VOV.VN - Despite the negative impact of the COVID-19 pandemic, Vietnam’s inflation for 2020 is projected to fall between 3.5-3.9% to ensure social security and stabilise local people's lives, experts say.
VOV.VN - Despite enjoying a large degree of economic openness, the Vietnamese economy is facing a range of challenges in the upcoming quarters and has been negatively influenced by many aspects of the turbulent global economy, according to Nguyen Bich Lam, director of the General Statistics Office (GSO).
The European Union-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), scheduled to become effective in July, will help improve Vietnam’s business and investment climate and boost its institutional reform, thus contributing to fostering its growth in a long term, according to an official.
VOV.VN- If Vietnam continues to contain the Covid-19 epidemic at its current level or better, the country will improve further its already-impressive FDI attraction.
Local authorities and businesses are making efforts to promote domestic consumption of agricultural products, which are piling up due to the impact of novel coronavirus outbreaks in China.
The Vietnamese workforce reached 55.8 million last year, and increase of 417,100 compared to 2018, reported the General Statistics Office.
The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).
The revision of the size of Vietnam’s gross domestic product (GDP) for 2011-2017 is in line with international practices and serves as a foundation for the country's development path in the next 10 years, an official has said.
Phones and components lead in Vietnam’s export turnover in the first nine months of this year, with a value of US$38.6 billion, marking a year-on-year increase of 5.1 per cent and accounting for 19.9 per cent of total exports.
Vietnam’s GDP expanded 6.98 percent in the January-September period, the highest nine-month growth rate over the past nine years, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam on September 28.
The consumer price index (CPI) in September rose 0.32 percent over the previous month, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam.
Vietnam’s total gross domestic product (GDP) increased by 25.4 percent per year for the 2011-17 period after calculation was revised.
GDP growth based on high productivity is the way forward for Vietnam to maintain rapid and sustainable economic growth, said head of Vietnam’s General Statistics Office.
The Government needs to establish a national strengthening productivity committee to better labour productivity, thus promoting the economic growth, said Director General of the General Statistics Office of Vietnam Nguyen Bich Lam on August 7.
Minister of Planning and Investment Nguyen Chi Dung has stressed the urgent significance of improving labour productivity in promoting growth, overcoming the middle-income trap, avoiding falling behind and narrowing down development gap with other countries.
The nation's total revenue from retail sales and services saw a significant growth of 11.5 per cent to more than VND23.9 quadrillion (nearly US$102 billion) in the first half of this year.
The national industrial production index (IIP) saw a year-on-year increase of 9.2 per cent in the first quarter of this year, according to the General Statistics Office (GSO).
Manufacturing and processing were the major contributor to Vietnam’s gross domestic product (GDP) growth of 7.08% in 2018, the highest level in 11 years, according to the General Statistics Office (GSO).
Most firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO).
The Vietnamese economy grew 7.08% in 2018, the highest growth rate for the past 11 years, fuelled by an improved business climate, positive economic structure transformation and impressive exports, the latest updates from the General Statistics Office (GSO) revealed.