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Industry 4.0 to boost Vietnam’s GDP to 16 percent

Business

Industry 4.0 to boost Vietnam’s GDP to 16 percent

The Fourth Industrial Revolution, also known as the Industry 4.0, has the potential to bolster Vietnam’s economic output by a further 28.5-62.1 billion USD, equivalent to the GDP growth of 7-16 percent by 2030, according to a report by the Central Institute for Economic Management (CIEM).

Nearly 87,500 firms enter market in eight months

Business

Nearly 87,500 firms enter market in eight months

Some 87,448 new enterprises were established in the first eight months of the year, registering a total registered capital of 878.6 trillion VND (37.7 billion USD), a year-on-year increase of 2.4 percent in number of firms and 6.9 percent in capital, according to the General Statistics Office (GSO).

First-half GDP expands 7.08 percent, hitting 8-year high

Business

First-half GDP expands 7.08 percent, hitting 8-year high

Vietnam’s gross domestic product (GDP) expanded 7.08 percent in the first half of the year, marking the highest rate since 2010, fueled by robust expansion of the industrial and construction sector and service sector, according to the General Statistics Office (GSO).