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.
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.
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.
Consumption dip impedes inflation

Consumption dip impedes inflation

Vietnam is expected to see an average inflation rate below its target of 4 per cent this year as economic growth slows due to stunted production and consumption.
Protracted restrictions put main growth drivers at risk

Protracted restrictions put main growth drivers at risk

A continued trade deficit over the past few months and an expected drop caused by the global health crisis in inflows of foreign investment are unlikely to weaken Vietnam’s external position this year.
Fiscal action to offer efficient support access

Fiscal action to offer efficient support access

To help achieve its desired economic growth target, the National Assembly Standing Committee is expected to sign off on a new fiscal initiative that will aim to benefit the business community and individuals. However, exactly how this scheme will spur on domestic production remains in question.
Banking stability playing key role in economic health

Banking stability playing key role in economic health

The first half of this year has come and gone, with a very interesting case on why banks still bear fruit with upbeat business results during a difficult time for the economy.
Industrial production shores up post-pandemic prospects

Industrial production shores up post-pandemic prospects

Despite enormous difficulties remaining due to the COVID-19 crisis causing disruptions in supply chains, domestic industrial production has continued bouncing back, promising a brighter picture for economic growth.
Public investment hike cited for stellar economic recovery

Public investment hike cited for stellar economic recovery

The domestic economy has been gradually escaping from a slowdown, with growth bouncing back over the past three months thanks to the government’s efforts to curb the pandemic..
Stimulus sustained to ensure business performance revival

Stimulus sustained to ensure business performance revival

Despite lower-than-expected economic growth for the first half of the year, the government has yet to propose a plan to the National Assembly to adjust the growth target for the whole year..
Positive factors in place for economic growth in 2021

Positive factors in place for economic growth in 2021

The country’s economic growth in the first half of the year is expected to remain lower than expected due to the pandemic affecting production and business.
Vietnam capable of achieving twin targets: ADB Country Director

Vietnam capable of achieving twin targets: ADB Country Director

Vietnam has sufficient conditions to achieve the twin targets of curbing the COVID-19 pandemic and securing economic growth in 2021, according to Country Director of the Asian Development Bank (ADB) Andrew Jeffries.
Transitioning from recovery to growth

Transitioning from recovery to growth

Production activities in Vietnam are on the rise, promising to further spur on economic growth.
Positive growth revisions on the cards after resilient Q1

Positive growth revisions on the cards after resilient Q1

With its relatively good economic growth in the first quarter driven by surging manufacturing and processing activities and strong control of COVID-19, Vietnam has earned more praise from high-profile international organisations that are expected to revise up the country’s growth outlook this year.
Foreign direct investment spurs economic growth in Vietnam (Infographics)

Foreign direct investment spurs economic growth in Vietnam (Infographics)

Foreign direct investment plays an important role in Vietnam's economic growth.
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