Industrial development and economic growth

Despite this, Lam states that, "achieving the 6.8% growth target is a big challenge as the country has a high level of economic openness, over 200% annually, and is heavily dependent on outside partners while major partner countries are closing trade borders to prevent the epidemic outbreak which is exerting an enormous impact on the Vietnamese economy". … [Read more...] about Solutions for Vietnam to maintain its current economic growth

Simultaneously, the State Bank of Vietnam has issued a decision which adjusts interest rates, with reductions placed on refinancing interest rate from 6% to 5% annually, in addition to dropping rediscount interest rates from 4% to 3.5% per year. This comes after the Ministry of Finance recently proposed increasing the fiscal support package for deferral tax payments to VND80,200 billion. … [Read more...] about Solutions for Vietnam to maintain its economic growth

“In the near future, we will implement pilot programmes on collecting plastic waste in Hanoi and Ho Chi Minh City,” he said. “And not only are we reducing the plastic used in making water bottles, we will also continue reducing the material volume in many other products. This is to save costs and protect the environment.” … [Read more...] about Global powerhouses to back circular economy