Economic growth how to

Ly Dai Hung from the institute’s Macro-economy and Economic Institution Division said that the world situation is showing positive signs, as COVID-19 vaccines have begun to be introduced in countries such as India, Indonesia, and Switzerland and will be expanded to others throughout the year. The world economy will warm up along with the implementation of various economic support packages, thus promoting Vietnam’s trade and investment activities, he said. Delegates from research institutes discussed measures at the conference to boost post-pandemic economic growth based on innovation and digital transformation. They stressed the importance of renewing policies and institutions to encourage the engagement of the private sector in the process. It is also necessary to quickly carry out a digital transformation strategy in line with new economic stimulus packages, they added./. … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

The Ministry of Industry and Trade is continuing to provide information related to EVFTA implementation through its website (http://evfta.moit.gov.vn/) while promoting market research to help businesses take advantage of EVFTA-based tariff incentives. The ministry will maintain its weekly agricultural-forestry-fisheries newsletter, build a market information channel to update businesses on market developments, and forecast and evaluate market supply, demand and prices to help businesses prepare appropriate production and trade development plans. It will also promote branding of exports to the EU. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

Hanoi (VNA) – Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18. In the article, the author cited data from the World Bank as saying that the country’s  gross domestic product (GDP) grew by 7 percent in 2019, similar to 2018, one of the fastest growth rates in the region. It is argued that if Vietnam can maintain a 7 percent increase in economic growth over the next decade, the country will follow the same trajectory as the previous "Asian Tigers,”  according to the article. International trade was also progressively liberalised, with the signing of various free trade agreements, it said, adding that the World Bank now considers Vietnam one of the most dynamic emerging … [Read more...] about New Zealand media: Vietnam – the time has come

Data from the Ministry of Planning and Investment showed that Thailand had 40 new registered projects, 23 projects registering for capital adjustment and 100 capital contribution and share purchases in Viet Nam with total registered capital of nearly US$1.8 billion last year. … [Read more...] about Thai investment in Viet Nam increases

The government has adopted many important and effective support packages. If new stimulus packages continue to be launched, it will lead to overlapping in policy implementation. What needs to be done now is to observe market developments, catch up with consumer habits and trends, and devise appropriate solutions and strategies. … [Read more...] about Additional stimulus packages may be needed to support the economy