The Ministry of Information and Communications is collecting feedback on a draft master plan on information and communications (ICT) infrastructure for 2021-2030 with a vision to 2050, which outlines four scenarios for the growth of the market.
The socio-economic report drafted by the Ministry of Planning and Investment (MPI) states that with the annual growth rate estimated at over 2 percent, aiming to reach about 3 percent, Vietnam is the country with the highest positive growth rate among five major economies in Southeast Asia (ASEAN-5). And it is one of the 16 most successful emerging economies in the world.
Indonesia’s 2020 state budget deficit is likely to further increase to 2.8 percent of the country’s gross domestic product (GDP), much higher than the government’s target, as tax reforms would result in lower revenue collection, according to local economists.
Vietnam is expected to enter the top ten remittances receivers with an estimated amount of US$16.7 billion this year, accounting for 6.4 percent of the country’s Gross Domestic Product (GDP), according to the latest data from the World Bank.
Mr. Nguyen Bich Lam, general director of the General Statistics Office of Vietnam (GSO), said at the press conference held on September 28 that gross domestic product (GDP) of Vietnam in the first nine months of this year was estimated to rise by 6.98 percent over the same period last year, the highest level in the past nine years.
Malaysia posted a gross domestic product (GDP) growth of 4.7 percent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 percent in 2018, Bernama news agency reported, citing Bank Negara Malaysia (BNM)’s announcement.
Stock market capitalization reached VND3,900 trillion (US$167.75 billion) by December 28 last year, up 12.7 percent compared to the end of 2017, or 72 percent of gross domestic product, according to the Ministry of Finance.