What Vietnam has achieved in the last three decades, and what it is on course to achieve in the future, makes the country a good candidate for low- and middle-income countries in Africa to partner with for shared prosperity, according to a recent article by theafricareport.com.
Vietnam’s economy this year is forecast to continue facing difficulty, making the goal of a GDP growth rate of 6.5% a challenge that requires joint efforts from the government, the business sector and the public.
While sustainable smart cities are considered a solution to sustain international business investments, for Việt Nam experts have advised local cities and provinces to prioritise building them to attract FDI.
The Ministry of Planning and Investment (MPI) is coordinating with relevant ministries, sectors and localities to study and build a programme on economic recovery and development in association with improvement of the economy’s internal capacity and self-reliance by 2023, with a goal to achieve an annual average GDP growth rate of 6.5-7 percent during 2021-2025.
Vietnam’s GDP is expected to expand by about 4.8 percent in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5 to 7 percent from 2022 onward, the World Bank has forecast.
Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year.
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.
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.
International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.
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.
A teleconference between the Government and localities is scheduled to take place on December 30 and 31 under the chair of Prime Minister Nguyen Xuan Phuc.
Reuters and Regnum highlighted Vietnam's economic performance, while Bloomberg said Vietnam has really made a more-than-expected breakthrough and is expected to continue to grow rapidly.
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.
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 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.
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