Economic growth of vietnam

Vinh Phuc (VNA) – The northern province of Vinh Phuc’s industry has been growing to become a key economic sector that contributes greatly to the local gross regional domestic production (GRDP). According to the provincial People’s Committee, nine out of 20 industrial parks and clusters approved by the Prime Minister have become operational. The locality has had more than 10,500 businesses. In the 2015-2020 period, the average growth of the province’s industrial-construction production value is estimated to reach 12.1 percent per year, nearly doubling the target set at the resolution released at the 16th Party Congress of the province. The sector also makes up more than 65 percent points to the whole economic growth of the province. The added value of the processing-manufacturing sector of the province accounts for 4.5 percent of the added value of the sector in the whole country. Meanwhile, electronic spare parts have been the leading export products of … [Read more...] about Industrial sector helps promote Vinh Phuc economic growth

Nearly 10 years ago, HCM City put forward the idea of setting up ‘a city within a city’, when proposing to create a policy for ‘four cities – East, West, South and North’. Each ‘city’ would have its own urban government and the governments would belong to the HCM City authority. … [Read more...] about Thu Duc City set to be new growth pole for HCM City

The state economic sector plays a key role, but how is it today? Many state-owned enterprises (SOEs) are sinking in difficulties. There are 12 poor-performing projects that are processed too slowly, making a huge waste. We have not seen any SOEs that have started any major projects in recent years. So how does this business sector play a leading role in the economy? Where does this sector generate development to contribute to growth in the coming years? … [Read more...] about To catch up with other countries, Vietnam must run quickly and steadily

Quang Ninh has proactively invested in infrastructure development, particularly in transport, according to Secretary of the provincial Party Committee Nguyen Xuan Ky. Total investment under the public-private partnership (PPP) model in transport over the last five years stands at nearly 50 trillion VND, Ky said, with only about 9 percent sourced from the State. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Notably, 10 major power projects were supposed to go into operation from 2016-20 according to the adjusted plan, but they have been delayed beyond 2020. The projects in question are Song Hau 1 (1,200MW), Thai Binh 2 (1,200MW), Long Phu 1 (1,200MW), Na Duong 2 (110MW), Cam Pha 3 ( 440MW), Cong Thanh (600MW). Renewable energy sources (mainly solar power) have grown much faster than their targets thank to the impacts of development incentive policies. … [Read more...] about Vietnam to face power shortages