The Vietnam Institute for Economic and Policy Research (VEPR) expects the country's GDP growth in the fourth quarter of 2024 to reach 7.4%, thus meeting the 7% target for the whole year set by the Government.

Like an airplane needing speed to take off, Vietnam's economy must gain momentum in the coming years to overcome challenges and reach new heights. Without acceleration, the risk of stagnation looms.

Nguyen Dinh Cung, former head of the Central Institute of Economic Management (CIEM), one of the main authors of the Enterprise Law, described as a "revolution in thinking", talked to VietNamNet about the development of the private economic sector.

Over 42% of 30,587 enterprises in the processing-manufacturing sector that joined a recent quarterly survey by the General Statistics Office (GSO) expect their business performance in the fourth quarter of 2024 to be better than Q3.

Vietnam’s private enterprises have grown significantly, but they still lag behind global competitors. With around 20 hidden billionaires, experts say the country's private sector has room for much more expansion.

The countries that start the twin goals of green and digital transition later than others could make a breakthrough and progress faster than some developed countries when using AI, but challenges will be huge.

An airplane needs to perform a run-up and then accelerate to be able to take off on just one kilometer of a runway, or it will fall into a hole. For an economy, the hole is the middle-income trap.

The diversification of global supply chains is creating significant opportunities for Vietnam to engage more deeply in international production networks.

To elevate Vietnamese businesses to international success, policies focusing on innovation, global competitiveness, and long-term support are critical.

With GDP growth in the first nine months of 2024 reaching 6.82%, Vietnam’s economy is on track for a strong recovery, buoyed by industrial production and a trade surplus.

Vietnam is likely to secure the 7% economic growth target this year as set by the Government if solutions to support businesses and people bearing the brunt of the recent super typhoon Yagi are implemented very quickly.

Many positive signs have been recorded in foreign trade, investment attraction, industrial production, and purchasing power during the first nine months of 2024, enhancing the confidence that this year’s GDP growth target of 7% is within reach.

The private sector in Vietnam plays a crucial role in the economy, but why do these resilient businesses struggle to thrive? This article delves into the complexities of their stunted growth.

A recent survey reveals increasing optimism among businesses in Vietnam as they recover from the impacts of COVID-19.

Vietnam has large corporations with capital of trillions of dong called the "iron fists" of the national economy. However, they need more support and encouragement to further growth to obtain regional and international stature.

Vietnam has navigated the first three quarters of the year through a complex and unpredictable global landscape, compounded by significant natural disasters at home.

Minister of Planning and Investment Nguyen Chi Dung has reported a strong socio-economic recovery in the first three quarters of the year with 14 out of 15 major factors meeting or exceeding targets.

HSBC has lifted its 2024 gross domestic product (GDP) growth forecast for Vietnam to 7.0% from 6.5% after the country recorded stronger-than-expected growth in Q3 despite the devastation left by Typhoon Yagi.

Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.

The leading Japanese newspaper Nikkei recently headlined, “Vietnam's Q3 Growth Soars Like a Rocket at 7.4%, the Highest in Two Years.”