Hanoi (VNA) - Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, according to the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences (VASS). The real growth rate will depend on the world economic situation and the capacity to absorb FDI, the “Vietnam Economic Overview 2020: Promoting innovation-based economic growth” conference held by the institute on January 19 heard. VASS President Bui Nhat Quang said the COVID-19 pandemic strongly affected economic growth around the world in 2020, with most major economies posting contractions. Vietnam, however, achieved the twin targets of disease prevention and socio-economic recovery and development. It posted economic growth of 2.91 percent, the lowest since 1986, when its “renewal” process began, but higher than the figure posted in many other countries in the … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute
10 year job growth chart
Ha Nam targets 17,500 new jobs in 2021
Ha Nam (VNA) - Authorities in the northern province of Ha Nam have set a target of creating 16,500 jobs and sending 1,000 workers overseas in 2021. The provincial Department of Labour, Invalids and Social Affairs will continue to coordinate with other agencies and organise events to introduce jobs to workers currently enjoying unemployment benefits. The department will also adopt measures to offer timely support to local enterprises facing problems in production and business, thus helping ensure stable employment. … [Read more...] about Ha Nam targets 17,500 new jobs in 2021
VN eyes strong recovery from pandemic this year
Viet Nam's economy is likely to experience a strong bounce back in 2021 with GDP growing at 6.9 per cent in the best-case scenario in which the country able to secure significant FDI investment boosts coupled with a strong recovery of the global economy, according to a forecast by the Vietnam Institute of Economics (VIE). … [Read more...] about VN eyes strong recovery from pandemic this year
Soc Trang: Poverty rate plunges to 2.66 pct. in five years
Soc Trang (VNA) - The poverty rate in the Mekong Delta province of Soc Trang fell from 17.89 percent in 2016 to 2.66 percent in 2020 thanks to the effectiveness of the National Target Programme on Sustainable Poverty Reduction. The result was revealed by Ma Chi Thanh, Deputy Director of the provincial Department of Labour, Invalids and Social Affairs during a conference reviewing the five-year implementation of the programme in the Mekong Delta province on January 19. Thanh said that the number of poor households in Soc Trang was more than 57,800 in 2016, with Khmer ethnic minority families accounting for nearly 27 percent of the total. Five years later, the number was brought down to just over 8,610, or 2.66 percent of the total, he noted, adding that only 4.13 percent of Khmer ethnic minority households were classified as poor last year. The poverty rate declined more than 3 percent annually over the last five years - higher than the goal set by the provincial Party Committee … [Read more...] about Soc Trang: Poverty rate plunges to 2.66 pct. in five years
ABB supporting region’s biggest floating solar complex
Located in Ba Ria-Vung Tau province’s Quang Thanh commune, the Gia Hoet 1 and Tam Bo solar power complex projects include two solar power plants. Both projects occupy water surfaces of 40 and 41 hectares respectively. Invested in and conducted by TOJI Group with a total capacity of 70MWp, it is the largest floating solar power complex in Southeast Asia. … [Read more...] about ABB supporting region’s biggest floating solar complex