The National Assembly on April 24 adopted a resolution setting out a goal of achieving rapid and sustainable national development, with average GDP growth of at least 10% per year in the next five years, while maintaining macroeconomic stability, controlling inflation, ensuring major economic balances.

VOV.VN - EU firms hold an especially advantageous position in terms of gaining access to the Vietnamese food processing market thanks to the close trading ties that exist between the nation and the bloc, as well as a favourable image of European products among Vietnamese consumers, according to details given by Vietnam Briefing news site.

VOV.VN - Vietnam’s seafood exports recorded annual growth of 34% over the past 10 months of year, reaching US$9.5 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnam’s economy registered strong annual growth of 13.7% in Q3, mostly reflecting a low base effect, according to the October edition of the World Bank (WB)’s monthly Vietnam Macro Monitoring.

VOV.VN - Export growth during the first half of the year stood at 17% from the same period in 2021, however, according to forecasts made by HSBC, Vietnamese exports in the second half of the year will struggle to meet expectations.

VOV.VN - The UK-based bank, Standard Chartered, has lowered its annual growth forecast for the nation from 6.7% to 6.5%.

The textile and apparel industry, which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group.

Vietnam’s digital economy is expected to reach US$14 billion in 2020, a year-on-year increase of 16%, and will likely reach US$52 billion in 2025, re-accelerating to nearly 29% in compound annual growth rate, according to a report from Google, Temasek and Bain & Company.

The Vietnam National Textile and Garment Group (Vinatex) aims for an annual growth rate of 8% – 10% in production value, revenue and export value in the period from now to 2025, according to the group’s chairman of the board Le Tien Truong.