The US magazine Forbes said Vietnam can meet its target of 6.7% GDP growth in 2017 thanks to five engines, including its resources and trade agreements with other nations. The magazine cited Oscar Mussons, international business advisory associate with the DezanShira& Associates consultancy in Ho Chi Minh City, as saying that firstly, Vietnam keeps giving foreign companies reasons to invest thanks to its lower ...
Read more2016 was a challenging year for the Vietnam's economy when the global economic growth, and trade were lower than forecast. But with efforts of institutional reform, and investment and business environment improvement, the economic–social situation of our country continued to change positively and achieved remarkable results. Need to appreciate and enhance internal resources, based on internal economic development. Photo: collected. Macro-economy to be stabilized, ...
Read moreVietnam should recognise factors that affect its economy’s productivity and competitiveness to maintain high and sustainable growth, domestic and foreign experts have said. They made the recommendation at a workshop in Hanoi on December 13 that discussed research on Vietnam’s economy and growth diagnostics. The country’s economic growth reached 6.68 percent in 2015 – a five-year high since 2011. This year’s GDP is expected ...
Read moreHanoi estimates its gross domestic product (GDP) growth rate this year will reach 8.03% – the highest in six years. The municipal People’s Committee met on November 7 to review the socio-economic situation in 2016 and set tasks for next year. While the services sector’s expansion was estimated at 8.1 percent, industry and construction have risen by 8.8 percent, and agriculture growth has hit ...
Read moreThe Ministry of Foreign Affairs of Vietnam recently hosted a press conference to announce three important multilateral foreign affairs events, including the 7th Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy Summit (ACMECS 7), the 8th Cambodia - Laos - Myanmar - Vietnam Summit (CLMV 8), and the World Economic Forum on Mekong region (WEF Mekong), scheduled to take place from October 24 ...
Read moreVietnam's economic growth is forecast to stand at just 6 per cent while inflation may hit 5 per cent in 2016, said Dr Nguyen Duc Thanh, Director of theVietnam Institute for Economy and Policy Research (VEPR). 6.3- 6.5 per cent growth target is hard to reach At a recent meeting of releasing the macroeconomic report for the third quarter of 2016 held by VEPR, ...
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