Enterprises should consider applying new thoughts or amend regulations to meet the demand of Gen Z, including those born in 1996-2010, and create favorable conditions for them to develop as they will be an important part of the country’s workforce.

Director General of the General Statistics Office (GSO) Nguyen Thi Huong has stressed that 2020 is considered a year of success in inflation control.

A problem existed for years between the difference of GRDP (gross regional domestic product) reported by local statistics offices and GDP calculated by the General Statistics Office (GSO).

Vietnam’s GDP grew by 2.12 percent in the first nine months of the year compared with the same period last year, the lowest growth rate since 2011, according to the General Statistics Offic.

A mid-term survey on rural areas and agriculture will be carried out in Vietnam’s 63 cities and provinces from July 1, the General Statistics Office (GSO) has announced.

The novel coronavirus pandemic has caused approximately 5 million workers to either lose their jobs or stop work until further notice, therefore bringing the number of employed people during Q1 to a ten-year record low.

Boosting the disbursement of all planned public investment would help increase this year’s gross domestic product (GDP) by 0.42 percentage points, according to the General Statistics Office (GSO).

The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 per cent over the previous year.

The Vietnamese workforce reached 55.8 million last year, and increase of 417,100 compared to 2018, reported the General Statistics Office.

The country’s trade surplus reached a record high of US$9.9 billion in 2019, the General Statistics Office’s monthly report has revealed.

After revision, Vietnam’s GDP grew an average of 25.4% annually in the 2010 – 2017 period, in which 2011 recorded the highest growth rate of 27.3%.

More than 126,700 new enterprises were formed in the first 11 months of this year with total capital of VND1.574 quadrillion (US$65.6 billion), reported the General Statistics Office (GSO).

This years inflation is controllable at 3.3-3.9 per cent, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting early this week regarding the recent surge in pork prices, an essential foodstuff.

The Ministry of Finance (MOF) says that personal income tax (PIT) rates have become out of date after six years of application and need amendment.

Vietnamese income has improved significantly, but it has not reached the $3,000per capita threshold as calculated by General Statistics Office, economists say.

The state-owned economic sector ranks first in terms of productivity, followed by foreign invested companies. The productivity of the private sector is the lowest.

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

Domestic businesses should stay alert and be proactive in finding new advantages while improving their competitiveness in order to seize opportunities to boost exports in the remaining months of the year amid the escalating US-China trade tensions.

Fitch Solutions maintains its forecast that Vietnam’s real GDP growth will come in at 6.5% in 2019, a fall from 7.1% in 2018, partly due to unfavourable base effects potentially occurring in the remainder of 2019 and slowing global demand.