Vietnam – one of fastest growing economies: WB Business

Vietnam – one of fastest growing economies: WB

Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB).
HCM City speeds up work on first bus rapid transit route Society

HCM City speeds up work on first bus rapid transit route

The Ho Chi Minh City People's Committee has urged the city’s Management Authority for Urban Railways (MAUR), the Management Board for Traffic Works Construction and Investment and relevant agencies to speed up implementation of the first bus rapid transit route (BRT No 1), which will connect with Metro Line No 1.
Vietnam's economy to grow 6.8 percent in 2021: World Bank Business

Vietnam's economy to grow 6.8 percent in 2021: World Bank

Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”.
Measures sought to clear bottlenecks in logistics cost Business

Measures sought to clear bottlenecks in logistics cost

Vietnam has set an annual growth target of 15-20 percent for the logistics sector, making up 8-10 percent of the country’s gross domestic product (GDP). Besides, logistics costs are also expected to reduce, equivalent to 16-20 percent of the GDP.
Ministry seeks ideas on Mekong Delta master plan Business

Ministry seeks ideas on Mekong Delta master plan

The Ministry of Planning and Investment, in coordination with the World Bank, held a conference on November 26 to seek ideas and consultations from leaders of Mekong Delta localities, experts and scientists for the delta’s Integrated Regional Master Plan in 2021-2030 with a vision to 2050.
Forum suggests ways to bolster exports, economic recovery Business

Forum suggests ways to bolster exports, economic recovery

Boosting support for Vietnamese enterprises to capitalise on free trade agreements (FTAs) and engage more deeply in global supply chains is an important solution to fuel post-pandemic exports and economic recovery, the Export Forum 2020 held in Ho Chi Minh City on November 18 heard.
Remittances expected to rebound by year’s end Business

Remittances expected to rebound by year’s end

Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.