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 - The local economy is back on track following the negative impact caused by the COVID-19 pandemic and is projected to grow by between 6% - 6.3% this year, according to the Vietnam Institute for Economic & Policy Research (VEPR).

VOV.VN - The Vietnamese service sector is striving to achieve a growth rate of 7-8 % during the 2021 to 2030 period, higher than the national economy’s average growth rate, and aiming to account for 50% of GDP by 2030.

VOV.VN - Grigory Trofimchuk, Chairman of the Expert Council of the Eurasian Ideas Foundation (EIF), has written an article, commending Vietnam’s role in the integration process of the Eurasian space.

VOV.VN - Vietnam’s GDP growth rate is forecast to rise by 6.5% this year, a figure which is higher than the global average of 6%, before climbing to 7.2% in 2022, according to data released in the latest World Economic Outlook report compiled by the International Monetary Fund (IMF).

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.”

HCM City is taking urgent steps to tackling any and all difficulties to create a favourable business environment and encourage investors to stay.

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.

Removing bottlenecks in transport infrastructure and policy mechanisms is considered an important solution to help cut logistics costs and improve the competitiveness of Vietnamese businesses and goods in the time to come.