The National Assembly recently passed a resolution on the socio-economic development plan for next year, with the majority of deputies agreeing with economic proposals tabled and the goal of recording GDP growth of about 6%. This is a reasonable growth rate, deputies said, and fully achievable.
The East Sea plays a vital role in Vietnam’s defence, security, and economy. The Vietnamese Party and State have issued important policies on East Sea issues, to protect the country’s independence, sovereignty, unity, and territorial integrity, maintain a peaceful environment, and ensure security, social order, and safety for national construction and defence.
Moody's Analytics, a unit of Moody’s Corporation, has forecast Vietnam, together with China and Hong Kong (China), would see the fastest growth in 2021, thus making the Asia-Pacific region lead the global recovery from the COVID-19 pandemic.
RCEP is the Association of Southeast Asian Nations (ASEAN)’s biggest free trade pact to date, covering a market of 2.2 billion people with a combined size of 26.2 trillion USD or 30 percent of the world’s GDP.
The Eurasian Times has recently published an article on Vietnam’s success in attracting foreign direct investment (FDI), saying the Southeast Asian nation has emerged an FDI hub in Asia.
Ho Chi Minh City must work to sustain its role as Vietnam’s economic locomotive, driving growth in the surrounding area and the country as a whole based on its creative implementation of Party and State policies, Prime Minister Nguyen Xuan Phuc has said.
Party General Secretary and State President Nguyen Phu Trong has urged Hanoi to make greater efforts in Party building, personnel development and rule building, in order to deserve its position as the national centre of politics and culture.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.
Party General Secretary and State President Nguyen Phu Trong on September 3 lauded the Ho Chi Minh City Party organisation for its thorough preparations for the upcoming 11th municipal Party Congress (2020-2025 tenure).
Ho Chi Minh City is expected to reach 10 out of 13 key targets despite difficulties and challenges both domestically and internationally. One outstanding result is that the proportion of the city’s economy in the national economy continues to rise and now accounts for more than 22%.
The Ho Chi Minh City Securities Center (the forerunner of the Ho Chi Minh City Stock Exchange, or HoSE) held its first trading session in July 2000, marking the birth of Vietnam’s securities market. Two decades later, the market has affirmed its role as an effective capital mobilising channel for the economy, contributing significantly to the equitisation of State-owned enterprises (SOEs) and aimi
Regardless of the Covid-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia, according to international organisations.