Vietnamplus

The Japan External Trade Organisation (JETRO) opened “GOOD GOODS Japan 2019” in Hanoi on September 27 to create trade connections between Japanese and Vietnamese enterprises.

Some members of the national financial and monetary policy advisory council have pointed out certain problems in the economy, warning that failure to address them would not only make faster growth unachievable but also decelerate economic expansion.

There would be no success if no effort is made to renovate the mindset, actively build economic development methods, and reform mechanisms and policies, said Minister of Planning and Investment Nguyen Chi Dung.

Vietnam’s total gross domestic product (GDP) increased by 25.4 percent per year for the 2011-17 period after calculation was revised.

There remains much potential for comprehensive cooperation between Vietnam and the US, and both are working hard to promote balanced bilateral trade, heard a forum held in Ho Chi Minh City on September 6.

Applying new technologies is considered an effective way to save energy in industry amidst surging demand and certain problems in power supply, heard a forum in Hanoi on August 21.

Vietnam is on the rise for Australian investors, said an article published on the Australian Financial Review ahead of Prime Minister Scott Morrison’s upcoming visit to the Southeast Asian nation.

The Thai Government is planning an economic stimulus package worth some 10 billion USD to support the second largest Southeast Asian economy that is recording growth slowdown.

A driving force for short-term growth has lost due to the sluggish expansion of public investment, Prime Minister Nguyen Xuan Phuc has said, demanding drastic actions to remove barriers hindering the disbursement of public investment.

The Government should enhance macro-economy stability to strengthen the national economy when risks are yet to appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on July 2.

Prime Minister Nguyen Xuan Phuc chaired a conference reviewing two-year implementation of the Government’s Resolution 120/NQ-CP on climate resilient and sustainable development of the Mekong Delta region.

All public debt indicators were under strict control and fell within the permissible limits set by the National Assembly’s Resolutions as of the end of 2018, according to the Finance Ministry.

Vietnam always welcomes and is willing to create favourable conditions for Russian enterprises to do business and invest in the country, Prime Minister Nguyen Xuan Phuc affirmed.

With the aim of attracting more investment for much-needed infrastructure, Ho Chi Minh City is touting its efforts to become a digital- and knowledge-based economy with a highly skilled workforce.

Prime Minister Nguyen Xuan Phuc chaired a conference on the development of the southern key economic zone on May 6 in Bien Hoa city, the southern province of Dong Nai.

According to experts, the economy is likely to follow the growth momentum of the previous year to record a breakthrough in 2019.

The Philippines’ GDP growth rate for the fourth quarter of 2018 was edged up 6.3 percent from the same period last year, higher than the previous prediction of 6.1 percent, the Philippine Statistics Authority said on April 4.

Prime Minister Nguyen Xuan Phuc has issued Directive 09/CT-TTg, specifying solutions to remove obstacles to production and business activities so as to achieve this year’s growth target.

Hanoi has recorded a GDP growth rate of 6.99 percent in the first quarter of this year, equivalent to the same period in 2018, it was reported at a meeting of the municipal People’s Committee on March 26.

The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).