Measures suggested to boost GDP growth amid COVID-19
The General Statistics Office (GSO) has proposed the Government prioritise effective pandemic prevention and control, and continue aid packages for enterprises in a bid to boost GDP growth given difficulties caused by COVID-19.
Illustrative photo (Source: VNA)GSO Director General Nguyen Thi Huong advised domestic firms to closely work with multinational foreign direct investment (FDI) businesses like Samsung and Toyota to seek material suppliers in Vietnam capable of fulfilling their needs in both short and long terms.
Vietnam’s gross domestic product (GDP) declined by 6.17 percent year-on-year in the third quarter, the sharpest drop since the country began announcing its quarterly GDP figures in 2000.
However, the overall GDP expanded by 1.42 percent in the first nine months of 2021 from the same period last year, marking a great success of the country in the fight against the COVID-19 pandemic and maintaining production and business amid the prolonged period of social distancing in many provinces and cities.
During the period, the agro-forestry-fishery sector posted an expansion rate of 2.74 percent, contributing 23.52 percent to the overall growth; with the figures for industry and construction being 3.57 percent and 98.53 percent, respectively.
GSO General Director Nguyen Thi Huong. (Photo: VNA)Notably, when the world demand in the last months of the year tends to increase, Vietnam will have the conditions to strive for the highest possible growth amid its combat against the epidemic, the official noted./.
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
