Over the past 50 years, the TFR of Vietnam has continuously decreased, from 6.39 in 1960 to 2.09 in 2006 (below the replacement level fertility calculated by scientists at 2.1). Since then, Vietnam has always kept the rate below the replacement level fertility. According to scientists, Vietnam has avoided giving birth to 20.8 million children in the past 20 years which is of great significance to socio-economic development, contributing to raising per capita income, improving health indicators and the quality of life of the people. Some opinions state that, with such a stable and sustainable fertility rate, Vietnam does not need to continue controlling birth rates. However, this figure does not reflect the true nature as the fertility rate in Vietnam is still unequal in each region. The Southeast and the Mekong Delta region have a fertility rate much lower than the replacement level fertility at 1.5 to 1.6. Several provinces and cities also have low fertility rates including Ho Chi … [Read more...] about Ensuring sustainable population size and structure
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However, the industry still faces numerous obstacles, requiring the active coordination and rational adjustment among agencies towards sustainable and stable development. An increase of 12% in consumption According to the Department of Building Materials under the Ministry of Construction, Vietnam has now 82 cement production lines with a total designed capacity of over 90 million tonnes. Cement consumption in 2018 reached over 95 million tonnes, a year-on-year increase of 12%. Remarkably, consumption of cement products in the domestic market was over 65 million tonnes, up 10%. Meanwhile, the country exported around 30 million tonnes of products (increase of 50% compared to the previous year), earning over US$1 billion. General Director of Vietnam Cement Industry Corporation (VICEM), Bui Hong Minh, said that in spite of the advantages, such as stable economics, high growth of the construction sector and many Chinese cement production lines closing down due to pollution, Vietnam’s … [Read more...] about Measures for sustainable development of cement industry
Economist Vo Tri Thanh At the end of 2018, Viet Nam’s Gross Domestic Product (GDP) – one of the primary indicators used to gauge the health of a country’s economy – was announced by Vietnam General Statistics Office, beating forecasts made by many international institutions. Earlier, the International Monetary Fund (IMF) predicted the country’s 2018 GDP growth rate would stand at 6.6 per cent in its October report titled ‘Asia at the Forefront: Growth Challenges for the Next Decade and Beyond’. The Australia and New Zealand Banking Group’s Research Unit lowered its projection by 0.2 percentage points to 6.5 per cent. Though more optimistic, the Asian Development Bank (ADB) still cautiously adjusted its growth forecast from 7.1 per cent to 6.9 per cent for 2018. In fact, the 2018 figure reached an amazing growth rate of 7.08 per cent, the strongest growth Vietnamese people have seen in 10 years. However, whether the country is able to … [Read more...] about High growth in 2019: Realistic or optimistic?
Seminar underlines imperative of sustainable private sector growth. — VNS Photo Hoàng Nam Sustainable development of the private sector is an urgent requirement for Viet Nam in the context of the trade war between the US and China and fourth industrial revolution, a seminar heard in HCM City on Thursday. Deputy Minister of Planning and Investment Nguyen Van Hieu told the 5th Forbes Business Forum on ‘Building Sustainable Growth’: “In recent years the private sector has contributed significantly to the nation’s economic growth. “The Party and State strongly encourage the sector since it is a major driver of economic development by creating an attractive business environment with various incentives.” Nguyen Thi Phuong Thao, CEO of VietjetAir, said: “Viet Nam has many challenges and opportunities in this new era.” She listed trade wars, exchange rate fluctuations, petrol price, exports, FDI, and lagging behind in technology as … [Read more...] about Seminar underlines sustainable private growth
(VEN) - Despite positive results in 2017 and the beginning months of 2018, Vietnam’s economic performance requires a concerted effort by the government, ministries, departments and localities to achieve sustainable growth. Impressive results Gross domestic product (GDP) growth in the first quarter of 2018 reached 7.38 percent, the highest growth rate for the first quarter over the past decade. The industry and construction sectors posted a 9.7 percent growth rate, with the manufacturing and processing industry contributing a 13.6 percent growth to this surge. The agro-forestry-fishery sector increased by 4.05 percent, while the service industry climbed 6.7 percent in the January-March period. Foreign direct investment (FDI) projects in Vietnam disbursed US$5.1 billion during the first four months, a year-on-year increase of 6.3 percent. Trade value reached US$144.13 billion for the first four months of the year, a year-on-year rise of 14.4 percent, with exports accounting … [Read more...] about Vietnam targets sustainable growth