The Indonesian government has set an economic growth target of 5.6 percent in 2020, up from the 5.3 percent targeted this year, said Coordinating Minister for the Economy Airlangga Hartarto.
Cambodia has succeeded in implementing an effective FDI-led development strategy, achieving 7 percent in GDP growth rates accompanied by rapidly falling poverty rate, according to the World Bank (WB).
Despite Vietnam’s rise in the global competitiveness index, further reforms are needed to achieve economic targets set by the Government, speakers said at a workshop in Ho Chi Minh City on October 24.
The Ministry of Industry and Trade (MoIT) will ensure the supply-demand balance of essential commodities for the Tet (Lunar New Year) of 2020 and implement a programme on keeping goods in stock for market stabilisation.
The National Assembly Standing Committee spent the whole day discussing reports evaluating the implementation of the socio-economic development plan and State budget in 2019 during the ongoing 38th session in Hanoi on October 15.
Singapore has surpassed the US to become the most competitive economy in the World Economic Forum (WEF)’s latest Global Competitiveness Report, which was released on October 9.
In the 2016-2020, Vietnam’s economic growth has improved and gradually recovered compared to the 2000-2010 period but still has yet to reach the strategic target.
The State Bank of Vietnam (SBV)’s reference interest rate cut will allow credit institutions to access capital from central bank at a lower cost and stablise their own rates.
The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions.
'Vietnam's participation in new-generation free trade agreements, such as CPTPP and EVFTA, will increase the opportunities for foreign investors to access partners in trade agreements.'
More than 40 companies have lined up to raise about 30 trillion Rp (2.2 billion USD) in fresh capital through initial public offerings (IPO) and bond and rights issuances through the Indonesia Stock Exchange (IDX) within the next few months, according to the Financial Services Authority (OJK).
The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May.
The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings.
The consumer price index (CPI) between January and May increased by 2.74 percent from the same period last year – the slowest five-month pace over the last three years, according to the General Statistics Office (GSO).
The overall inflation hikes much higher than the core inflation, mainly due to increased fuel and electricity prices. However, the core inflation inched up by only 1.85 percent in the first five month
Vietnam’s socio-economic situation in April 2019 witnessed many positive signs with macroeconomic stability and surging aggregate demand, Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on May 4.
Indonesia’s external debt remained under control at healthy levels, apparent from its about 37 percent external debt-to-Gross Domestic Product ratio at the end of February, relatively unchanged from the earlier month and within the average of peer nations, according to a statement from the Bank Indonesia (BI).
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