Vietnam is planning to raise the contribution of logistics services to its gross domestic product (GDP) to 5%-6% by 2025, according to a recent decision signed by the Prime Minister.

VOV.VN - As a leading financial newspaper run by Japanese media giants Nikkei Inc., Nikkei Asia have stated that, “Southeast Asia's growth leader in 2021 may well be Vietnam”, during a recent article detailing ASEAN's GDP forecasts for the year ahead.

To achieve important targets in 2021-2025, Vietnam should consider economic digitalisation key to shifting its growth model and shortly carry out a “post-COVID-19” mid-term programme in association with economic restructuring on the basis of taking advantage of opportunities brought about by free trade agreements (FTAs).

Vietnam’s GDP growth is expected to rebound to 7% in 2021, driven by a recovery in external demand, a resilient domestic economy, and increased production capacity, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO).

The Ministry of Construction (MoC) believes the domestic real estate market has overcome the most difficult period due to positive developments in the market as well as the whole economy in the fourth quarter of 2020.

VOV.VN - Due to the nation’s latest novel coronavirus (COVID-19) outbreak, Prof. Dr. Andreas Stoffers, country director of Friedrich Naumann Foundation in Vietnam, has been forced to cancel his Lunar New Year (Tet) plans in the south and remain in Hanoi to enjoy the capital’s festive atmosphere.

Apart from challenges, many opportunities will be offered to the Vietnamese economy in 2021, experts have said.

VOV.VN - Vietnam is capable of achieving a higher GDP growth rate than the set target of 6% in 2021, providing it accelerates reforms and draws up proper plans for economic recovery in the post-COVID-19 period, according to economist Nguyen Dinh Cung, former Director of the Central Institute for Economic Management.

The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72% and an average consumer price index (CPI) of 4.2% under an optimistic scenario.

VOV.VN - With the COVID-19 pandemic causing plenty of difficulties for production and business activities and the added value of the industrial sector in Q1 set to endure a slight fall, the Ministry of Industry and Trade (MoIT) is striving to help the sector achieve a growth rate of 9.45% and export growth of up to 5%.