Nikkei Asia on May 5 published a mega story by journalist Atsushi Tomiyama, analysing the impressive economic growth that Vietnam has achieved thanks to its renovation efforts.

VOV.VN - Prime Minister Pham Minh Chinh has emphasized the necessity for the Red River Delta to achieve double-digit growth in the coming period, in an effort to lead Vietnam into a new era of prosperity and modernization.

The National Assembly (NA) on November 12 adopted a resolution on the socio-economic development plan for 2025, targeting a gross domestic product (GDP) growth rate of 6.5 - 7%.

VOV.VN - The 15th National Assembly’s sixth session recently adopted a resolution on the socio-economic development plan for the year, with GDP targeted at 6% to 6.5% and per capita GDP at US$4,700 to US$4,730.

VOV.VN - The Vietnamese economy has been developing rapidly over recent years, and the Indonesian economy will be left behind soon unless it makes a change, Indonesian President Joko Widodo.

Vietnam needs to adopt various solutions, particularly those to improve the quality of human resources to increase productivity, in order to achieve the 2024 growth target set by the National Assembly, said Nguyen Thi Huong, head of the General Statistics Office (GSO).

Revenue in the luxury goods market in Vietnam will amount to 957.2 million USD in 2023, and grow annually by 3.23% in the 2023-2028 period, according to Statista, a statistics portal for market data.

Given the little room left for monetary policy to add stimulus to the economy, fiscal policy would be the engine of growth next year, according to Ho Sy Hung, vice chairman of the Commission for the Management of State Capital at Enterprises.

A rising affluent class, more nuclear families, the booming development of digital technology, and an increasing demand for personalisation among consumers will offer opportunities and challenges for FMCG brands in the coming years, according to Kantar Worldpanel Vietnam.

VOV.VN - Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.