On February 3, 1930, nearly 20 years after leaving the country to seek ways for national salvation, President Ho Chi Minh chaired a conference to merge three communist organizations in Vietnam into the Communist Party of Vietnam.
Russian Ambassador to Vietnam Gennady Bezdetko has hailed Vietnam for its efforts in economic development amid a host of difficulties caused by the Covid-19 pandemic and concerns over a global economic recession.
Vietnam will focus on inclusive, rapid, and sustainable development based on sci-tech, innovation, digital and green transformation and circular economic development during 2021-2030.
The target of 6.5 percent economic growth set by the National Assembly for next year, lower than the growth of 8.02 percent recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
Vietnam could face many new challenges in 2023, although experts believe that despite adverse effects from the outside, the Vietnamese economy has remained rather resilient so far.
The State Bank of Vietnam has just increased the credit room by 1.5-2 percent for credit growth in 2022. This is considered a timely ‘rain’ to relieve the ‘thirst’ for capital among domestic businesses.
In the past years, Vietnam's import and export of goods have seen exceptionally strong performance. Particularly, in 2007, after Vietnam became an official member of the World Trade Organization (WTO), the total import-export value of the country reached US$100 billion.
Ho Chi Minh City this year has strived to carry out its administrative reform and improve the investment environment in order to create breakthroughs in public services offered to citizens and businesses. However, the limited results achieved so far urge the city to focus more on improving public duties and working performance to contribute to the city’s growth.
There is a fast-growing trend across the world to digitalize the entire global financial and banking systems. Digitalization is being believed to be a great driver of economic growth.
Vietnam’s economic growth is forecast to reach 8 percent this year before falling to 6.5 percent in 2023. The strong growth has created a positive “platform” for investment and business activities, especially mergers and acquisitions (M&A).
Intellectual property (IP) does not merely belong to the technical or legal aspects but also an effective tool for national economic development and businesses’ profit growth. It has become one popular property to be used by the public nowadays.
Minister of Finance Ho Duc Phoc confirmed at yesterday’s meeting about legal issues that the draft Law on Price (amended) maintains regulations on the fuel price stabilization fund since the global price for this item is still unpredictable. The fund still plays its necessary role of regulating domestic gas prices to minimize negative impacts on the prices of other merchandise.
On the occasion of National Day 2-9, Mr. Phan Van Mai, Member of the Party Central Committee, Standing Deputy Secretary of the Ho Chi Minh City Party Committee, cum Chairman of the People's Committee of HCMC, told SGGP Newspaper about the determination to overcome all obstacles for the city to firmly advance faster.
Ho Chi Minh City's economic sectors continued to have good growth rates in August. Industrial production activities have recovered and attracted laborers to return to work; Many enterprises have effectively exploited free trade agreements to expand their markets.
"Despite high growth, Vietnam’s economy has not returned to its full potential in 2022," WB experts said in the report ‘Taking Stock August 2022’, updating Vietnam's economic situation titled ‘Educate to Grow’. The report was published this morning, August 8.
The Vietnam Institute for Economic and Policy Research (VEPR) has recently introduced GDP growth scenarios in 2022, with the growth rate at 5.7 percent in the base scenario and 6.2 percent in the positive one. However, if the context is negative, VEPR forecasts that the GDP growth will decrease to 5.2 percent.
The National Assembly's Economic Committee held its sixth plenary session to examine the Government's report on investment policy for the Ring Road No.4 project in the Hanoi Capital Region and Ring Road No.3 project in Ho Chi Minh City on the afternoon of April 28, at the National Assembly House.
Deputy Minister of Planning and Investment Tran Quoc Phuong said that in 2021, the success in the prevention and control of the Covid-19 epidemic is an important factor for the transition to ‘safe adaptation, flexibly and effectively control the Covid-19 epidemic’ from the beginning of the fourth quarter of 2021; thereby, the economy has gradually recovered with many indicators have had more positive results than before.
Experts pointed out opportunities and challenges to the national economy in 2021, as well as prospects for this year at a national symposium in Hanoi on April 25.
