Vietnam Stock Exchange to operate soon

Vietnam Stock Exchange to operate soon

The Prime Minister has currently decided to prepare for the model of the Vietnam Stock Exchange to come into operation as soon as possible.
Ilustrative photo

Gas price hike not affecting GDP

 The sharp increase in gas prices recently will surely affect the speed of economic recovery and increase prices of goods. However, this is not the time to intervene and regulate the domestic petroleum market through tax exemption or reduction. 
Director of HIDS suggests spending up to VND40 trillion to support businesses

Director of HIDS suggests spending up to VND40 trillion to support businesses

Vietnam has suffered huge economic losses in the past two years. In 2020, economic growth was expected to be 6.8 percent, but it was only 2.9 percent for the whole year. In 2021, the economic growth target is 6 percent, but the actual achievement will possibly be not higher than 3 percent. It means that within two years, the country has lost about 7 percent of its GDP (GDP is currently about US$343 billion), equivalent to a loss of nearly $24 billion. Mr. Tran Hoang Ngan, Director of the HCMC Institute for Development Studies (HIDS) stated.
Illustrative photo. (Source: SGGP)

Worrisome issues camouflaged by optimism

Statements in a recently published socio-economic report for the first six months of 2021 pointed to many optimistic macro-economic indexes. The GDP was said to recover positively, import and exports showed growth, the budget revenue exceeded estimates, Foreign Direct Investment (FDI) began pouring in again, and the number of new businesses saw a positive increase. 
Economic growth at 3.5-4 percent this year in adverse scenario

Economic growth at 3.5-4 percent this year in adverse scenario

According to a research team of the Vietnam Institute for Economic and Policy Research (VEPR), in case the Covid-19 pandemic cannot be controlled, economic activities cannot return to normal until the fourth quarter, and the vaccination process is carried out slowly due to a lack of supply, Vietnam's economy can only grow from 3.5-4 percent this year.
Vietnam posts high economic growth in six months despite Covid-19

Vietnam posts high economic growth in six months despite Covid-19

Despite impacts from two waves of Covid-19 outbreaks in the first half of this year, especially on industrial hubs, Vietnam still posted gross domestic product (GDP) growth of 5.64 percent and its export revenue rose 28.4 percent over the same period last year.
Government: Public debt, government debt within allowable limits

Government: Public debt, government debt within allowable limits

According to the Government, through controlling overspending and borrowing of local budgets, by the end of 2020, Vietnam's public debt was equal to about 55.8 percent of gross domestic product (GDP), and the Government debt was about 49.6 percent of GDP, which are all within the allowable limit.
Overseas remittances to Vietnam in 2020 reach US$17.2 billion

Overseas remittances to Vietnam in 2020 reach US$17.2 billion

According to the latest updated global remittance data that the World Bank (WB) has just announced, the amount of overseas remittances to Vietnam in 2020 was US$17.2 billion, instead of $15.7 billion as previously estimated.
Development of agri-food sector needs untying knots in mechanisms

Development of agri-food sector needs untying knots in mechanisms

The agri-food industry has been maintaining high resistance to the Covid-19 pandemic, with the potential to boost economic recovery. It posted a growth of 4 percent in 2020, equivalent to a gross domestic product (GDP) contribution of US$3.7 billion.