growth

Minister of National Defence Sen. Lt. Gen. Phan Van Giang talked over phone with his Canadian Defence Minister Harjit Singh Sajjan on May 6.

Vietnam will record positive economic growth in 2021, at around 6-7 percent, if the country continue support for vulnerable groups in the economy, as well as the freshly-rolled out vaccination campaign, said Jonathan Ostry, Deputy Director of the Asia and Pacific Department of the International Monetary Fund (IMF).

Over the past decade and a half, VNG has diversified into cloud computing, ads, digital payments and media, and built up one of the biggest digital user bases in Vietnam, said an article recently published on the Japanese newspaper Nikkei Asia.

Prime Minister Pham Minh Chinh on May 5 presided over the Government’s April meeting, which was the first meeting of the Cabinet after it completed the personnel work last month.

HCM City is to become a smart urban area, maintain its role as the country’s economic engine, and realise its goal of becoming an economic and financial hub in Asia, experts have said.

Party General Secretary Nguyen Phu Trong lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony marking the sector’s 70th founding anniversary (May 6).

The portal of the Austrian Federal Economic Chamber has run an article hailing Vietnam’s consistent, drastic and effective measures against the COVID-19 pandemic, adding that the Vietnamese market remains attractive to Austrian firms.

The number of new enterprises established in the first four months of 2021 rose 17.5 percent from a year earlier, the fastest growth since 2017, and it increased in all economic sectors, according to the General Statistics Office (GSO).

German newswire Finanzen.net has published an article on Vietnam’s economic achievements despite COVID-19 and explaining reasons behind the nation’s tourism growth.

Vietnam’s index of industrial production (IIP) in April is estimated to rise by 24.1 percent year-on-year, driven by the positive impact of free trade agreements (FTA), according to the General Statistics Office.

Throughout history, Vietnam has always put its people at the centre of every socio-economic development strategy, programme, and project, thereby obtaining considerable and multifaceted achievements in ensuring human rights.

Leaders of European businesses have started 2021 with optimism about the trade and investment environment in Vietnam, according the Business Climate Index (BCI) for the first quarter of 2021 released by the European Chamber of Commerce (EuroCham) on April 30.

One of Vietnam’s top priorities in its agenda as a non-permanent member of the UN Security Council (UNSC) for 2020-2021 is to strengthen the role of regional and sub-regional organisations, Ambassador Dang Dinh Quy told the Vietnam News Agency on April 29.

Vietnam’s consumer price index (CPI) in April was down 0.04 percent against the previous month while up 2.7 percent year on year, according to the General Statistics Office (GSO).

Vietnam’s economic growth is expected to rebound to 6.7 percent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7 percent in 2022, according to the Asian Development Bank (ADB).

Local construction firms face the risk of bankruptcy as the price of steel has soared 40 percent recently.

The foreign direct investment (FDI) sector continues to be an important economic driver, contributing to making Vietnam more prosperous, Deputy Prime Minister Pham Binh Minh said.

The second Trade Policy Review (TPR) session of the World Trade Organisation (WTO) for Vietnam was held in the form of videoconference on April 27.

Deputy Prime Minister Pham Binh Minh on April 27 sent a video message to the 77th Session of the United Nations Economic and Social Commission of Asia and the Pacific (UNESCAP) at the invitation of A.S.Alisjahbana, UN Under-Secretary General and UNESCAP Executive Secretary.