What is economic value added

Prime Minister Nguyen Xuan Phuc and Singaporean counterpart Lee Hsien Loong discussed on bilateral and multilateral cooperation between the two countries amid COVID-19 pandemic, over the phone on Friday. Phuc spoke highly of the efforts and comprehensive measures taken by the Singaporean Government in containing the spread of the virus and mitigating socio-economic impacts of the pandemic. He underlined the importance of international and regional cooperation in the current context and hailed the sides’ mutual medical supply support and citizen repatriation coordination. Phuc expresed thanks for the active support and contributions of Singapore and PM Lee to the success of the virtual Special ASEAN and ASEAN+3 Summit in response to COVID-19 that took place last April. Meanwhile, Lee was impressed by the success of Viet Nam’s fight against COVID-19 and thanked the Government and people of Viet Nam for having donated medical supplies to his country, adding that the … [Read more...] about PM holds phone talks with Singaporean counterpart amid COVID-19

According to experts, investment is expected to be poured into four industries: information technology and high technology, electronic equipment, e-commerce and logistics, and consumer goods and retail. Therefore, localities should seize this opportunity to draw investment. … [Read more...] about FDI inflow to Viet Nam down 17% in Jan-May period

Attracting foreign investment with high-tech and high added value projects is an essential trend, the PM said, adding that authorities should make it easier for all economic sectors, particularly the private sector, to successfully do business in Việt Nam.— VNS … [Read more...] about FDI inflow to Việt Nam down 17% in Jan-May period

The festival aims to promote the city's tangible and intangible cultural values, tourism destinations and beautiful beaches. It is also expected to connect and help local businesses to introduce their products and services, boost investment in tourism infrastructure and strengthen tourism co-operation between the city and other localities in Việt Nam. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30