Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.
Prime Minister Nguyen Xuan Phuc has asked for stronger efforts from sectors to promote macroeconomic stability and control inflation towards fostering sustainable and comprehensive economic growth.
Prime Minister Nguyen Xuan Phuc received Kevin McAllister, Executive Vice President of the US’s Boeing Company and President and Chief Executive Officer of Boeing Commercial Airplanes, in Hanoi on February 27.
Head of the Party Central Committee’s Economic Commission Nguyen Van Binh has suggested that the World Bank (WB) continue providing Vietnam with capital and technical support and have a mechanism for the country’s ‘graduation’ from international development assistance (IDA) sources to maintain its sustainable achievements in socio-economic development and poverty reduction.
The Vietnamese Government has paidconsiderableattention to Samsung’s investment projects in Vietnam and will continue to create favorable conditions for the firm to successfully do business in the country, Prime Minister Nguyen XuanPhuc told an official from Samsung on January 11.
Commercial banks have consecutively lowered the value of the US dollar against the Vietnamese dong during the final days of 2018, helping the USD/VND exchange rate close the year under control.
Prime Minister Nguyen Xuan Phuc and his economic advisory team discussed measures to tackle shortcomings and realise the 7-percent growth target set for 2019 at a session in Hanoi on December 22.
Work to be done in December needs to ensure socio-economic goals set for 2018 are accomplished or exceeded to create a springboard for the implementation of 2019 plan, said Prime Minister Nguyen Xuan Phuc.
The Ho Chi Minh City Economic Forum (HEF) 2018 took place November 23, focusing on the role of businesses in creating an innovative and interactive urban area.
More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.
The Central Institute for Economic Management (CIEM) has forecast Vietnam’s economy growth for 2018 may be at 6.88 thanks to positive socio-economic results in the first nine months of this year.
Vietnam ranked 77th out of 140 countries in the latest Global Competitiveness Report, released by the World Economic Forum (WEF) on October 17.
Authorities need to closely control the rapid increase in Vietnam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.
Prime Minister Nguyen Xuan Phuc had meetings with representatives from leading infrastructure and financial enterprises of Japan on October 9 as part of his activities on the sidelines of the 10th Mekong-Japan Summit in Tokyo.
The average consumer price index (CPI) in the nine months of 2018 rose by 3.57 percent year on year, compared to the 4.14-percent growth in the same period last year, according to the General Statistics Office (GSO).
Japan is one of the top economic partners of Vietnam, affirmed Prime Minister Nguyen Xuan Phuc at a reception for special advisor to the Japan-Vietnam Friendship Parliamentary Alliance Tsutomu Takebe in Hanoi on September 7.
Vietnam’s socio-economic performance in July continued to see positive developments with equal growth in all the three sectors, namely macro economy, industrial production and services.
The outlook for Vietnam’s economic growth in 2018 is quite bright thanks to positive economic performance in the first quarter, said Tran Quoc Phuong, Director of the Ministry of Planning and Investment's National Economic Issues Department.
