Vietnam will need to do more if it wants to become a digital powerhouse as envisioned in the socio-economic development strategy adopted by the Party in February 2021, said a report of the World Bank.

Integration with global manufacturing has helped keep Vietnam’s economy humming during the pandemic, according to an article published on news site The Economist on August 30.

VOV.VN - Vietnam’s GDP growth rate is unlikely to achieve the target of between 6% and 6.3% set for this year due to the impact of the fourth wave of COVID-19 infections across the country, according to industry insiders.

An official of the Japan International Cooperation Agency (JICA) has suggested ways for the Vietnamese economy to keep moving forwards amid considerable challenges caused by the fourth wave of COVID-19 infections.

VOV.VN - Vietnam’s GDP is expected to expand by about 4.8% in 2021, or 2% lower than the projection made by the World Bank Group in December 2020, the WB says in its latest edition Taking Stock released on August 24.

Pension and social insurance allowances and monthly subsidy will increase by 11% from January 1, 2022 under a proposal the Ministry of Labour, Invalids and Social Affairs (MoLISA) has submitted to the government.

In the first half of 2021, Vietnam in general achieved considerable growth targets in the context of a stable macro environment.

Economic experts have emphasised the need to have a new impetus to improve economic growth in the remaining months of 2021 towards realising the growth target for the year set by the Government and the National Assembly.

Vietnam prioritises foreign investment projects in high technology, innovation, research and development, and projects that create favourable conditions for Vietnamese enterprises to participate in the value chain.

VOV.VN - The newswire fashionunited.de. has run an article to highlight that Vietnam has overtaken Bangladesh as the world’s second largest exporter of ready-made garments (RMG).