Germany’s Deutsche Welle newswire recently ran an article saying that Vietnam still aims for an economic growth of 5% this year despite global economic crisis and likely recession in some of its neighbouring countries.
HCM City’s retail sales and services grew by 12.2 percent year-on-year in the first half to nearly VNĐ 600 trillion (US$25.8 billion), according to its Department of Industry and Trade.
Vietnam sold more than 35 million tonnes of cement at home and abroad in the January-April period, up 8 percent year on year.
The high rate of technology adoption in Vietnam presents vast opportunities for growth, according to Le Hong Minh, co-founder, chairman and CEO of technology company VNG Corporation.
VOV.VN - Local steel industry is projected to enjoy a growth rate of some 10 per cent during 2019 which would be primarily driven by two key projects in the central region, the Ministry of Industry and Trade has said.
E-commerce is not a short-term game where money is made after several months of playing.
For a small-scale economy, high growth rates will not be enough to create big value, according to economist Tran Dinh Thien.
Experts say the target growth rate of 6.6 to 6.8% for 2019 set by the National Assembly is feasible.
Tra fish exports posted an impressive growth rate of 26.4% this year to hit a record of US$2.26 billion, according to the Directorate of Fisheries of Vietnam.
The General Department of Vietnam Customs estimates the country’s trade surplus this year at US$7.21 billion, US$5.1 billion higher than the figure registered last year.
The number of hotels in Vietnam in 2017 increased by 21.9%, a high growth rate compared with the 10.5% in 2016.
The brands were once ‘king’ in the market, but later lost their market share to foreign rivals.
The textile and apparel industry was defined as a field with one of the highest growth rates over the next 12 years.
The banking sector is optimistic about its growth prospect in 2018 as all of surveyed banks expect the growth rate to be more than 10%.
Electronic commerce in Vietnam has grown significantly in recent times and is expecting its heyday in several years ahead, presenting fresh opportunities for online retailers.
Vietnam's gross domestic product (GDP) in Quarter 1 increased 7.38%, the highest growth rate for Q1 over the past ten years, which proved the timeliness and effectiveness of the Government's instructions and leadership since the beginning of the year.
Retail goods and services generated revenues of 704 trillion VND (30.88 billion USD) in the first two months of this year, a year-on-year increase of 10.1 percent.
Expected to account for 33% of Vietnam’s population by 2020, the middle class is a major contributor to the country’s development, according to Phung Duc Tung, head of the Mekong Development Institute.
The southern province of Dong Nai plans to take a myriad of measures to maintain a Gross Regional Domestic Product (GRDP) growth rate of 8%-9% in 2018, according to Dinh Quoc Thai, Chairman of the provincial People’s Committee.
The Ho Chi Minh City People’s Council (ninth tenure) set a gross regional domestic product (GRDP) growth rate of 8.3-8.5 percent for 2018 during its sixth session that took place from December 4-7.