Vietnamplus

Prime Minister Nguyen Xuan Phuc has suggested the northern midland province of Phu Tho develop tourism into an economic spearhead in the time ahead.

Prime Minister Nguyen Xuan Phuc suggested the northern midland province of Phu Tho develop digital, night-time and urban economies during a teleconference with its leaders on July 28.

Cambodia attracted a total of 3.84 billion USD worth of construction investment in the first half of 2020, up 13 percent from the 3.39 billion USD recorded in the same period last year.

Fitch Solutions have revised up its 2020 real GDP growth forecast for Vietnam slightly to 3 percent, from 2.8 percent previously.

A development strategy is being drawn up for the building material industry for 2021-2030, with a vision to 2050, as the management and development of the sector are still facing a number of shortcomings.

The Hoa Binh Construction Group (HBG) has been named in the list of top 10 prestigious construction and building materials companies selected by the Vietnam Report JSC.

The Malaysian Islamic Party’s Central Committee on Economic, Real Estate and Entrepreneur Development has predicted that the country’s GDP growth rate can reach 2.5-3 percent in 2020 despite the COVID-19 outbreak.

The Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet when the COVID-19 pandemic eases.

Nearly 37,600 new firms were formed in Vietnam with a total registered capital of 445.2 trillion VND (19.1 billion USD) in the first four months of this year, down 13.2 percent in number and 18 percent in capital year-on-year due to the COVID-19 pandemic.

Vietnam needed to invest in the digital economy and seize the opportunities it provided to improve labour productivity.

Ho Chi Minh City’s gross regional domestic product (GRDP) has been estimated at 335.6 trillion VND (14.26 billion USD) in the first quarter of 2020, up 0.42 percent year-on-year.

More measures and policies should be introduced to support enterprises, especially small and medium-sized enterprises (SMEs), in the context of a growing number of businesses temporarily ceasing operations due to the COVID-19 pandemic, economists have said.

The COVID-19 epidemic has affected the Vietnamese economy, including the construction sector.

The Cambodian Ministry of Land Management, Urban Planning and Construction said the construction industry in the country remains stable despite a serious downturn facing many sectors globally due to impact of COVID-19.

Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarter last year, comprising public debt (government and central bank) of 202.9 billion USD, and private debt, including state-owned enterprises, of 201.4 billion USD.

The Cambodian Government aims to transform Sihanoukville, the capital of Preah Sihanouk province, into Cambodia’s industrial hub – a “second Shenzhen city”, Secretary of State at the Ministry of Economy and Finance Vongsey Vissoth said.

The Cambodian economy is projected to expand 6.1 percent this year, lower than the growth rate of 7.1 percent recorded in 2018, due to external headwinds, said Secretary of State of Cambodia’s Ministry of Economy and Finance Vongsey Vissoth on January 30.

Vietnam reported an economic growth of 7.02% this year, higher than the annual target of 6.6-6.8% set by the National Assembly.

A teleconference between the Government and localities is scheduled to take place on December 30 and 31 under the chair of Prime Minister Nguyen Xuan Phuc.

Vietnam’s gross domestic product (GDP) increased 7.02 percent in 2019, marking the second straight year the economic growth rate topping 7 percent since 2011, according to the General Statistics Office (GSO).