Recognizing that there is not much room for growth, the Minister of Planning and Investment suggested that along with strengthening measures to prevent and control the Covid-19 epidemic, it is necessary to urgently remove bottlenecks in the economy.

Vietnam has never had the strength and position as good as it has now to rise up. We need to have a mindset of going ahead. Only when we carry that mindset will we be able to seize the opportunity. 

Vietnam is still in the group of low-middle income countries. We are trying to narrow the development gap with other countries, but they are not standing there to wait for us.

In 2019, foreign direct investment attraction was a bright spot of Vietnam’s economic picture. It is expected to continue being one of the vital drivers of the country’s growth this year and beyond.

Minister of Planning and Investment Nguyen Chi Dung has said authorities are considering the allocation of 1 billion USD for the sustainable development of the Mekong Delta to cope with climate change.

Vietnam considers the private economic sector as one of its major economic powerhouses.

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

VietNamNet Bridge - The ‘golf rush’ has returned, with around 10 projects added to the national golf course program in one day. More projects are on paper.

PM Nguyen Xuan Phuc said a special legal framework with outstanding preferences is needed to develop three special economic zones (SEZs) — Van Don in Quang NInh, Bac Van Phong in Khanh Hoa and Phu Quoc in Kien Giang.

The low GDP growth rate of 5.1 percent in the first quarter of the year, the lowest rate in the last two years, has made it more difficult to reach the 6.7 percent GDP growth rate target for 2017. 

“GDP growth has important significance for Vietnam as it creates resources for investment & development, generates jobs, and increases the budget revenue,” said Nguyen Chi Dung, Minister of Planning and Investment (MPI).

 Government policies must be business-friendly to encourage investment, Minister of Planning and Investment Nguyen Chi Dung said at a dialogue on the 2016 investment policy on Tuesday.