Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.
The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter thanks to the activeness of the business community and the Government’s efforts to remove obstacles facing enterprises, held economist Nguyen Bich Lam who is former Director General of the General Statistics Office.
The consumer price index (CPI) in the first quarter of 2020 rose by 5.56 percent, the highest increase during the 2016-2020 period, Director of the General Statistics Office (GSO) Nguyen Bich Lam said.
Vietnam’s gross domestic product (GDP) in the first quarter of 2020 grew 3.82 percent, the lowest pace during the 2011-2020 period, head of the General Statistics Office Nguyen Bich Lam said at a press conference in Hanoi on March 27.
The European Union-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), scheduled to become effective in July, will help improve Vietnam’s business and investment climate and boost its institutional reform, thus contributing to fostering its growth in a long term, according to an official.
The revision of the size of Vietnam’s gross domestic product (GDP) for 2011-2017 is in line with international practices and serves as a foundation for the country's development path in the next 10 years, an official has said.
The Government needs to establish a national strengthening productivity committee to better labour productivity, thus promoting the economic growth, said Director General of the General Statistics Office of Vietnam Nguyen Bich Lam on August 7.
Minister of Planning and Investment Nguyen Chi Dung has stressed the urgent significance of improving labour productivity in promoting growth, overcoming the middle-income trap, avoiding falling behind and narrowing down development gap with other countries.
The nation's total revenue from retail sales and services saw a significant growth of 11.5 percent to more than 23.9 quadrillion VND (nearly 102 billion USD) in the first half of this year.
Improved exports in March helped Vietnam gain a trade surplus of 536 million USD in the first quarter after running deficits in the first two months, the latest update from the General Statistics Office (GSO) revealed.
The consumer price index (CPI) in March fell 0.21 percent from the previous month, which was largely driven by lower prices in seven of the 11 groups of consumer goods and services.
Lower prices in seven of the 11 groups of consumer goods and services helped drag the consumer price index (CPI) in March down by 0.21 percent from last month, according to the General Statistics Office (GSO).
Director General of the General Statistics Office (GSO) Nguyen Bich Lam has affirmed that a project on unobserved economy statistics will serve as an important reference for the statistics sector to refine its expertise up to international practices.
The General Statistics Office (GSO) will continue improving the quality of its statistics and increasing information sharing with ministries and sectors, thus better serving the Government’s management over the macro-economy and socio-economic development, GSO General Director Nguyen Bich Lam said.
The 2019 national population and housing census will cover more than 95 million people and 25 million households, said Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
A statistical project on measuring the non-observed economy, including underground and illegal economies, will be proposed to the Prime Minister for approval this year.
Vietnam’s industrial production index grew 9.4 percent in 2017, well above the growth of 7.4 percent in the previous year, driven by strong expansion in manufacturing-processing (14.5 percent).
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