National economy

Update news National economy

Vietnam will optimise external resources to spur national economy as the impact of the outbreak of coronavirus on foreign investment flows into the country is visible, according to the Ministry of Planning and Investment (MPI).

Vietnam sets new vision for the next decade

Minister of Planning and Development Nguyen Chi Dung speaks on the country’s socio-economic development plan for the next 10 years (2021-30).

Will Vietnam become the 20th largest economy by 2050?

Many Vietnamese have expressed doubts about the prediction that Vietnam is expected to become the 20th largest economy in the world by 2050, exceeding Thailand, Canada and Italy.

Law on SMEs not wholly feasible: expert

VietNamNet Bridge – Truong Thanh Duc, an arbitrator from the Viet Nam International Arbitration Centre (VIAC), shares with Hai Quan (Customs) Newspaper his views on the draft Law on Supporting Small and Medium Enterprises. 

Private economic sector blocked by three powers

Private businesses, according to economists, have been hampered by state-owned enterprises (SOEs), foreign invested enterprises (FIEs) and state management agencies. 

China’s economic woes affect Vietnam’s financial market

VietNamNet Bridge - The problems of the Chinese economy have had a negative impact on Vietnam’s economy, including the financial market.

Economic hallmarks in 2015

VietNamNet Bridge - 2015 is still a difficult year for the Vietnam economy. However, there have been signs of recovery.

Too many rules hamper business

The business climate in Viet Nam suffered from many inadequacies and shortcomings that hindered development and global integration of Vietnam-ese businesses, said Nguyen Dinh Cung, director of the Central Institute for Economic Management (CIEM).

Counterfeit goods undermine Vietnam’s economic prosperity

 VietNamNet Bridge – The proliferation of counterfeit products in Vietnam - from consumer electronics to pharmaceuticals and fertilisers - is slowing the nation’s economic growth and even putting people’s lives at risk.

Economic highlights in 2014

 VietNamNet Bridge – The national economy has witnessed positive changes in 2014 with the following five remarkable signals.

Quarter 1 sees good signs in national economy

 VietNamNet Bridge – Positive growth was seen across the board in the first quarter of 2014, laying the foundation for the country to achieve its development goals this year,

BUSINESS IN BRIEF 17/12

 CPI expected to rise 0.62%; Vietnam-Japan cooperation in software development; Rattan, bamboo processing have potential for large-scale production; SBV ends rate-lowering race; Beer prices rise as Tet approaches

Policies building influenced by interest groups?

 VietNamNet Bridge – Is there the existence of the interest groups’ power in building up the important policies for the national economy?

VN moves on copyright violations

VietNamNet Bridge – The Asia Pacific Director of the Business Software Alliance Tarun Sawney has praised Viet Nam's efforts in cracking down on copyright violations in a meeting with General Director of the Copyright Office Vu Ngoc Hoan.

Vietnam turning Chinese refuse tip?

VietNamNet Bridge – Why can Chinese low quality and toxic products penetrate the Vietnamese market? Because Vietnam still does not have effective barriers to prevent the products.

Abnormalities found in statistics about Vietnam’s economy

Economists, while keeping doubtful about the statistics reported by state management agencies, have warned that if they try to “fabricate” the figures, the regulators would not know how sick the economy is to prescribe properly.

12 percent credit growth rate proves to be unattainable

Most commercial banks have reported the very slow outstanding loan growth, forecasting the 12 percent credit growth rate goal for 2013 is unfeasible.

Vietnam strives for higher growth rate, lower inflation rate

The government has vowed to obtain a higher GDP growth rate in 2013 and lower inflation rate than in 2012. However, economists keep doubtful about the feasibility of the plan.

National economy panorama gets brighter, but worries exist

Commercial banks have been easing the lending interest rate, which has made the picture of the national economy brighter. However, the biggest problem still exists: it’s very difficult for businesses to access bank loans.

Three scenarios for national economy in 2013

 VietNamNet Bridge – Economists have outlined three alternative scenarios for the national economy in 2013, each extrapolated from the hypothetical GDP growth rates of 5, 5.68 and 6.34 percent.