For many people, the news that automobile manufacturers have paid high amounts of tax to the state in the context of slow auto sales indicates that cars are being sold at sky-high prices in Vietnam.

While the commercial 5G network is not yet operational in Vietnam, local tech firms are exporting their 5G technology to the world.

Vietnam is making all-out efforts to boost the disbursement of public investment as it seeks to post GDP growth of 3% this year amid the global economic downturn triggered by the COVID-19 pandemic.

The Ministry of Agriculture and Rural Development (MARD) and the UN Food and Agriculture Organisation (FAO) in Vietnam held a ceremony on October 15 to mark World Food Day 2020 (October 16) and the 75th anniversary of the FAO.

VOV.VN - Vietnam’s Gross Domestic Product (GDP) is projected to grow 6.7% by 2021 and will continue to rank among the leading economies in the Asia-Pacific region in terms of having the highest growth rate, according to the recently published World Economic Outlook by the International Monetary Fund (IMF).

The Ho Chi Minh City People’s Council has passed a resolution to merge HCM City’s eastern districts of 2, 9 and Thu Duc into one administrative unit to create an innovation hub tentatively called Thu Duc City.

Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1% growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.

Vietnam’s real GDP would grow by 2.6% in 2020 and hit an 8.2% rebound next year, Fitch Solutions has forecast.

Over the next five years, Vietnam will strive for a 7% average GDP growth and a US$5,000 per capita income.

VOV.VN - Economic experts in the financial and securities sectors from Singapore have stated that the Vietnamese economy has made a recovery in the third quarter of the year, despite its growth rate being weaker than forecast, with annual gross domestic product (GDP) growth reaching between 2.8% and 2.9%.