Viet Nam’s GDP size last year increased by about 1.4 times compared to 2015. The country completed the national target programme on new-style rural area building nearly 2 years ahead of the roadmap, with about 63 per cent of communes nationwide meeting the programme’s standard by the end of 2020, against the set target of 50 per cent. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period
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Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%
“The economy emerged from the worst of the Covid-19 downturn in the third quarter of 2020, and we think the recovery will remain intact. Vietnam has been one of the best-performing economies globally for the past decade and we expect this to continue,” said Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%
Congress to create new momentum for Vietnam: Ambassador
The diplomat went on to say that since the previous congress, under the steadfast leadership of the Communist Party of Vietnam Central Committee, the Vietnamese Party and Government have stepped up the Party building, the corruption combat, reforms, and development, with growth of 2.9 percent - one of the world’s fastest growth rates last year. … [Read more...] about Congress to create new momentum for Vietnam: Ambassador
Vietnam’s supporting industries receive push to develop further
Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further
Vietnam-US friendship thrives after a quarter of a century
A representative of the Vietnam Leather, Footwear and Handbag Association (Lefaso) said that despite a decline in consumer demand during the COVID-19 pandemic, footwear exports in the first five months of 2020 to the US reached more than 2.43 billion USD, accounting for 36.3 percent of Vietnam’s footwear export turnover. … [Read more...] about Vietnam-US friendship thrives after a quarter of a century