Yearly economic growth

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

Since the EVFTA took effect, more than 15,000 certificates of origin forms have been issued with a total turnover of US$700 million to 28 EU countries, according to the Ministry of Industry and Trade. The Ministry of Agriculture and Rural Development said that in August alone, Vietnam’s export value to the EU reached US$3.25 billion, up 4.65 percent against July and 4.2 percent against last year. The turnover in September also posted a 14.4 percent year-on-year surge. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

Viet Nam's economy is likely to experience a strong bounce back in 2021 with GDP growing at 6.9 per cent in the best-case scenario in which the country able to secure significant FDI investment boosts coupled with a strong recovery of the global economy, according to a forecast by the Vietnam Institute of Economics (VIE). … [Read more...] about VN eyes strong recovery from pandemic this year

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

Talking to Cong Thuong (Trade and Industry) newspaper, Pannakarn Jiamsuchon, Thai Trade Counsellor to Viet Nam, said that in addition to the constantly improving investment environment, Viet Nam's participation in many free trade agreements (FTAs) was highly appreciated by Thai businesses and they were very interested in expanding investment in Viet Nam. … [Read more...] about Thai investment in Viet Nam increases