Without a more effective business support package, the country’s goal of 6.5% in gross domestic product (GDP) growth for this year will be hard to be achieved as the GDP growth in the first six months of 2021 is forecast to reach only 5.8%, according to experts.

Despite the complexity of the fourth COVID-19 wave, Vietnam’s GDP growth is forecast to exceed 6.5% this year on the back of surging industrial production and global economic recovery, according to Assoc. Prof. and PhD Dinh Trong Thinh, a senior economist from the Academy of Finance.

VOV.VN - Vietnam’s Gross Domestic Product (GDP) is predicted to expand 5.8% in the first half of 2021, a lower-than-expected growth compared to the set target, according to the Ministry of Planning and Investment (MPI).

Standard Chartered announced on June 1 its forecast that Vietnam’s GDP growth would be 6.7% this year and 7.3% in 2022.

Vietnam’s GDP growth is expected to rebound to 7 % in 2021, driven by a recovery in goods and service export, resilient domestic economy, and healthy investment inflows, according to the ASEAN 3 Macroeconomic Research Office (AMRO).

Central Retail in Vietnam has launched its GO! Mall & GO! Hypermarket on Viet Bac street in Tan Lap district, Thai Nguyen city, the northern province of the same name.

If breakthroughs in institutional reforms are achieved to improve growth quality, coupling with timely and sound fiscal and monetary policies, the Vietnamese economy could expand 6.76% a year during 2021-2023, according to Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh.

VOV.VN - US business magazine Forbes has recently published an article detailing real estate in Vietnam in which it starts out by stating: “Office rents rising in 2020? Positive GDP growth during a global health crisis? Seems unimaginable, unless you live in Vietnam.”

Though Vietnam’s outstanding consumer credit almost tripled over the last decade, its share of total outstanding loans is yet to keep pace with that of its regional nations. There is plenty of room for improvement in the time to come, industry insiders have said.

Decree No. 11/2021/ND-CP officially replaced Decree No. 51/2014/ND-CP dated May 21, 2014 of the Government regulating the allocation of certain marine areas to organisations and individuals exploiting and using marine resources from March 30, 2021.