Prime Minister Pham Minh Chinh has affirmed that Singapore is one of the effective and practical partners of Vietnam in the region, especially in economy, trade, investment and education-training.
Vietnam is an important economic partner of Singapore in the region and Singapore wishes to further develop its strategic partnership with Vietnam, said Deputy Prime Minister and Coordinating Minister for Economic Policies of Singapore Heng Swee Keat.
Vietnam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be paid to promoting exports and putting imports under control.
Digitalisation is key to Vietnam's economic recovery and crucial to Vietnamese firms' ability to compete and create value, said policymakers and business experts at a conference on December 15 discussing how the country's economic policies can help foster creativity and innovation among the business sector.
Many foreign businesses have expressed their hope for better business and investment environment in Vietnam, especially consistent policies on economic development.
Priorities in Asia’s trade and economic policies in 2020 were the focus of a workshop which was held late October in Jakarta, Indonesia, attracting the participation of Indonesian and foreign economists and scholars, besides Indonesian policy makers and foreign diplomats.
The Party Central Committee’s Economic Commission in collaboration with relevant agencies on September 3 launched a campaign urging enterprises and entrepreneurs to give their opinions on improving policies and mechanisms for economic development.
Competent authorities should give top priority to stabilising the macro-economy and applying flexible macro-economic policies to cope with disadvantageous developments of the regional and world economies, heard a seminar held by the Central Institute for Economic Management (CIEM) in Hanoi on July 12.
The target of keeping the country's inflation below 4 percent is feasible, experts said at a recent seminar held in Hanoi by the Institute of Economics and Finance (IEF) under the Academy of Finance.
Prime Minister Nguyen Xuan Phuc signed Directive No. 13/CT-TTg on sustainable development on May 20, asserting that sustainable development is a consistent policy of the Party and State of Vietnam.
Experts have held that the economy is highly likely to continue the momentum created last year to achieve a breakthrough in 2019, but they also warned that there will be quite a few difficulties.
The Vietnamese Government hopes to receive consultancy from the International Monetary Fund (IMF) to better its security market, price regulation and macro-economic policies, Deputy Prime Minister Vuong Dinh Hue has said.
The Government has highlighted the need to strengthen macro-economic foundation and control inflation in a resolution recent released at its regular monthly meeting.
As a country engaged in the development of the global value chain, Vietnam is likely to be affected by the US-China trade war, stated Minister of Industry and Trade Tran Tuan Anh.
Deputy Prime Minister Vuong Dinh Hue met with US enterprises during his visit to the US from June 25-27 to introduce Vietnam’s external and macro-economic policies, economic reform and investment attraction mechanisms.
Vietnam’s economy had a good start in 2018 with a 7.38 percent GDP growth in first quarter, but experts warn of challenges and risks ahead in the remaining of the year as well as following years.
Industry is forecast to lead all sectors in terms of growth at 6.87 percent each in the first quarter of 2018, according to the National Centre for Socio-Economic Information and Forecast (NCIF).
Financial policies must be kept stable in order to help firms feel secure while conducting production and business activities, said Prime Minister Nguyen Xuan Phuc.
Politics
