GDP

Update news GDP

The Covid-19 outbreak in HCM City and neighboring provinces is threatening the livelihoods of people and disrupting production and business chains.

Support for businesses vital for economic recovery

During the current ongoing Covid-19 pandemic, it is of utmost importance that government authorities introduce policies that provide maximum support to keep businesses afloat, and sustain the economy as well.

GDP growth rate high in H1, but many people, businesses still struggling

Vietnam had a positive GDP growth in the first half of the year, and budget collections were beyond expectations. But there is still a dark side to Vietnam’s economy.

Real estate market expected to recover when pandemic is under control

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the virus is under control.

 

Private enterprises lack internal strength and driving force to develop

How will Vietnam overcome challenges to realize its development plans? Nguyen Dinh Cung, former head of Central Institute for Economic Management (CIEM), shares his perspective with VietNamNet.

Will 24 years be enough for Vietnam to become a developed country with high income?

The 13th Party Congress Resolution says Vietnam aims to become a developed country with high income by 2045, when it will celebrate the 100th anniversary of the country's establishment.

Vietnam's path to prosperity

The Vietnam 2035 Report, issued by the Government of Vietnam and the World Bank (WB), points out that if Vietnam doesn’t carry out reform, the average income per capita will be no more than $4,500 per annum by 2035.

Without significant reform, development goals will be difficult to reach

Vietnam needs to design proper solutions and policies to reach its development goals. How will the country overcome challenges to realize its development plans?

Fourth Covid-19 outbreak puts pressure on Vietnam strategic sectors: WB

Several signs suggest slowdown in economic activity if the pandemic is not contained in the short term.

 

Twin goal must be accompanied by vaccination strategy

In the current circumstance, countries that are able to reopen their borders will stand a bigger chance to spur economic growth. Such a chance are worth every effort to be made by Vietnam to grasp it. 

New policies needed to boost Vietnamese private sector

While foreign-invested enterprises (FIEs) have been growing and prospering, Vietnamese enterprises have been developing inadequately because they lack favorable conditions to thrive.

Stock market size hits over 79 percent of GDP

Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to more than 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percent of the country’s GDP at the end of 2020.

Vietnam loses 3% GDP from not employing people with disabilities

An International Labour Organization (ILO) report shows that Vietnam loses 3 percent of GDP by not employing people with disabilities in the labor market.

 

VEPR: Vietnamese economy could grow by 6.3 pct in 2021

The Vietnamese economy could grow by about 6-6.3 percent in 2021, said chief economist Pham The Anh from the Vietnam Institute for Economic and Policy Research (VEPR) 

The Minister of Industry and Trade's role in the country’s route towards industrialization

Newly appointed Minister Nguyen Hong Dien on April 12 more than once mentioned the spirit of "making every effort" and "learning with humility" at a conference on implementing the Party and State’s resolutions on personnel work.

Services sector expected to expand by 7-8 percent this decade

Vietnam’s services sector is targeting a growth rate of 7-8 percent in the 2021-2030 period, higher than the economy’s average growth rate, and eyeing to account for 50 percent of GDP by 2030.

Da Nang to develop international finance centre

The People’s Committee of central Dang Nang city and the Import-Export Pan Pacific Group (IPPG) has signed a Memorandum of Understanding (MoU) on the development of an international and regional finance centre to attract investors in the future.

Inflation not a source of concern for Vietnam: SSI

Vietnam’s consumer price index (CPI) is set to average 2.89% in 2021, below the government’s target of 4%.

Vietnam set to become second largest economy in Southeast Asia

Vietnam aims to become the second largest economy in Southeast Asia by 2030 thanks to its sound economic performance, Prime Minister Nguyen Xuan Phuc has said.

Vietnam GDP growth set to rebound to 6.6% in 2021: WB

Vietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels.