GDP growth based on high productivity is the way forward for Vietnam to maintain rapid and sustainable economic growth, said head of Vietnam’s General Statistics Office.

Labor productivity is a decisive factor for competitiveness of every economy and enterprise especially a developing country like Viet Nam.

Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.

Fifty-five percent of German businesses, when asked, have said they want to increase investment capital in Vietnam, higher than the rate for Southeast Asia (44 percent).

After nearly two years of implementing a government resolution on sustainable and climate resilient development of the Mekong Delta, known as Resolution 120, a number of policies have been revised to enable the region’s comprehensive development.

Consumer spending is set to soar on the back of the country’s booming economy, which continues to grow at a speedy pace.

When the CEOs of Vietjet Air and Bamboo Airways signed multi-billion dollar contracts on purchasing Boeing aircraft during US President Trump’s visit to Vietnam several months ago, logistics experts hoped the aircraft would include freighters.

Vietnam’s businesses now have great opportunities to boost exports through official channels to China as the Chinese government is encouraging official imports, and the shipping fee is decreasing.

Vietnam is following an export-based growth model, striving to become a production base for multinational groups.

After enjoying GDP growth of 7.08 percent in 2018, the country’s 2019 growth is forecast at 6.7 per cent, which would place it as the fastest growing Southeast Asian economy, according to a report released by ICAEW Economic Update.

Deputy PM Vuong Dinh Hue asked MOF to set up a mechanism to control the enterprises.

While some economists warned of the possibility of Vietnam lagging further behind regional countries, others believe that Vietnam will still perform well.

Within four months, the preliminary results of the Vietnam 2019 Population and Housing Census will be made public. Information about population, education level, jobs, housing and migration will be helpful to form new policies.

VietNamNet Bridge - International institutions have predicted high GDP growth rates for Vietnam in 2019, but do not expect them to be more than 7 percent.

Vietnam is economically lagging behind other countries in the region and in the world. There is a big gap in GDP per capita between Vietnam and other countries, which makes it difficult for Vietnam to catch up with them.

VietNamNet Bridge - A National Assembly resolution stipulates that the overall goals of Vietnam’s economy in 2019 are stabilizing the macro-economy and controlling inflation.

VietNamNet Bridge - The PM has approved a plan to measure the informal economic sector with an aim of having a more reliable outlook about Vietnam’s economy.

VietNamNet Bridge - The US FED’s ‘less hawkish policy’ on raising interest rate has affected the exchange rate for the Vietnamese dong this year.

The People’s Committee of Hanoi has set a gross regional domestic product (GRDP) growth of 7.4-7.6 percent and an export growth of 7.5-8 percent for the capital city in 2019.

Minister of Planning and Investment Nguyen Chi Dung talked with VIR’s Tung Huong about the year’s economic achievements, and the country’s new investment attraction strategy.breaking barriers for future growth