Vietnam is unlikely to reach its target of 1 million enterprises with efficient operation by 2020, according to a draft report recently issued by the Ministry of Planning and Investment (MPI).
Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1 percent growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.
Vietnam could resume pre-COVID-19 growth levels by next year although the pandemic threw a spanner in the works for the country’s thriving economic growth story, McKinsey & Company said in report published on Consultancy.asia.
The Central Institute for Economic Management (CIEM) said with good results in preventing the pandemic and the chance for economic recovery, Vietnam still needs to be cautious in the second half of the year.
The Malaysian Islamic Party’s Central Committee on Economic, Real Estate and Entrepreneur Development has predicted that the country’s GDP growth rate can reach 2.5-3 percent in 2020 despite the COVID-19 outbreak.
Some Egyptian newspapers, including the Events Magazine News, Al Naasher and The Egyptian Gazette, highly valued Vietnam’s development achievements in recent years in their articles published recently.
Some Egyptian newspapers, including the Events Magazine News, Al Naasher and The Egyptian Gazette, highly valued Vietnam’s development achievements in recent years in their articles published on May 16.
The Government should take the initiative in building short- and long-term scenarios for socioeconomic development and review major targets of the economy for 2020 and 2016-2020, which will be the basis for adjusting targets, law makers said at the NA Standing Committee’s meeting on May 15.
Regardless of the Covid-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia, according to international organisations.
Prime Minister Nguyen Xuan Phuc has called for greater efforts to restart the national economy with the aim of achieving a GDP growth rate of over 5 percent and keeping inflation under 4 percent this year.
In the first four months of 2020, committed foreign direct investment (FDI) amounted to US$12.3 billion, a year-on-year decrease of 15.5%. Surprisingly, the value of FDI commitment rebounded in April, up by 81% over March 2020.
Transnational businesses are considering shifting their facilities, which is a challenge but also a good opportunity for Vietnam, and the country should prepare to welcome a wave of investment, Minister – Chairman of the Government Office Mai Tien Dung said on May 5.
Small and micro enterprises, individual business households are the most vulnerable to the consequences of the COVID-19 pandemic, even financial crisis and economic consequences without timely support.
Vietnam’s GDP growth rate of 3.82 percent in the first quarter of 2020, a record low since 2011, is still a miracle amidst a global economic recession, an official has said.
Millions of Vietnamese labourers in both official and non-official sectors have been affected by the COVID-19 pandemic, figures released by the International Labour Organisation (ILO) show.
Vietnamese Ambassador to Senegal Nguyen Thanh Vinh has presented his credentials to President of the host country Macky Sall, who said he expects stronger cooperation with Vietnam in various aspects.
The acute respiratory disease caused by a novel coronavirus (COVID-19) has highlighted an urgent need for Vietnam to boost its economic restructuring and diversify its markets.
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.
As one of the most dynamic economies in the region, Vietnam's retail market is attractive for many foreign investors, but it can also be challenging at the same time.
One of the fastest economic growth rates in the region, the signing of free trade and investment protection deals with the EU, and the Politburo’s first-ever resolution on foreign investment attraction were among the top 10 economic events of Vietnam in 2019.
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