Developing energy is a strategic task to realise the goal of industrialisation and modernisation.

2021 has been a turbulent year for economies around the world, including Vietnam, due to the complex development of the COVID-19 pandemic.

Vietnam’s gross domestic product (GDP) in 2021 is estimated to expand by 2.58 percent from the previous year as the COVID-19 pandemic has imposed adverse impacts on all fields of the national economy.

The two most labor-intensive industries in Vietnam - textiles/apparel and footwear - which employ nearly 4 million workers - have become vulnerable to impact of the Covid-19 pandemic. It’s time for a change.

Vietnam’s farm produce import turnover reached record highs in 2021. The country for the first time saw high exports of rice, cashew and pepper.

If it does not take advantage of opportunities, Vietnam will need at least two more decades to reach the per capita added value in the processing and manufacturing industry for newly industrialized countries.

Gold prices in Vietnam are much higher than international prices, driven by a supply-demand imbalance and price manipulation. A tael (37.5g) of gold in Vietnam is about US$500 more than in the rest of the world.

The country’s road map aims to improve the quality and reliability of the national power supply and the efficient use of electricity.

The digital economy in Vietnam accounts for about 8.2% of GDP. The development potential of the Internet and digital economy components is still quite large. 

The city’s investment, trade, and tourism promotion activities will focus on gathering the participation of Vietnamese businesses at home and abroad.

The goal of industrialization and modernization of the country to 2020 was set at the 8th National Party Congress in 1996 and it has gone through to the 13th National Party Congress in 2021.

Large economies such as the US, the major partners of Vietnam, are recovering rapidly, which could bring more trade and investment opportunities to Vietnam. But economists have warned of high inflation.

After over two months of implementation, Resolution 128 on shifting from the state of epidemic prevention to the stage of "safe and flexible adaptation to the epidemic" has left positive imprints on the economy and socio-psychology.

The world economy is speeding up while Vietnam’s growth is slowing down. Economists believe that the VAT (value added tax) should be reduced to stimulate demand, because it could result in immediate benefits.

Vietnam has set goals on industrialization. The question is what is an industrialized country and who can realize the goal of industrialization. What does the state do, what do businesses do? What are the characteristics of an industrialized country?

The euphoria among young investors in the last weeks seems to be dying down now, with many F0 investors realising that the stock market is no longer an easy place to reap profits.

Deputy Prime Minister Le Van Thanh has recently signed a decision approving the National Statistical Development Strategy for the 2021-2030 period, with a vision to 2045.

Some have opined that although the tourism industry has been hit hardest by the pandemic, it can stand up again immediately, just like a compressed spring would return to its former shape when released.

Nguyen Quang Trung, General Director of Da Nang Housing Investment Development JSC, has been arrested, while Vo Van Cuong, Director of LAND Ha Hai Co Ltd, tried to commit suicide in the courtroom after the court issued a decision against him.

After a very tough few months brought on by severe lockdowns, the Vietnamese economy is finally on firmer ground, according to Tim Evans, CEO of HSBC Vietnam.