08 Vietnam forecast to grow by 4.8 percent in 2021: World Bank
24/08 MoIT sustains anti-dumping duty on Malaysia’s H-shaped steel
23/08 FDI companies raise concerns over supply chain disruptions ​​​​​​​
20/08 Minister: slow public capital disbursement could cause loss of economic opportunities
18/08 Vietnam strives to keep CPI growth low by end of 2021
Newsletter Signup
Top Stories
Transport ministry allows increase of domestic flight frequency from October 21
VIC: Vinfast & Europe's AUTOBEST enter new strategic partnership
Energy stocks benefit from higher oil prices
Vietnam’s GDP up 1.42 percent in nine months
VCS: Vicostone's Q3 pre-tax profit estimated to reach 80% of yearly target
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,385.40 -3.84/-0.28%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.