GDP

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Big leaps after 25 years of renovation

 VietNamNet Bridge – Nam has made achievements and progress in boosting up industrialization and modernization after 25 years of pursuing the “Doi moi” cause.

Environment pollution costs 3% of GDP in VN

Environmental experts have repeatedly warned of Vietnam’s vulnerability to repercussions from pollution and environmental degradation.

BUSINESS IN BRIEF 12/10

 Vingroup secures loan from international market; Ca Mau fishery sector moving towards sustainable exploitation; Dong Nai imports another 1,500 cows from Australia

GDP inching up strenuously

In early 2011, the 11th Communist Party Congress decided that Vietnam needs to obtain the average GDP growth rate of 7-7.5 percent in five years 2011-2015. However, even the modest 5.4 percent growth rate in 2013 is thought to be unattainable.

GDP up 5% in nine months but may still miss target

 VietNamNet Bridge – The country's Gross Domestic Product (GDP) rose 5.14 per cent in the first nine months of this year, according to a report released on Tuesday, Sept 24, by the Ministry of Planning and Investment.

Vietnam anticipates US$2,300 GDP per capita in 2015

 The Ministry of Planning and Investment (MPI) is forecasting an annual economic growth rate of 6.2 percent over the next two years will push Vietnam’s GDP per capita to US$2,300 by 2015.

Vietnam warned it gets stuck in the low-growth trap

 VietNamNet Bridge – While the global economies have warmed up, Vietnam still has been bogging down in its big difficulties.

BUSINESS IN BRIEF 23/7

 Premium growth slumps in first half; Businesses receive support for US market expansion; Vietnam's US trade surplus hits new heights; Mitsui eyes IT parks in Da Nang city

6 percent GDP growth rate may be unattainable

 VietNamNet Bridge – It is highly possible that the Vietnam’s GDP growth rate in 2013 would be 5.1-5.2 percent.

Time to launch bailout to stimulate economy at year-end

 VietnamNet Bridge – The low inflation rate in the first months of the year is believed to be a good condition for Vietnam to launch a new bailout, worth 100,000 billion to have the national economy escape the current gloomy situation.

Hanoi’s per capita income estimated at $2,500

 VietNamNet Bridge - After five years of the administrative boundary expansion, the income of Hanoians increased from $1,697 in 2008 to $2,257 in 2012.

Vietnam's economy ranks 42nd in the world

With GDP estimated from purchasing power parity calculations equivalent to $322 billion, Vietnam's economy ranks 6th in Southeast Asia, after Indonesia, Thailand, Malaysia, the Philippines and Singapore.

Monetary and fiscal policies go their separate ways

VietNamNet Bridge – Vietnam has been mostly relying on the monetary policies in regulating the national economy, while the fiscal policy has been ignored.

Vietnam greedy for too many different goals in setting up monetary policy

VietNamNet Bridge – The Vietnamese monetary policy always aims at many different targets, which, in some cases, are contradictory. As a result, the policy cannot bring the desired effects.

Difficulties attack long distance transportation firms from all four sides

Airlines have to reduce the airfare continuously, while road passenger carriers have scaled down their business or sell coaches to pay debts.

Dearth of society investment hurts economy

 VietNamNet Bridge – The consequences of sharply declining investment within society have come into sharp focus.

National Assembly worries of worsening economy

This year’s economic growth is very difficult with clearer indicators on the decline, while policy efforts and outcomes are not enough to turn the situation, according to the National Assembly Economic Committee.

Vietnamese labor force is cheap or expensive?

The Richest has put Vietnam into the list of the five markets with the cheapest labor cost in the world with $0.39 per hour. However, the actual labor cost could be higher.

Unemployment down, why is the economy not good

Typically, in many countries around the world, the unemployment indicator is used to assess the health of the economy. If this rate is low, the economy is healthy and is creating more jobs. But it is different in Vietnam.

How big is Vietnam’s public debt, $128.9 or $66.8 billion?

The economic development model which relies much on the investment capital increase is believed to be the “culprit” that causes the high public debt.