Tag: Economic
A dual success of Vietnamese economy
VOV.VN -Vietnam has successfully weathered the COVID-19 crisis and overcome other global challenges to write its own success story in 2022, with GDP growth recorded at 8.03% and inflation controlled at 3.15%.
Strong growth recorded in revenue from retail, services
Revenue from retail sales of goods and services totalled about VND515.8 trillion (US$21.87 billion) in December and over VND1.54 quadrillion (US$65.3 billion) in the fourth quarter of 2022, a year on year rise of 17.1%, reported the General Statistics Office (GSO).
CPI increases by 3.15% this year: GSO
VOV.VN - The consumer price index (CPI) recorded annual growth of 3.15%, while the average core inflation this year rose by 2.59% compared to 2021’s figures, fulfilling the set target by the National Assembly, the General Statistics Office (GSO) revealed on December 29.
Workshop discusses ways for industrial development in Vietnam
The Central Institute for Economic Management (CIEM) in collaboration with the Jakarta-based Economic Research Institute for ASEAN and East Asia (ERIA) held a workshop on industrial development in Vietnam in Hanoi on December 28.
Vietnam making efforts to enforce international conventions on human rights
Religious organisations and the majority of religious followers in Vietnam have accompanied the nation and played an active role in socio-economic development as well as patriotic emulation movements.
Credit growth hits about 13%
Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.
Outstanding economic events of Vietnam in 2022
Faster-than-expected GDP growth, the upgrade of Vietnam’s credit ratings, and big fluctuations in the corporate bond market are among notable events of the Vietnamese economy in 2022.
Banks requested to cut rates to support economic recovery
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed banks to continually reduce input costs with an aim to cut loan interest rates.
Vietnam – bright spot of world economic landscape
Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.
Government focuses on law-making, institutional improvement: PM
The Government has focused on the implementation of law-making and institutional improvement throughout 2022, said Prime Minister Pham Minh Chinh at the government’s last monthly law-making session this year in Hanoi on December 26.
