Gdp growth

Fitch Ratings forecasts Vietnam’s GDP growth to hit 3.3 percent this year, while the International Monetary Fund (IMF) has projected 2.7 percent. Both are the lowest growth rates recorded since Vietnam introduced its economic reforms in the 1986. … [Read more...] about Fitch Ratings lowers outlook on five Vietnam banks

The adjustment of socio-economic targets is a big and unprecedented issue, because the targets set in the NA’s Resolution are concretised from the Resolution of the Party Central Committee. On the basis of the Government’s proposal, the decision on the adjustment of growth targets will be made by the competent levels, with the current political and legal bases taken into account. According to economic experts, the adjustment of GDP growth target and relevant macro targets in accordance with the new developments in the domestic and international socio-economic situations will create favourable conditions for the Government in its management work, towards realising the dual goal of successfully combating the pandemic and reviving the economy after the disease. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

The government has also proposed that the National Assembly allow a 30 percent cut in environmental tax on jet fuel until the end of the year and another 30 percent cut in corporate income tax for micro businesses. … [Read more...] about Government cuts taxes, fees to support automakers, airlines

Dr. Tran Dinh Thien, Associate Professor, Director of Vietnam Institute of Economics, made the statement at the opening ceremony of the Autumn Economic Forum held yesterday in the southern city of Vung Tau. Dr Thien also pointed out some paradoxes in the Vietnamese economy such as local banks having large amounts of money, while many enterprises complain about accessing capital. “Many outstanding problems relating to land disputes, lax management at state-owned enterprises or risks to the banking system, etc. are bringing more difficulties to the economy and people’s lives,” he said, while proposing solutions including setting out a long range development plan, removing quotas for provincial GDP growth, and providing more assistance to enterprises. National Assembly Deputy Tran Du Lich from HCM City also agreed with Dr Thien, saying that it was necessary to lower corporate income tax and help firms access credit. Dr Nguyen Dinh Cung, Deputy Director of the … [Read more...] about Forum discusses the problems facing Vietnam’s economy

GDP per capital (US$ current prices) … [Read more...] about Ernst & Young upbeats about Vietnam’s economic prospects