HCM City’s economy shows signs of recovery

HCM City ’s economy is beginning to show signs of recovery as its GDP for the first nine months of the year recorded at 221.5 billion VND, up 6.1 percent compared with the same period last year.

PM stresses major socio-economic tasks for 2010

Prime Minister Nguyen Tan Dung has urged ministries, agencies and localities to concentrate resources on economic recovery, with the aim of obtaining a higher GDP growth rate, at 6.5 percent, than that of 2009, and ensuring rapid and sustainable development in the coming years.

Retail sector remains economic bright spot

Against the backdrop of industrial production value and exports plunging sharply in the last eight months, Vietnam’s retail sector saw products flying off the shelves, attaining a growth rate of 18.4 percent.

According to the latest report from the General Statistics Office, the country’s revenue from the retail and services sector totalled 743 trillion VND in the reviewed period.

Industrial production value continues to grow

Vietnam posted an increase of 5.6 percent in its industrial production value to top 443 trillion VND in the past eight months of this year, according to the General Statistics Office (GSO).

MPI predicts positive developments for national economy

The national economy will see positive developments in the second half of the year although its major industries have experienced sharp decreases in the first half due to the global financial crisis and economic recession, according to the Ministry of Planning and Investment (MPI).

Strong growth possible in hard times, experts say

In the view of economic experts, local businesses are enjoying a prime opportunity to sharpen their competitive edge in both local and foreign markets despite challenges presented by the global economic crisis and the national economic slowdown.