Laos’ economy is projected to expand by 3.8 percent in 2022, down from the 4.5 percent growth rate predicted in October last year, and 3.3 percent in the downside scenario, according to the World Bank’s latest report.
The 2021 Vietnam Annual Economic Report entitled “Repositioning Vietnam in the Global Dynamics” was unveiled on July 29 by the Vietnam National University - University of Economics and Business.
Promoting the development of science and technology as well as digital economy is a wise choice for Vietnam to achieve an annual average economic growth rate of 7 percent during 2021-2030, according to experts.
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).
With a GDP expansion of 7.31 percent in the third quarter, the growth target of 6.6 – 6.8 percent for 2019 set by the National Assembly is achievable and likely to reach 7.05 percent.
The Prime Minister's working group said on August 22 that ministries had drastically cut business conditions and administrative procedures in order to facilitate businesses’ activities, but more still needs to be done.
“Vietnam needs to acknowledge its economic shortcomings. It needs to maintain stable and high economic growth before becoming the so-called dragon or tiger,”
How to capitalise on the advantages and opportunities created by economic integration and make breakthrough from growth drivers were the main themes of an economic conference held in Ho Chi Minh City on March 12.
The second Indochina Retail Technology and Innovation Summit, a conference focusing on retail technology, is taking place in Ho Chi Minh City on March 7.
Malaysia posted a gross domestic product (GDP) growth of 4.7 percent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 percent in 2018, Bernama news agency reported.
Vietnam’s economy grew at a fast pace in the first half of 2018 compared to the previous years, but there are indications that it is losing momentum – a problem not only in the last half of the year but also in 2019 and 2020.
Permanent Deputy Prime Minister Truong Hoa Binh has urged the northern mountainous province of Tuyen Quang to further promote infrastructure development, personnel training and administrative reform in order to attract more big and strategic investors to the locality.
Prime Minister Nguyen Xuan Phuc emphasised the need to ensure the quality of growth and people’s living standards at the same time while addressing the Cabinet’s meeting in Hanoi on April 2.
Indonesian Minister of National Development Planning Bambang Brodjonegoro has believed that the country’s economic growth rate will be higher than the ADB’s forecast of 5.1 percent.
Chairwoman of the Lao National Assembly Pany Yathotu was warmly welcomed on July 4 in Son La, a selected venue for major events marking the 2017 Vietnam-Laos Solidarity and Friendship Year.
Indonesia posted a slower economic growth in the fourth quarter of 2016 and the country will have to struggle to get the rate above 5 percent this year.
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