dynamism part of growth ambitions

Dynamism part of growth ambitions

Based on the achievements so far of the year, Deputy Minister of Planning and Investment Tran Quoc Phuong told VIR’s Nguyen Huong about the current difficulties in the economy, and measures to reach goals set for the year.
bright future for vietnams foreign investment attraction insiders

Bright future for Vietnam’s foreign investment attraction: insiders

Vietnam's foreign direct investment (FDI) attraction has seen signs of recovery after continuous declines over the past six months, becoming a driving force for the country’s economic growth in the medium and long term, said insiders.
fdi attraction consumption tourism silver linings of vietnams h2 economic growth

FDI attraction, consumption, tourism silver linings of Vietnam’s H2 economic growth

Foreign direct investment (FDI) attraction, consumption, and tourism are considered silver linings in Vietnam’s economic growth in the coming months of this year, insiders said.
heavy tasks set up to reach growth goals

Heavy tasks set up to reach growth goals

The government is placing prime priority on boosting economic growth via key drivers, with the business community set to get more assistance.
flexible and prudent fiscal policies protecting vietnam

Flexible and prudent fiscal policies protecting Vietnam

The Vietnamese government is making efforts to reach its target for economic growth in 2023 at 6-6.5 per cent this year. Nguyen Ba Hung, principal country economist at the Asian Development Bank (ADB) in Vietnam, talked with VIR’s Thanh Tung about key momentum for the economy towards the year’s end.
pressure to achieve gdp growth of 65 per cent

Pressure to achieve GDP growth of 6.5 per cent

Amidst the challenges in the US and EU markets, and a slower than expected recovery in China, Vietnam is facing more pressure to drive growth in the domestic market over the remainder of the year.
vietnam prepared for production pressures

Vietnam prepared for production pressures

Vietnam’s industrial performance, which is the key economic growth pillar, is facing major challenges coupled with a reduction in business confidence, depressing the country’s economic prospects.
outlooks lowered as weaker trade hampers 2023 growth

Outlooks lowered as weaker trade hampers 2023 growth

Slow recovery in domestic production and continued global challenges are expected to leave Vietnam behind its economic growth target this year, with international organisations lowering their forecasts.
thailand lowers growth projection to 35 pc this year

Thailand lowers growth projection to 3.5 pc this year

Thailand's finance ministry has lowered the country's economic growth projection for 2023 to 3.5 per cent from the previous forecast of 3.6 per cent despite a strong recovery in tourism.
tech spending in asia pacific should remain robust

Tech spending in Asia-Pacific should remain robust

According to the International Monetary Fund’s recent regional report, the economy in Asia is poised for growth in 2023. With China and India driving much of the growth, the region’s economy is set to grow by 4.6 per cent this year. Economic growth has a direct impact on technology spend as well.
social development targets set in national master plan

Social development targets set in National Master Plan

Under the National Master Plan for the 2021-2030 period with a vision to 2050, Vietnam is set to become a developing nation with modern industry, high average incomes, and economic growth by 2030, based on science and technology, innovation, and digital transformation.
poor governance stifling recovery

Poor governance stifling recovery

Economic growth has slowed in 2023 as tighter financial conditions weakened investment and consumer demand. Market adjustment to changing conditions in Vietnam has been held back by poor compliance with corporate reporting rules in both the private and public sectors.
cp vietnam and hoa binh partner on agricultural enhancement and economic growth

C.P. Vietnam and Hoa Binh partner on agricultural enhancement and economic growth

A signing ceremony on agricultural enhancement and economic growth between C.P. Vietnam Corporation (CPV) and Hoa Binh People's Committee took place on July 18.
smoother regulations on the agenda

Smoother regulations on the agenda

With a low economic growth rate for the first half of the year, Vietnam is further truncating and eliminating business regulations which will benefit enterprises and investors.
setting a strong impression for socioeconomic advances

Setting a strong impression for socioeconomic advances

Although the target of 6.5 per cent GDP growth in 2023 is challenging, the disbursement of public investment could still help Vietnam get as close to that goal as possible. Deputy Minister of Planning and Investment Tran Quoc Phuong explained to VIR’s Nguyen Huong how the gradual improvement of disbursement will be a strong premise for economic growth for the rest of the year and into 2024.