Keyword: "growth driver"

With a borderline of about 182 km, Lao Cai aims to turn its border gate economic zone into a key growth engine by adopting a smart border gate model, viewing this as a breakthrough measure for improving management efficiency, reducing logistics expenses, and enhancing customs clearance capacity.

Themed “Hoa Ban – Khat vong Dien Bien,” the festival was a highlight of the Dien Bien Culture and Tourism Week running from March 6 – 12. The annual event celebrated the beauty of the iconic Ban flower and promoted the culture, history and tourism potential of the Northwestern region.

With total import-export revenue reaching 920 billion USD in 2025, Vietnam has officially entered the world’s top 15 economies in terms of international trade, marking a significant milestone in national development after decades of global economic integration and 40 years of Doi moi (Renewal). International trade has become a key driver of Vietnam’s economic growth.

Public investment is currently still an important growth driver, which needs to be accelerated so as to help the economy achieve a 6.5% growth this year, according to insiders.

To attract new investment inflows, especially foreign capital, Vietnam needs to have an appropriate and attractive investment policy and friendly business environment, said insiders.

The non-State sector is playing a greater role in the economy with its proportion in the society’s total investment rising fastest among all economic sectors’.

Standard Chartered Bank expects Vietnam’s GDP growth to accelerate to 6.9 percent in 2016, higher than its previous forecast of 6.6 percent.