Viet Nam’s Gross Domestic Product (GDP) growth rate in 2012 increased 5.03%, lower than the plan set for the year (6%).
In the first quarter, the CPI rose 4.64%, the second quarter up 4.08%, third quarter 5.05% and fourth quarter 5.44%.
The agricultural, forestry and aquaculture sector increased 2.72%, industry and construction sector up 4.52% and service sector up 6.42%.
To achieve the development goal of 6.5-7% in 2011-2015, Viet Nam has to reach the average GDP growth rate of 8-9% by 2014 and 2015.
According to the General Statistics, in the context of global economic crisis, the GDP growth rate of Viet Nam has been improved in each quarter, showing the State’s effective measures and solutions. /.
Industrial production and construction industries which account for 40.24% of Vietnam's GDP hit VND662.119 trillion this year, compared to VND587.157 trillion last year, the GSO said. Retail sales and services revenue rose 18.6% from a year earlier to VND1,197.48 trillion in 2009 while agro-forestry and fisheries value reached VND339.99 trillion, compared to VND326.505 trillion last year, the GSO noted. The country's trade gap narrowed to US$12.246 billion this year, compared to US$17.516 billion last year as the domestic economy was cooling down at a 5.2% pace, down from 6.23% in 2008. Inflation is curbed at 6.88% this year, compared to…... [read more]
This year, if Vietnam GDP grows 6.5 per cent, the electricity sector must ensure a growth rate of 13 per cent to supply 86.65 billion kWh. However, due to effects of the world economic crisis, the Vietnam National Assembly has recently approved a proposal by the government to cut the target to 5 per cent this year, which means the national power consumption will hit 83.994 billion kWh. In the first five months this year, Vietnam produced 31.8 billion kWh of electricity in the first five months of this year, up 5.7 per cent on year. Power consumption by the…... [read more]
From September 20 to 23, 2012 at Hanoi International Center for Exhibition (ICE) (Friendship and Cultural Palace) would take place Vietnam International Techmart 2012 (Techmart 2012) organized by Ministry of Science and Technology (MOST), ASEAN Committee on S&T in coordination with Ho Chi Minh City People's Committee. Mr. Ta Ba Hung, Director of National Agency for Science and Technology Information (NASATI) (under MOST) said that Techmart 2012 was an international event which ASEAN+3 member countries have officially considered one of important S&T activities of the whole bloc, has been identified as the most important emphasizing point for the Year of…... [read more]
On August 25, 2012 in Hanoi, EduViet Corporation and Vietnam Young Entrepreneurs Association coordinated with the School of Economics - Vietnam National University of Hanoi, Chief Personnel Officer Club (CPO Club) and HRLink.vn Vietnam Human Forum to announce the organisation of Vietnam Human Resources Day 2012 (Vietnam HR Day 2012). Following the success of Vietnam HR Day in 2009, 2010 and 2011, the 2012 edition will also be held at the National Convention Centre in Hanoi on October 14, 2012 and at the White Palace Convention Centre in Ho Chi Minh City on October 21, 2012. With the theme "Quality…... [read more]
Future IT applications will solve a series of burning social problems like transport, education, smart urban development, e-citizen card, and creation of a new economic era - the era of knowledge economy, said Mr Nguyen Minh Hong, Deputy Minister of Information and Communications, in an interview with Vietnam Business Forum on the sidelines of the Vietnam ICT Summit 2012 held recently in Hanoi. Anh Phuong reports. Deputy Minister Nguyen Minh Hong said "IT has accelerated the globalisation process in all aspects of social life, created a 'flat world'. Information technology infrastructure is economic infrastructure and social infrastructure, or in other…... [read more]
Vietnam Television (VTV), Dan Tri E-newspaper, and Vietnam Posts and Telecommunications Group (VNPT) recently launched the Vietnam Talent Award 2012 - the eighth version. The award aims to discover real talents with practical contribution to the society in the three fields: Information technology, applied science and medicine. All entrants for the award must be sent from November 21, 2011 to August 31, 2012. The scoring process will be held from September 1, 2012 to November 19, 2012. IT products will be divided into two categories: Successful IT products and prospective IT products. Each category has one first prize, one runner-up…... [read more]
Ministry of Planning and Investment in collaboration with the provincial People's Committee on October 14 held the training course on Vietnam Cooperative Law 2012 and some related policies on collective economic development with the attendance of Vice Chairman of the PPC Pham Truong Tho. Participants at the training course are leaders from departments, agencies, localities; managing officials from cooperatives and unions of cooperatives in the province area. Within 03 days, participants will be provided with basic contents of the Cooperative Law 2012 such as the establishment, organization and operation of cooperatives and unions of cooperatives in different sectors…... [read more]
The Hanoitimes - The 19th International Exhibition on Products, Equipment, Supplies for Pharmaceutical, Medical, Hospital and Rehabilitation (Vietnam Medi-Pharm 2012) will take place at 91 Tran Hung Dao Street on May 9-12 in Hanoi. The four-day fair drew the participation of over 350 enterprises from 27 countries and territories to showcase pharmaceutical materials, equipment and high-tech products in 450 booths. Held by the Ministry of Health, the annual event consists of the fifth international exhibition on hospitals, the first international exhibition on dental materials, the sixth exhibition on Chinese pharmacy and healthcare equipments in Vietnam. Vietnam Medi-Pharm 2012 will introduce…... [read more]
Winners of the Vietnam Tourism Awards 2012, the most prestigious in the sector, were announced at a ceremony in Hanoi on December 5. The awards, the 13 th to be sponsored by the Vietnam National Administration of Tourism and the Vietnam Tourism Association, honoured 62 outstanding travel agencies, hotels and hospitality services providers and carriers in the country. They include the top 10 five-star hotels, the top 10 four-star hotels, the top 10 three-star hotels, the top 10 domestic tour operators, the top 10 inbound tour providers, and the top 10 outbound tour providers. Melia Hanoi, Sofitel Legend Metropole Hanoi…... [read more]
The eighth edition of Vietnam Motor Show 2012 is scheduled to take place at the Giang Vo Exhibition Centre, Hanoi from September 26 to 30, 2012. The event is held by the Vietnam Automobile Manufacturers Association (VAMA) and auto importers. To date, 13 car brands have registered to show at the event, including Audi, BMW, Ford, Honda, Land Rover, Luxgen, Mercedes, Mitsubishi, Porsche, Renault, Suzuki, Toyota and Vinaxuki, and more than 100 parts suppliers, banks, insurers and companies operating in supporting industries. The Vietnam Motor Show 2012 is promised to bring new opportunities for carmakers and other exhibitors in the…... [read more]