Economic growth under bill clinton

In addition, a plan to develop HCMC into a financial center in the region and the world will be drafted. The city will encourage the production and export of hi-tech goods, software and digital products, which have high added values and need a small volume of laborers and natural resources. … [Read more...] about HCMC expects to become economic, financial hub in Asia

Desmond Sim, head of CBRE'S research team in Southeast Asia, said: "Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields." … [Read more...] about HCMC among investors’ 10 most preferred markets in Asia-Pacific: report

Vientiane (VNA) – Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report. The Asian Development Outlook (ADO) 2020 Update predicts Laos’ GDP to contract by 2.5 percent in 2020, marking its first negative economic growth since 1986-1987. The growth is expected to rebound to 4.5 percent in 2021, suggesting a slow recovery as the pandemic outbreak is said to subside slowly. ADB Country Director for Laos Yasushi Negishi said the COVID-19 outbreak has not only affected the economic growth in 2020 but also hampered the government’s prospect to collect revenues. The Lao government needs to improve macro-fiscal framework and accelerate public finance reform to create more fiscal space to buffer shocks, he stressed. The bank’s report also shows that agriculture would grow at 1.9 percent … [Read more...] about Laos’ GDP forecast to contract by 2.5 percent: ADB

Looking back on the 12th tenure and 35 years of the “Doi Moi” (Renewal) process, the Party General Secretary said that, over the last five years, grasping the advantages and opportunities, and overcoming the challenges and hardships, particularly the negative impacts of the COVID-19 pandemic and natural disasters, the entire Party, people, and army have upheld a spirit of patriotism, solidarity, determination, mettle, and creativeness to work relentlessly and gain a number of very important and comprehensive achievements. Thanks to such efforts, the country has witnessed robust and sustainable growth with heightened trust among the people in the Party, State, and the socialist regime. … [Read more...] about 13th National Party Congress: Stepping up renewal process, rapid and sustainable national development

The consumer price index (CPI), which was a major concern for people and businesses as it had increased sharply year after year, was no longer a problem in the 2016-2020 period. The CPI rose by only 3.2 percent in the 2016-2020 period. It fell sharply from the 7.65 percent rate in the 2011-2015 period. … [Read more...] about Vietnam shows its ‘firm stuff’ after five years of difficulties