Economic growth in vietnam

Hanoi (VNA) - Vietnam’s economic growth is projected at 6.17 percent in 2021 in a base-line scenario and may even reach 6.72 percent in the best-case scenario, heard a conference held in Hanoi on January 20.UN Development Programme and the Ministry of Planning and Investment’s National Centre for Socio-economic Information and Forecasting (NCIF),  the “Vietnam’s Economy in the Medium Term 2021 - 2025: Recovery and Growth Accelerates” conference brought together a large number of economists, business leaders, and representatives of international organisations and business associations to discuss the outlook for Vietnam’s economy over the next five years and the actions needed to turn the expected rebound from COVID-19 into a sustainable economic recovery.COVID-19 rebound into a bold recovery in 2021 and beyond. Equally, it will determine the ability of the country to accelerate policies to achieve the medium-term aspirations of realizing the … [Read more...] about 2021 GDP growth may reach 6.72 percent in best-case scenario: Conference

The scholar expressed his impression on the number of COVID-19 infections and fatalities in Vietnam that remain very low in comparison with those in other countries in Southeast Asia and the world, given its population of nearly 100 million. Regarding the 13th National Party Congress, scheduled to take place from January 25 to Feberuary 2, Singh said the event is of special significance as it will put forth socio-economic development plans for the country in the next five years when Vietnam has to face the impact of the pandemic and competition among trading partners at the same time. The scholar suggested Vietnam carry forward its performance in handling internal matters, while tightening its coordination with other ASEAN member countries. Vietnam needs to continue with COVID-19 prevention and control measures, maintain economic growth and political stability, and prove its role in regional and international issues, he said. Singh expressed his belief that with those efforts, … [Read more...] about Singaporean scholar impressed by Vietnam’s successes

Speakers highlighted historical and ongoing efforts as well as current challenges, from combating terrorism to increasing women’s involvement in peace processes, with some commending the year-old United Nations Liaison Office to the Arab League and others outlining ways to forge further progress. Many called for fresh efforts to advance a two-State solution to the Israeli-Palestinian conflict, urging the parties to return to peace talks./. … [Read more...] about VIETNAM NEWS JANUARY 20

However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

The ambassador said Vietnam and Laos will further deepen their political ties in 2021 while enhancing cooperation in national defence, security, and external affairs. They will also raise the efficiency of cooperation in economy, culture, education, health care, and science-technology, and expand exchanges between citizens as well as localities. He suggested intensifying mutual support in dealing with the consequences of COVID-19 in order to quickly resume economic growth. According to the ambassador, Laos is the largest recipient of Vietnam’s overseas investment, amounting to 4.22 billion USD to date in 414 projects. Apart from citizen protection, which is considered a top priority in the face of the pandemic, the Vietnamese Embassy in Laos has paid attention to facilitating Vietnamese investment in the country through various activities, he said./. … [Read more...] about Vietnam-Laos relations even more special amid COVID-19: Ambassador