Digital economy likely to contribute 25.5pc to Malaysia’s GDP by 2025: Minister

Digital economy likely to contribute 25.5pc to Malaysia’s GDP by 2025: Minister

Digital economy is expected to contribute 25.5 per cent to Malaysia’s Gross Domestic Product (GDP) in 2025, and the country will attract major investments to data centres, innovation, and digital economy in the next few months, said Minister of Communications and Digital Fahmi Fadzil.
Fostering industrial success through institutional growth

Fostering industrial success through institutional growth

If internal issues are resolved, Vietnam can reach its objective of increasing industry’s contribution to GDP to over 40 per cent by 2030.
Hung Yen leaps in Provincial Competitiveness Index

Hung Yen leaps in Provincial Competitiveness Index

Hung Yen has continued to improve its position in the Provincial Competitiveness Index (PCI) in 2022, ranking 14th out of the 63 cities and provinces.
Growth goals take hit after tricky Q1

Growth goals take hit after tricky Q1

Despite a gradual rebound in retail and consumption, lingering difficulties since Q4 last year are expected to continue making dents in economic growth of 2023, with industrial production declining in the first months of the year.
High pedestal to reach for 2023’s growth ambitions

High pedestal to reach for 2023’s growth ambitions

A series of risks including a reduction in domestic production and global demand, and heightened geopolitical complexity are expected to make it more difficult for Vietnam to reach its economic growth indicators this year.
Focused spending can set a solid base for positive outcome

Focused spending can set a solid base for positive outcome

The GDP objective in 2023 is 6.5 per cent, and inflation below 4.5 per cent, given that the global economy will continue to fluctuate with the threat of a national recession.
Scenarios set for government’s growth ambitions

Scenarios set for government’s growth ambitions

Increases in domestic consumption, production, and foreign direct investment are set to enable the economy to achieve its growth target this year.
Tactics bulked up to meet tourism targets

Tactics bulked up to meet tourism targets

With a target of $28.3 billion in revenue, contributing 5 per cent of the country’s GDP, Vietnam’s tourism sector needs a clear strategy if it is to have a successful 2023.
Strength to strength in EU relations

Strength to strength in EU relations

The EU-Vietnam Free Trade Agreement (EVFTA) has helped elevate trade and investment ties between Vietnam and the EU since it took effect in August 2020. Giorgio Aliberti, Ambassador and Head of the European Union Delegation to Vietnam, writes about how the EVFTA has contributed to this cooperation, and concerns from the EU side regarding the implementation process.
Economy buckles up for bumpy year

Economy buckles up for bumpy year

With a slow performance since last October, domestic industrial production for the first quarter of this year is expected to remain low, with the economy set to face more difficulties this year, according to a slew of recent estimates.
Vietnam’s retail sales forecast to reach 350 billion USD by 2025

Vietnam’s retail sales forecast to reach 350 billion USD by 2025

The scale of the domestic retail market is expected to increase from 142 billion USD at present to 350 billion USD by 2025, contributing 59 per cent of the national GDP, according to the Ministry of Industry and Trade (MoIT).
Anticipated GDP growth rate for 2022 hits 8.02 per cent

Anticipated GDP growth rate for 2022 hits 8.02 per cent

This is the highest growth rate in over a decade, indicating a robust economic rebound this year.
Digital economy hoped to make up 20pc of Vietnam’s GDP by 2025

Digital economy hoped to make up 20pc of Vietnam’s GDP by 2025

Vietnam expects its digital economy to account for 20 percent of GDP by 2025.
Acceleration sought for socioeconomic recovery

Acceleration sought for socioeconomic recovery

The national Plan on Socioeconomic Development next year may not reach its desired growth goal if risks continue lingering and the country’s hallmark scheme on recovery keeps its existing slow pace in implementation.
Manoeuvering safely amid global adversity

Manoeuvering safely amid global adversity

Despite a high growth forecast for this year thanks to several advantages, the government is taking great caution setting a growth target for 2023 due to numerous lingering challenges.
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