VOV.VN - The consulting firm McKinsey of the United States has recently published an article on its website praising the recovery capability of the Vietnamese economy after successfully containing the spread of the novel coronavirus (COVID-19) pandemic.
VOV.VN - After suffering from restrictive measures against COVID-19 in April, the Vietnamese economy is showing signs of recovering in May, with the index of industrial production (IPP) rising by 11% compared to the previous month.
The start of the new decade is anticipated to provide breakthroughs in the Vietnamese economy due to the impact of both technology and global events.
Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.
The signing of the EU-Vietnam Free Trade Agreement (EVFTA) in Hanoi on June 30 after six years of negotiation is expected to serve as a lever for the growth of Vietnam’s economy and business community.
Hanoi has become the leading locality nationwide in foreign direct investment (FDI) with total investment during the first four months of this year accounting for 30.6 percent of the total capital poured into the Vietnamese economy.
A conference was held in Hanoi on May 16 to gather recommendations on development priorities for Vietnam in the 2021-2030 period.
VOV.VN - The total turnover of Vietnam’s import-exports is expected to reach US$500 billion this year, according to the General Department of Vietnam Customs.
Although full-year inflation will probably be contained at less than 4%, the average consumer price index (CPI) in the first nine months of 2018 was already 3.57%, putting the efforts to curb inflation in the remainder of the year under even greater pressure.
Financial leasing is an effective solution to solving medium- and long-term capital shortages for local businesses, head a conference held by the BIDV-SuMi TRUST Leasing (BSL) in Ho Chi Minh City on August 1.
The International Monetary Fund (IMF) hopes it would support Vietnam to become a country with higher average income and even high income in the next decade, said Changyong Rhee, Director of the IMF’s Asia and Pacific Department.
The upcoming valid EU-Vietnam Free Trade Agreement (EVFTA) will create a strong driving force for fostering Vietnam – EU comprehensive economic partnership via the abolition of 99% of import tariffs in the next 7-10 years.
Joint winner of the 2004 Nobel prize in Economics, Prof. Finn Kydland, spoke to Viet Nam News about the Vietnamese economy and growth on the sidelines of the 2018 Recontres du Vietnam – a development initiative that has brought world-renowned scientists to Vietnam for discussions since 1993.
According to the Asian Development Outlook report by the Asian Development Bank (ADB), the Vietnamese economy will continue to enjoy strong growth with GDP growth expected to reach 7.1% this year, putting it among the three best performers in the region.
The Vietnamese economy’s growth momentum in early 2018 has laid a foundation for expectations of strong economic development throughout the year, said Deputy Minister of Planning and Investment Nguyen Van Hieu.
The Vietnamese economy showed positive signals in January with hikes in export-import as well as domestic and foreign investment.
The business community will define the future of the Vietnamese economy in the coming decades and serve as an important driving force to achieve prosperity, stated Prime Minister Nguyen Xuan Phuc at the 2017 Vietnam Business Forum (VBF)’s year-end session in Hanoi on December 12.
The Vietnamese economy urgently needs to find new drivers for growth in the period from 2018-20 to achieve rapid but sustainable development, Deputy Prime Minister Vuong Dinh Hue said at a conference held by the Vietnam Academy of Social Sciences in Hanoi on November 15.
A scientific seminar on driving forces of the Vietnamese economy took place in Hanoi on November 15, attracting domestic and foreign experts.
VOV.VN - The General Statistics Office reports that Vietnam’s GDP in the third quarter increased 7.46%, a record high in recent decades. With the current growth rate, Vietnam will likely realize its annual growth target of 6.7%.