Some 30.8 million people aged over 15 in Vietnam have been left reeling by the coronavirus pandemic, with 897,500 losing their jobs, a meeting in Hanoi on July 10 heard.
Tourism is likely to become Vietnam’s new growth pillar, increasing its contribution to the service sector and overall GDP.
VOV.VN - HCM City posted over VND903 trillion in the Gross Regional Domestic Product (GRDP) in the first nine months, up 7.89% against the same period last year, said Mr Su Ngoc Anh, director of HCM City’s Department of Planning and Investment.
Vietnam’s gross domestic product (GDP) expanded 7.08 percent in the first half of the year, marking the highest rate since 2010, fueled by robust expansion of the industrial and construction sector and service sector, according to the General Statistics Office (GSO).
Vietnam’s business climate is anticipated to improve in the second half of 2017, but economic growth will be at 6.5 percent, falling short of the Government’s target.
Japanese investors have shifted their focus from manufacturing industry to service as the growing domestic market in Vietnam offers a very promising prospect for the sector.
Analysts said that Japanese FDI (foreign direct investment) had decreased in industrial sector but was showing growth in the service sector.
The economy of the southern province Binh Duong in the first nine months of 2015 grew 11.3%, the fastest year-on-year increase in three years, according to a report released by the provincial People’s Committee.
Tourist real estate remains a favourite investment magnet in this central city, attracting 25 foreign direct investment (FDI) projects worth US$1.8 billion.
The services sector can only developed when the scope of production is expanding, said experts at a recent conference.
(VOV) - The Gross Regional Domestic Product (GRDP) of the capital city is estimated to slow to 8.1 percent this year, a figure which is much lower than the set target of 10-10.5 percent.
The national total retail sales of goods and services last month reached nearly VND150 trillion (US$7.1 billion), a year-on-year increase of 22.1 percent, the General Statistics Office reported.