Overall, key economic indicators remain healthy and give rise to optimism. The National Centre for Socio-Economic Information and Forecast has constructed two growth scenarios for the 2021-2025 period. If the country succeeds in taking advantage of Industry 4.0, annual GDP growth can be as high as 7.5 per cent, implying that Vietnam will achieve the goal of becoming an industrial nation in 2030 and avoid the middle-income trap. In a less optimistic scenario, GDP growth is still impressive at 7 per cent per year, with labour productivity growth being 6.3 per cent annually. … [Read more...] about New decade of growth built on diligent and smart work
Country economic growth
The Party and State have paid attention to trade and service development as well as regional connectivity in economic restructuring and growth model reform, as reflected through the issuance of many relevant policies, guidelines and mechanisms, he stressed. … [Read more...] about Northern Key Economic Region needs momentum to grow further: experts
Yet the fact that communities were cut off due to roads swept away by days of rain and there are few alternative routes available shows how much still needs to be done to connect the country. Vietnam’s ‘el cheapo’ road production is costing the nation dearly. Let’s hope next year’s highway construction work will address this and reduce the road death toll too. … [Read more...] about APEC and Damrey in Vietnam: Whew! It’s over!
Singapore (VNA) – Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported. “Over the last four years, approximately 1 billion USD in funding has poured into Vietnam's e-commerce sector, reaching a record high in 2019,” the Singapore-based news outlet said. The last two years has seen the emergence of Vietnamese e-commerce players, such as Tiki, Thegioididong and Sendo, which are among the most successful e-commerce platforms in the region, it said. According to the report "Vietnam's booming e-commerce market" released by ISEAS Yusof Ishak Institute last week, the greatest potential of Vietnam's e-commerce sector can be seen via its enormous expansion, which is predicted to reach 15 billion USD in terms of revenue in 2020. In revenue terms, Vietnam’s e-commerce surged 30 percent in 2018 to reach a new high of about 8 billion USD. User penetration … [Read more...] about Singaporean outlet names Vietnam fastest growing digital economy