
Vietnam’s High GDP Growth Rate Masks Its Economic Difficulties
Le Hong Hiep
The Vietnamese economy enjoyed solid growth in 2022. But the headline GDP growth figure belies underlying weaknesses in the economy.
Le Hong Hiep
The Vietnamese economy enjoyed solid growth in 2022. But the headline GDP growth figure belies underlying weaknesses in the economy.
Le Hong Hiep|Phan Xuan Dung
Private firms in Vietnam have played a pivotal role in helping the country recover from the Covid-19 pandemic. There are, however, other reasons to explain their corporate social responsibility.
Le Hong Hiep|Phan Xuan Dung
Private conglomerates in Vietnam have registered strong interest in Prime Minister Pham Minh Chinh’s plan to build at least one million social housing units by the end of the decade. Attainment of the ambitious goal, however, remains doubtful.
Joe Buckley
On paper, gig workers appear to be paid more than their salaried worker counterparts in Vietnam. But the former have to work for longer hours and do not have access to the same benefits enjoyed by the latter. As such, the proposed raise in minimum wage should be applied to gig workers too.
Le Hong Hiep
Recent speculation that Vietnam’s richest man, Vingroup chairman Pham Nhat Vuong, might get in trouble with the authorities is probably overwrought. Nevertheless, Hanoi’s anti-corruption campaign means Vietnam’s business owners must tread carefully in their search for profit.
Joe Buckley
Collective strikes by app-based drivers in Vietnam are using strategies previously employed by workers from more traditional sectors. As petrol prices rise, the heat is on the app companies to respond to growing demands for change.
Joe Buckley
There has been a vigorous debate in Vietnam as to whether drivers for digital platforms are workers or contractors. They should be classified as the former.
Le Hong Hiep
Vietnamese Prime Minister Pham Minh Chinh had a successful trip to Washington, which should go some way to advance Hanoi's foreign policy goals and domestic priorities.
Le Hong Hiep|Phan Xuan Dung
High vaccination rates have given Vietnam some latitude in opening up its economy — and some optimism for better GDP growth in 2022.
Ivan V. Small
Vietnam’s car maker VinFast is by-passing China and launching its electrical vehicles in the highly-competitive United States market instead. In so doing, it hopes to makes its mark as a global brand.