The typhoon's impact is expected to be felt more clearly in the northern regions towards the end of the third quarter and the start of fourth quarter, leading to reduced output and damage to manufacturing, agriculture, and service facilities.
Vietnam is striving to promote the development of a green economy across all sectors, but to advance further on this journey, it is necessary to swiftly complete a comprehensive and clear green taxonomy.
Mr. Frederick Chin, Head of Group Wholesale Banking and Markets at UOB, shares his insights with VET/ VnEconomy into the impressive growth of ASEAN and Vietnam and highlights their increasingly important roles in the global supply chain.
Mr. Heng Koon How, Executive Director, Head of Markets Strategy at UOB, discusses Vietnam’s continued economic recovery and how it will greatly benefit from the regional landscape.
With its growth rate maintained for many consecutive years, despite Covid-19 and the global economic recession, Vietnam is greatly appreciated by international investors for its economic prospects within ASEAN.
Amidst a global downturn in foreign direct investment (FDI), ASEAN has consistently bucked the trend, marking its third consecutive year of growth. This sustained increase underscores ASEAN's position as a key destination for FDI.