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.
Vietnam is facing tough challenges to fulfil its economic growth target for this year amidst the country is experiencing trade deficit and depending on foreign direct investment sector, held Dr. Vu Thanh Tu Anh, Fulbright University’s Director of Research.
VOV.VN - During the past three decades, the Vietnam economy has benefited from a transition away from agriculture toward manufacturing and services, and a demographic powered by a youthful population.
The multinational insurance company Aviva Plc has announced the acquisition of VietinBank’s entire 50% shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Limited and signing of a new distribution agreement with VietinBank.
With Vietnam’s economy slowing down in the first quarter, the government has requested that state-run corporations and associations pull out all the stops to help the country achieve the full-year GDP growth target.
Prime Minister Nguyen Xuan Phuc has assessed that the business and investment environment of Vietnam has been effectively supporting the development of enterprises, pointing a high number of startups and profitable firms.
Trade officials from the eleven remaining members of the TPP will hold discussions in the coming weeks and ministers will meet again in May in Vietnam to continue debate over the TPP.
Vietnam’s ultra-rich population is growing faster than any economy in the world, and is on track to continue leading the growth in the next decade, based on a new international research.
Vietnam was the country with the most to gain from the Trans-Pacific Partnership.
VOV.VN -The Vietnam economy showed resilience in 2016 with GDP growth an estimated 6.2% bolstered mainly by robust domestic demand and strong performance in foreign sector manufacturing exports.
JLL Vietnam has reported that the real estate markets in both Ho Chi Minh City and Hanoi had a very strong 2016, with multiple new highs recorded in all facets of the residential market.
The Prime Minister has assigned specific socio-economic targets in 2017 to five ministries, with the Ministry of Planning and Investment tasked to strive for a 6.7% GDP growth and a 4% inflation.
Business leaders in Vietnam are among the most optimistic in Asia-Pacific.
The steel industry is likely to enjoy a 10-12 percent growth next year, said the Vietnam Steel Association (VSA) at a workshop in Ho Chi Minh city on December 8.