The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).
The private sector was the main driver of growth for Vietnam in the first nine months this year, a conference held by the Central Institute for Economic Management (CIEM) heard in Hanoi on October 30.
As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.
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.
In the 2016-2020, Vietnam’s economic growth has improved and gradually recovered compared to the 2000-2010 period but still has yet to reach the strategic target.
The industrial production index in the first eight months of 2019 saw good growth of 9.5 percent year on year, according to figures released by the General Statistics Office (GSO).
Vietnam and Cambodia signed a cooperation agreement covering specific collaboration programmes in 28 areas following the 17th meeting of their Joint Committee on Cooperation in Economy, Culture, Science and Technology.
Vietnam’s index of industrial production index (IIP) in May expanded 4.6 percent against the previous month and 10 percent year-on-year, the General Statistics Office said on May 29.
The national industrial production index (IIP) saw a year-on-year increase of 9.2 percent in the first quarter of this year, according to the General Statistics Office (GSO).
Almost all industrial sectors in Hanoi witnessed a decline in their production in February, partly due to the nine-day Lunar New Year holiday, according to the city’s Statistics Office.
Vietnam has recorded considerable achievements in 2018, but Prime Minister Nguyen Xuan Phuc has reminded ministries, sectors and localities to “never rest on their laurels”.
The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.
Contech Vietnam 2018, an international trade fair geared towards the construction, mining, and transportation sectors, kicked off in Hanoi on December 5.
Vietnam may have to import gas from 2020 to produce electricity for the country’s socio-economic development, according to the Ministry of Industry and Trade (MoIT).
The Vietnamese Ministry of Natural Resources and Environment will host the first Regional Congress on Geology, Mineral and Energy Resources of Southeast Asia (GEOSEA 15) on October 16-17.
The Lao Government and Viet Phuong Group (VPG) of Vietnam on September 11 signed a contract for exploiting and processing bauxite ore and building an alumina factory in Sekong province of Laos.
Vietnam’s economy maintained impressive growth in the second quarter this year, according to a macroeconomic report released by the Vietnam Institute for Economic and Policy Research (VEPR) in Hanoi on July 11.
Representatives from Vietnamese and South African enterprises attended a seminar themed “Doing Business with Vietnam 2018”, in Johannesburg city on June 26 as part of the ongoing 25th South African International Trade Exhibition (SAITEX).
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