The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said.
Lao Prime Minister Thongloun Sisoulith outlined six targets under the country’s Ninth Socio-economic Development Plan for 2021-2025 when addressing the ongoing 11th National Congress of the Lao People's Revolutionary Party (LPRP) in Vientiane on January 13, according to the Vientiane Times.
Thailand's gross domestic product (GDP) growth is forecast at 2.5 percent this year, provided that the government maintains strict measures to contain new COVID-19 infections until February, said Krungthai Compass – a research unit of the Krungthai Bank.
Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.
Prime Minister Nguyen Xuan Phuc, in a meeting with outgoing Singaporean Ambassador to Vietnam Catherine Wong on January 13, highlighted the great success in bilateral trade and investment relations, saying that the Vietnam-Singapore Industrial Park (VSIP) model is a bright spot in the economic ties.
A leading Russian expert on Vietnamese studies expressed his belief in a bright future for Vietnam in an article published in the “Multipolar World” magazine on January 12.
The Rusvesna (Russian Spring) e-newspaper on January 11 ran an article expressing impression on Vietnam’s achievements in economic development, poverty reduction, COVID-19 prevention and control and foreign affairs under the leadership of the Communist Party of Vietnam (CPV).
Vietnam has prepared the best conditions to spur its economic growth as the global economy is grappling with the severe impacts of the COVID-19 pandemic, experts have said.
Ho Chi Minh City’s credit growth amounted to some 2.4 quadrillion VND (104 billion USD) as of the end of 2020, making up nearly 27 percent of the country’s total.
The United Nations Population Fund (UNFPA) recently handed over 6,903 dignity kits to the Central Committee of the Vietnam Farmers’ Union (VFU) in support of women and girls at risk of violence in five central provinces hit by flooding - Thua Thien-Hue, Quang Tri, Quang Ngai, Nghe An, and Thanh Hoa.
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. The following are the ten outstanding events as selected by the Vietnam News Agency.
Construction of the National Innovation Centre (NIC) officially kicked off in Hanoi on January along with the opening of an international exhibition displaying the year’s leading innovations.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.
Indonesia’s economic recovery should not only depend on government spending as it will not be sufficient to compensate for the slowing economic activity caused by the COVID-19 pandemic, Finance Minister Sri Mulyani Indrawati has said.
Indonesia’s budget deficit in 2020 reached 956.3 trillion IDR (68.6 billion USD), equivalent to 6.09 percent of the national gross domestic product (GDP), Minister of Finance Sri Mulyani Indrawati has said.
Vietnam has emerged as an economic bright spot with a growth rate of 2.91 percent in 2020, which is attributable to the country’s efforts in containing COVID-19 and timely support policies to people and businesses, international organisations said.
Thailand’s GDP growth could drop below the 3.2 percent baseline projection due to lower foreign arrivals amidst uncertainty regarding COVID-19 vaccine efficiency, and reduced fiscal stimulus, according to the latest minute from the Bank of Thailand’s Monetary Policy Committee (MPC).
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