Economic growth of nghe an

The National Center for Socioeconomic Information and Forecast has drawn up two scenarios for the country’s economic development in the 2021-2025 period. In the first scenario, which is the most likely, Vietnam’s economic growth is forecast to reach about seven percent and inflation will stand at a moderate rate of 3.5-4.5 percent per year. Labor productivity will be improved with an annual growth rate of about 6.3 percent. GDP per capita is expected to reach about US$4,688, meaning that Vietnam will join the rank of upper middle-income countries by 2025. … [Read more...] about Vietnam’s economic development to 2025: Two optimistic scenarios

Bern (VNA) – Deputy Prime Minister Truong Hoa Binh took part in a traditional Lunar New Year (Tet) celebration held by the Vietnamese Embassy in Switzerland on January 19. Binh highlighted Vietnam’s impressive economic growth in 2019, adding that this was the second consecutive year that the country had recorded growth of over 7 percent, higher than the average level of the region and the globe. Vietnam was also elected as a non-permanent member of the United Nations Security Council (UNSC) with a record number of votes, he said. The second summit between the Democratic People’s Republic of Korea (DPRK) and the US took place in Hanoi in February 2019, putting Vietnam in the spotlight of international media, he added. The Deputy PM affirmed that the Vietnamese Party, State and people always consider overseas Vietnamese an indispensable part of the country. He encouraged overseas Vietnamese in Switzerland to support each other and serve as a bridge connecting the … [Read more...] about Deputy PM attends Tet celebration of expats in Switzerland

Hanoi (VNA) – Enterprises from Vietnam and Japan exchanged views on Vietnam’s business climate for foreign investors during a Vietnam – Japan economic dialogue in Hanoi on March 12. The event was co-held by the Vietnam Chamber of Commerce and Industry and the Japan–Mekong Business Cooperation Committee at the Japan Chamber of Commerce and Industry (JCCI) on the occasion of a visit by some 50 leaders of Japanese firms operating in the fields of trade, machine building, automobile, banking, construction, food processing, aviation, home appliances and consultancy. The attendees focused their discussion on issues such as Vietnam’s current credit and land policies and regulations, or development potential in tourism and transportation. In his opening remarks, VCCI Vice Chairman Hoang Quang Phong lauded the economic cooperation between Vietnam and Japan, saying the two-way trade has been growing steadily over recent years. In 2017, Japan was Vietnam’s … [Read more...] about VN-Japan dialogue spotlights local business climate for foreign investors

The additional investment in the Hai Duong facility coincides with Ford celebrating its 25th anniversary in Vietnam. Ford was one of the first investors in the country after the United States-Vietnam relations were normalised in the 1990s. “We take pride in having been one of the first foreign companies to invest in Vietnam in 1995, and in our ongoing role in contributing to the development of the Vietnamese auto industry as well as the economy overall,” said Dung. … [Read more...] about Ford expands Hai Duong facility