Vietnam's economy experienced good economic results in 2019, but it will be a challenge to repeat the strong growth this year.

Vietnam needs a “revolution in its policy-making mind-set” before it can take advantage of the fourth industrial revolution, said Pham Xuan Hoe from the Banking Strategy Institute, at a forum in Hanoi on January 7.

Foreign-invested enterprises will no longer be allowed to ignore their tax obligations as Vietnamese tax departments step up action on duty-dodging businesses.

Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.

VietNamNet Bridge - Five years have elapsed since the day the State Bank released figures about banks’ bad debts, but the problem still has not been settled. Vietnam will need another five years to deal with it.

VietNamNet Bridge - Lai Chau, a poor province with more than a half of the residents listed as poor, plans to build an airport with total investment capital of VND8 trillion.