Against the context that all the Vietnam's development factors are limiting, GDP growth seems to increasingly dependent on labour productivity.
During the last 10 months, Vietnam continued to see strong interest from developers for large-scale, mixed-use projects with residential components in major cities.
Vietnam is still under big pressure to call for capital for domestic debt swap, with 50% of domestic debts expected to reach maturity in the next three years, according to the World Bank.
The function of finance has developed remarkably in recent times to meet the constant changes brought about by technological evolution, a seminar heard in HCM City on November 22.
VOV.VN - The aim of the draft Law on Special Administrative, Economic Units is to create a legal foundation for the formation, management, and operation of 3 special administrative-economic zones, namely Van Don in Quang Ninh, Phu Quoc in Kien Giang, and Bac Van Phong in Khanh Hoa province.
VOV.VN - National Assembly (NA) deputies discussed socio-economic development and State budget this year and plans for next year at the October 24 session of the ongoing 4th session of the 14th legislature in Hanoi.
Unions between Korean financial institutions and Vietnamese securities or asset management firms are on trend, with visible upsides for both parties.
VOV.VN - The majority of NA Standing Committee members have echoed the Government’s view that most major socio-economic development targets would be achieved this year which aims for 6.7% GDP growth.
HSBC has revised its growth forecast for Vietnam this year up to 6.6 percent, days after data from the General Statistics Office showed the economy grew 7.46 percent in the third quarter year-on-year; its strongest third-quarter growth since 2010.
Despite a continued downturn in the mining sector, nine-month figures show Vietnam’s economy is on a good growth trajectory.
Hanoi’s Consumer Price Index (CPI) in September posted a month on month rise of over 3 percent as reported by the municipal Statistics Office.
A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones.
Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.
The fulfilment of the gross domestic product (GDP) growth of 6.7 percent in 2017 requires high political determination from ministries and departments as well as corporations, businesses and people, Prime Minister Nguyen Xuan Phuc stressed at a meeting in Hanoi on August 12.
The central province of Thua Thien-Hue recorded a gross domestic product (GDP) growth rate of 7.44% in the first half of 2017, much higher than the figure of 5.8% in the same period last year.
The low GDP growth rate of 5.1% 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% GDP growth rate target for 2017.
To obtain a 6.7% GDP growth rate in 2017, Vietnam needs to change its economic structure, experts say.
Deputies to the 14th National Assembly have agreed that the Government should continue creating favourable conditions for investors and boosting production, especially in industry and services, to achieve the tough set GDP growth target of 6.7 percent for 2017.
The Vietnamese government expects to hit its growth target for the year despite a slow first quarter by excavating more crude oil, but lawmakers said this would go against a bigger plan to build a sustainable economy which relies less on mining.
The government will not propose the National Assembly (NA) to adjust the economic growth target in its third session, which is scheduled to take place on May 22, 2017.