Focus: Trade Policy Shifts: With the risk of an escalating trade war and unpredictable tariff policies under U.S. President Donald Trump, exporters in Vietnam are anxiously racing to get prepared. Strategies range from diversifying supply chains to expanding into new markets, all aimed at mitigating potential impacts.
Inside Vietnam
Striving For Growth Of Over 8%: The Government looks determined to achieve economic growth of over 8% this year. While supporting this growth scenario, the National Assembly Standing Committee has also urged the Government to take appropriate inflation control measures to avert significant impact on macroeconomic stability, people’s livelihoods, and business costs.
Credit-Driven Growth: It is undeniable that Vietnam’s economic growth is increasingly reliant on monetary policy, while the effectiveness and ripple effects of fiscal policy have yet to fully materialize as expected. However, dependence on credit expansion could pose significant risks to the economy.
Navigating The Risk Of Trade War: Free trade agreements (FTAs) can indeed serve as a detour, allowing exporters in Vietnam to navigate trade war risks safely in the future. However, not all businesses are aware of this or have necessary conditions to take this route, said Dr. Nguyen Thi Thu Trang, director of the WTO and Integration Center (VCCI), in an interview with The Saigon Times.
Business
Stocks Slip As Trade War Concerns Mount: The VN-Index of the Hochiminh Stock Exchange (HOSE) lost nine points in the first trading session of the week on February 10. This was a sharp turn in momentum as liquidity surged to its highest level in over two months. With uncertainty rising, concerns over a global trade war remain the biggest worry for investors.
Country-Of-Origin Fraud: The U.S. administration is ramping up import tariffs, raising concerns that Vietnam could become a transshipment point for goods that avoid high U.S. tariffs.
Living
A Cuban-Vietnamese Love Story: On the busy Tran Phu Street in District 5, HCMC, among the secondhand bookshops, sits a humble banh mi cart. Behind it is a couple whose love story transcends continents and cultures.
A Springtime Journey To Ban Gioc Waterfall: Nestled along the Vietnam-China border, Ban Gioc Waterfall in Trung Khanh District, Cao Bang Province, is renowned as one of Vietnam’s most breathtaking natural wonders. It is also the fourth largest transnational waterfall in the world. Cascading from a height of over 60 meters, the falls create a mesmerizing spectacle with a steepest drop of 30 meters.
Travel
Exploring Thac Ba Lake With 1,300 Islands: Located in Yen Binh and Luc Yen districts of Yen Bai Province, Thac Ba Lake is one of Vietnam’s largest artificial lakes. Viewed from above, the lake impresses with its 1,300 lush green islands, creating a mesmerizing natural landscape.
Savoring Muscovy Duck Meat Patties: Muscovy duck meat patties, skillfully prepared by the people of Hanoi, have become a beloved dish in the city’s rich culinary tradition.
