First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s
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Illustrative image (Photo: baoquocte.vn) Hanoi (VNA) - Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard. The Ministry of Foreign Affairs and Vietnam Economic Times co-held the Connections for Development Forum 2021 held late last month, with the theme “Seizing New Opportunities for Localities and Businesses”. Addressing the forum, Deputy Prime Minister Pham Binh Minh said that Vietnam is emerging as an attractive investment destination in Asia and its nation brand value is growing at the fastest rate in the world, rising nine places to 33rd in the top 100 nation brand rankings. The FDI sector has become an important driver of Vietnam’s economic growth, with its contribution to GDP rising considerably, he noted. As of December 2020, Vietnam had a total of 33,070 FDI projects worth over 384 billion USD, with 231.86 billion USD, or
Car sales have dropped sharply because of the fourth Covid-19 outbreak, prompting dealers to offer big discounts. The Vietnam Auto Manufacturers' Association reported that its members sold 25,585 products in May, including 17,581 passenger cars, and 7,482 commercial and 522 specialized vehicles, which represented a 14 percent, 16 percent and 33 percent decrease, respectively, from the previous month. The number of domestically assembled cars sold was 13,825, down 20 percent, while the number of imports sold was 11,760, down 7 percent. Meanwhile, TC Motor reported that it sold 6,053 cars in the month, which was lower than the 6.538 in April. VinFast sold 2,855 cars, a slight increase compared with April (2,717). Most of the bestsellers saw a sales decrease compared with April. About 1,789 Toyota Vios were sold in May (the figure was 1,950 in April), while the figures were 1,620 for Hyundai Accent (2,150), 953 for Hyundai Grand i10s (1,212), and 584 for Honda City (749).
IPs in Dong Nai take measures to prevent COVID spread from HCM City HCM City begins the biggest vaccination drive 71-year-old woman becomes Việt Nam's 62nd COVID-19 related death Recovered COVID-19 patient giving back to the community Technology leads the way in anti-COVID-19 strategy The facility in Đông Anh, Hà Nội of the National Hospital for Tropical Diseases. HÀ NỘI - Two more people have died of COVID-19 complications in Việt Nam, a woman aged 90 and a 67-year-old man. Their deaths were announced Saturday afternoon and take the total number of fatalities to 64. The woman lived in Bắc Giang Province and tested positive for COVID-19 on June 12. After developing a severe cough, shortness of breath and fatigue, she was transferred to the Intensive Care Unit at Bắc Giang Mental Hospital. Despite treatment, her condition worsened and she died on June 18. Her cause of death has been recorded as severe pneumonia caused by SARS-CoV-2, progressive
Arif Widjaja, general director of Japfa Vietnam said, “We highly appreciate the initiative to establish the COVID-19 Vaccine Fund of the Vietnamese government with a view to offering vaccination to at least three-fourths of the population. With the commitment to doing sustainable business, we go hand in hand with Vietnam during these hard times to overcome the pandemic.” Japfa Vietnam hands over $1 million to the C OVID-19 Vaccine Fund “Since the outbreak of the pandemic, Vietnam has always been among the few countries successfully containing the pandemic. Considering the open immunisation strategy for the people, the decisive leadership of the government, and the solidarity and unity of the people and businesses, I believe that Vietnam will contain the spread of the pandemic and continue its high economic recovery momentum,” he added. At the donation ceremony, Do Van Chien, Secretary of the Party Central Committee and president of the Vietnam Fatherland Front