developing asia growth outlook slightly down in 2021 2022

Developing Asia growth outlook slightly down in 2021-2022

The Asian Development Bank revised its economic growth outlook for developing Asia, down slightly to 7 per cent this year and 5.3 per cent next year, after renewed outbreaks of coronavirus disease led to slower growth in the third quarter.
digital transformation driving growth and innovations with 5g

Digital transformation: Driving growth and innovations with 5G

The virtual forum “Digital Transformation – Driving Growth and Innovations with 5G” hosted by Vietnam Investment Review under the auspices of the Ministry of Planning and Investment opened in the morning of December 14 to share practical experiences on the
high quality outlook for development plan

High-quality outlook for development plan

As a key part of its Socioeconomic Development Plan for 2022 and Economic Restructuring Plan for the 2021-2025 period, Vietnam is set to foster a digital economy in the hope of achieving higher quality in economic growth.
low carbon economic growth green building examples from the world

Low-carbon economic growth: Green building examples from the world

One of the countries to be most impacted by climate change and with one of the fastest growth in greenhouse gas emissions globally, Vietnam sits in the crosshairs of the climate crisis.
fresh push ahead for nations ever improving enterprises

Fresh push ahead for nation’s ever-improving enterprises

Despite massive difficulties remaining due to the health crisis causing major disruptions in supply chains, domestic industrial production has continued bouncing back, promising a brighter picture for economic growth.
domestic resources key to achieve development goals undp expert

Domestic resources – key to achieve development goals: UNDP expert

Vietnam must consistently invest a larger share of national income if it is to achieve the targets set out in the ten-year development strategy of achieving upper middle-income status by 2030 and high-income status by 2045, while coping with formidable challenges of COVID-19, according to Professor Jonathan Pincus, UNDP Senior International Economist.
innovation to be the new engine of vietnams growth

Innovation to be the new engine of Vietnam's growth

Promoting technology absorption and diffusion, and enhancing human capital will be key to driving sustained economic growth in Vietnam, according to two new reports launched today by Vietnam’s Ministry of Science and Technology, the Australian government, and the World Bank.
humble disbursement can turn the corner

Humble disbursement can turn the corner

Boosting public investment and further supporting struggling enterprises to recover will be key momentum for achieving higher economic growth moving into next year.
tech goals rising for a digital decade

Tech goals rising for a digital decade

As a central part of its economic restructuring plan until 2025, Vietnam will continue providing policy and financial assistance to investors and businesses with projects to digitalise themselves, which will help drive higher quality in economic growth.
gas and oil hikes put strain on businesses

Gas and oil hikes put strain on businesses

The escalating petroleum and oil prices are exacerbating pressure on the consumer price index and economic growth, leaving many households and business with an unbearable burden on their balance sheets.
remedies crafted to soothe out of reach business goals

Remedies crafted to soothe out-of-reach business goals

With Vietnam seriously hit by difficulties caused by the health crisis, the country’s 2021-2025 Economic Restructuring Plan is to prioritise further support for struggling enterprises as one of the key remedies for the nation to reach 1.5 million private firms and an annual economic growth rate of 6.5-7 per cent over the next four years.
vietnam pulls out all stops to recover ground lost to virus

Vietnam pulls out all stops to recover ground lost to virus

Lower-than-expected economic growth this year may undermine the country’s efforts to reach its medium-term goals. The National Assembly and the government will therefore provide further assistance to struggling businesses and create new space for the private sector to flourish.
the game changer of rcep for future regional trade windfalls

The game-changer of RCEP for future regional trade windfalls

The Regional Comprehensive Economic Partnership (RCEP) is especially important today because you need to keep trade lanes open – and this is a trade-dependent region. But you also need to have new sources of economic growth. It seems clear that we are going to have an uneven recovery coming out of COVID-19, so you want to be harnessed to different possible engines to drive the recovery.
zooming ahead in sustainable economic growth digitally

Zooming ahead in sustainable economic growth – digitally

Over the past three decades, Vietnam’s socioeconomic growth has been a remarkable success story. However, rapid economic development and industrialisation has come at a cost. Energy consumption has tripled over the past decade, making Vietnam one of the most energy intensive countries in East Asia. Greenhouse gas (GHG) emissions are increasing rapidly and expected to triple by 2030.
gigantic lifeline en route for essential businesses

Gigantic lifeline en route for essential businesses

In a bid to help the country recover after the economy grew at a very low level in the third quarter, a huge financial support package is to be offered to enterprises whose performance is a backbone of economic growth.