VOV.VN - The southern economic zone must introduce solutions to fully exploit its potential and promote fresh growth in order to offset the negative effects of the novel coronavirus (COVID-19) pandemic and achieve sustainable development, said Prime Minister Nguyen Xuan Phuc.
The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4% and 12%, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported.
The State budget revenue in January – April was estimated to total VND491.38 trillion (US$21.05 billion), representing a drop of 5.9% against the same period last year, as the Government offered tax relief to support those affected by the COVID-19 pandemic, according to the Ministry of Finance.
VOV.VN - The year’s first quarter saw Ho Chi Minh City enjoy growth of 1.03%, according to a new report to be released by the General Statistics Office, while Prime Minister Nguyen Xuan Phuc has suggested that the southern metropolis should strive to devise solutions in order to facilitate the local economy recovering in an effective manner.
The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy.
VOV.VN - Vietnam’s digital economy is anticipated to rapidly grow to the point where it makes up approximately 20% of national GDP by 2025, with the figure expected to rise further to 30% by 2030.
The Ministry of Finance forecast a budget overspending at 5-5.1% of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.
Vietnamese workers living abroad sent home US$17 billion last year, making Vietnam the world's ninth biggest remittance beneficiary, a World Bank report says.
VOV.VN - Whilst attempting to tackle the spread of the novel coronavirus (COVID-19) epidemic, Hanoi must strive to accomplish some of the basic objectives set out at the beginning of the year, with a specific focus on ensuring that economic growth, job creation, and budget revenue are maintained.
The rating showcases the strong medium-term macroeconomic outlook, contained government debt burden as well as favorable external finances compared to peer countries.
Localities in the northern key economic region have connected to create value chains to boost the entire region’s development.
VOV.VN - Vietnam is striving to battle the COVID-19 pandemic while attaining socio-economic growth targets with authorities and enterprises making every effort to increase exports and stabilize the domestic market to sustain GDP this year.
VOV.VN - Vietnam’s gross domestic product (GDP) growth tumbled to a record 10-year low of 3.82% during the year’s first quarter as a result of the considerable impact of the novel coronavirus (COVID-19), according to the General Statistics Office.
The European Union – Vietnam Free Trade Agreement (EVFTA) is like an “expressway” connecting Vietnam and Europe that will speed up trade and investment cooperation between the two sides, said experts.
Vietnam has been ranked 83rd out of 156 countries in the latest World Happiness Report 2020 released recently by the United Nations, up 11 places compared to last year.
Vietnam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year.
VOV.VN - The COVID-19 epidemic has spread worldwide and affected every corner of the global economy. It is causing lost revenues, breaking supply chains, and slashing billions of dollars from the global GDP.
Businesses in logistics and agricultural processing are embracing ambitious expansion plans to effectively cash in on opportunities from the EU-Vietnam Free Trade Agreement (EVFTA).
The agro-forestry-fishery sector recorded a trade surplus of over 1 billion USD in the first two months of 2020, a year-on-year rise of 18.4 percent.
HCM City plans to draw up specific policies for firms having capital of more than VND100 billion (US$4.3 million) in the first quarter of this year, and has committed to create more favourable conditions for enterprises.