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Update news vietnam economy
2024 was a year of contrasts for Vietnam’s economy, from sluggish real estate recovery to billion-dollar investments by firms like NVIDIA and Foxconn.
Land resource waste has plagued Vietnam for decades, rooted in ineffective management and systemic inefficiencies. Addressing this issue is crucial for sustainable development.
For many years, Vietnam has been following a ‘stabilizing in order to develop’ approach and has succeeded, but it is now time to switch to ‘developing in order to become stable’.
On the 27th anniversary of VietNamNet, founding editor-in-chief Nguyen Anh Tuan discusses the publication’s legacy, the need for transformative governance, and the role of innovation in shaping Vietnam’s future.
The global economy in 2025 faces uncertainty under Trump’s policies, with inflation risks, surging gold prices, and potential economic bubbles.
Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.
Recent legislative changes, a breakthrough mindset to remove bottlenecks and simplify administrative procedures for investors, will take effect in early 2025, potentially unleashing long-blocked resource potentials, he stressed.
Vietnam’s ambitious efforts to streamline its government apparatus and reform institutions are setting the stage for robust economic growth in 2025 and beyond.
Vietnam’s economic landscape is poised for robust growth, with experts forecasting the possibility of a remarkable two-digit expansion in the coming time, driven by foreign direct investment (FDI) and technological advancements.
Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.
Vietnam is a success story in hunger elimination and poverty reduction and is ready to share its experiences. However, Vietnam has not been going alone.
Standard Chartered highlighted the nation’s positive but cautious outlook ahead in 2025, forecasting GDP growth of 6.7% next year, with growth easing from 7.5% on-year in the first half to 6.1% in the second half.
The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.
Prime Minister Pham Minh Chinh on December 9 issued a directive to push ahead with the implementation of the national green growth strategy for 2021 - 2030 with a vision to 2050, a bold step to deliver on the carbon neutraility target.
Despite decades of high growth, Vietnam remains at risk of falling into the middle-income trap, highlighting the need for visionary leadership and innovative policies.
General Secretary To Lam and the Party Central Committee are spearheading a groundbreaking initiative to streamline Vietnam’s political apparatus and modernize governance.
A staggering 70% of Vietnam's state budget is locked in regular expenses, threatening future development. General Secretary To Lam's push for reform seeks to address this financial strain.
The path forward for Vietnam lies in a new era of growth, driven by unity, strong leadership, and the strategic management of national talent, as outlined by General Secretary To Lam.
Vietnam’s growing appeal as an FDI hub is underscored by Elon Musk’s $1.5 billion SpaceX investment and Trump Organization’s planned real estate venture.
As the Party Secretary General, his speech is a wake-up call that urges people to take actions, an order that must be implemented without any delay, and a flag for us to follow and go ahead.