reforms rev up economic growth

Reforms rev up economic growth

Legal and administrative reforms and improved business policies contributed to high economic growth, higher export revenues and a flourishing in foreign investment during 2006, the government concluded in its year-end cabinet meeting last week.

Successful shot at social economic targets

Vietnam is more likely to achieve its social economic growth targets this year, as the country has witnessed positive results in key industries so far, according to the government’s regular meeting last week on reviewing January-October social economic development.

High exports drive growth

Vietnam’s economic growth for the year has been forecast to rise higher than the annual target if economic indicators of all industries remain strong in the final quarter of the year.

FDI rides high on economy

Vietnam’s significant economic growth and improved investment climate have resulted in an impressive 25 per cent increase on last year’s foreign direct investment figure.
safe foreign debt level to fuel growth

Safe foreign debt level to fuel growth

The Ministry of Finance (MoF) last week announced that the nation’s foreign debt was still within safe limits, ensuring economic growth of around 8 per cent during the next five years.

MPI shoots for modest target

Vietnam could reach an economic growth rate of 8.4 per cent this year, but considering land prices and other market factors, the Ministry of Planning and Investment has proposed a goal of 8.0 per cent for 2006 as part of its upcoming socio-economic plan.
economy fuels giant development strides

Economy fuels giant development strides

Sustained economic growth has propelled Vietnam’s human development ranking to 108 of 177 nations, from 112 in 2004, according to the United Nations Development Programme’s (UNDP) 2005 Human Development Report (HDR), released last week.

PM clips state officials’ wings to lift economy

Government officials have been ordered to stay at home and focus on steering the economy towards achieving 9.3 per cent economic growth for the second half of 2005, in a bid to achieve the year’s targeted 8.5 per cent growth rate.
singapore retailers market raid

Singapore retailer’s market raid

Singaporean retailer Giant South Asia Investments Pte is looking to cash in on Vietnam’s growing consumer market, which is being fuelled by strong economic growth.
na gathers to ignite wto bid

NA gathers to ignite WTO bid

The National Assembly (NA) convened its summer meeting last week to focus on making laws to facilitate the country’s accession to the World Trade Organisation (WTO) and consider measures to boost economic growth.
state targets record economic growth

State targets record economic growth

The government has vowed to take strong measures to ensure record high economic growth for the coming year.

Economic stats fail to impress NA

Vietnam’s strong economic growth in 2004 is pleasing government officials but still not satisfying the National Assembly (NA), which is calling for the government to implement further measures to achieve its economic commitments.

MPI: economy to grow 7.7 per cent

Vietnam’s economic growth is expected to hit 7.7-8 per cent in the second half of this year despite June’s record high consumer price index. The economy is projected to expand by 7.5 per cent over the entire year, given that GDP recorded around 7 per cent growth in the first six months, according to the Ministry of Planning and Investment (MPI).

Natural disasters and bird flu hit economy hard, but tourism holding steady

NATURAL disasters, calamities and epidemics have dealt a heavy blow to economic growth in Vietnam in the first quarter of this year, according to the latest report from the General Statistical Office (GSO).

MPI: economic growth set to hit 8 per cent

VIETNAM is likely to achieve economic growth of more than 8 per cent next year, according to the Minister of Planning and Investment, Vo Hong Phuc.