Revise GDP goal despite Q3 bump: experts Business

Revise GDP goal despite Q3 bump: experts

Economic growth this year would climb up to 6 percent on the back of recovery signs shown in the third quarter, falling short of the 6.7 percent target set by the Government.
Business

Deputy PM: restructuring necessary for economic growth

Vietnam will continue to accelerate its economic restructuring and growth model shifting to increase its competitiveness and stimulate growth in 2015, stated Deputy Prime Minister Hoang Trung Hai.

In an interview granted to the Vietnam News Agency on the country’s economic prospects and 2015 agenda, the Deputy PM said that 2014 achievements, including stable macro-economy, low inflation, consistent exchange rates, and decreased interest rates, will be the driving force of economic development this year.
Business

Can Tho improves economic competitiveness

After 10 years operating as a centrally governed city, Can Tho has overcome plenty of challenges to achieve socioeconomic development successes. Vietnam Business Forum interviewed Le Hung Dung, Vice Chairman of Can Tho People’s Committee, on remarkable achievements the city has made in the past 10 years as well as economic development orientations and solutions the city plans for upcoming years.
Politics

PM Dung presents Government’s report at National Assembly

Prime Minister Nguyen Tan Dung presented the Government’s report on the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan 2011-2015 and the tasks for 2014-2015, on the first day of the 6 th session of the 13 th National Assembly, which opened in Hanoi on October 21.
Business

Vietnam’s five years in WTO: slow economic shift

Since Vietnam joined the World Trade Organisation (WTO) five years ago, it has enjoyed many benefits, such as better import-export market access and increasing foreign direct investment. However, the country has faced numerous challenges, said economic experts.

The country’s economic growth rate reached an average of 6.5 percent per annum between 2007 and 2011, or the post-WTO period. The figure was much lower than the 7.8 percent level recorded from 2002-2006 and far below the 7.5-8 percent target.