PM Nguyen Xuan Phuc speaks at the working session. (Source: VNA) Hanoi (VNA) – How to ensure sustainable growth remains a long-term task despite the rosy macro-economy signs, said Prime Minister Nguyen Xuan Phuc. Speaking at a working session between the Government’s Party Committee and the Communist Party of Vietnam (CPV) Central Committee’s Economic Commission in Hanoi on July 23, the leader underlined the need to apply fiscal, monetary, trade, and investment policies at the same time. At the meeting, PM Phuc lauded coordination between the Government’s Party Committee and the Economic Commission, highlighting their joint efforts in organising the Industry 4.0 Summit and Expo, which took place on July 12-13. He asked participants to focus their discussions on the difficulties facing the national economy, such as slow public investment disbursement, external impacts, as well as tax and commercial barriers on the economy. The participants looked into … [Read more...] about Ensuring sustainable growth is a long-term issue: PM
Sustainable growth
National conference on sustainable growth opens
Overview of the conference (Photo: VNA) Hanoi (VNA) – The National Conference on Sustainable Development 2018 opened in Hanoi on June 5, focusing on measures to promote public-private partnership and improve productivity and competitiveness towards sustainable growth in the digital era. Themed “Enhancing Competitiveness, Realising Sustainable Development Goals Amidst Industrial Revolution 4.0,” the event drew more than 650 delegates representing Government agencies, think tanks, international organisations, business associations and enterprises. Opening the event, President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc showed his strong belief that Vietnam will continue to thrive and become an upper-middle-income country within the next two decades with impressive achievements in social equity and fairness, and effective State management. Towards the goal, Loc stressed the need for consensus and efforts of the entire society as well as support … [Read more...] about National conference on sustainable growth opens
Vietnam targets sustainable 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
ABB powers Industry 4.0 for sustainable growth
ABB Vietnam’s director Brian Hull spoke to VIR’s Phuong Thu about his company’s 25-year success story in the country as well as the path Vietnam should take to ensure sustainable growth. ABB has been a part of Vietnam’s economic development since 1993. Would you like to tell us about your performance in Vietnam? ABB entered Vietnam early and this year is an important milestone for us, as it marks our 25th anniversary. Over the last 25 years, ABB Vietnam has grown to become a reliable partner in the field of technology, providing solutions and services to the market. In addition, ABB factories in Vietnam manufacture transformers, high-voltage components, and medium-voltage power products for customers across Southeast Asia and the world. We currently employ some 900 people across Hanoi, Danang, and Ho Chi Minh City. Despite the financial crisis in 1997, which impacted the global economy with long-lasting consequences, ABB in Vietnam stayed strong, believing in … [Read more...] about ABB powers Industry 4.0 for sustainable growth
Generali Group CEO: Strong belief in Generali Vietnam’s sustainable growth
Generali Group CEO Philippe Donnet What is your view on the growth and outlook of the Asian economy? Where do you think Vietnam stands in this picture? The global economy is continuing its expansionary phase following the recovery from the financial crisis. Thus, most Asian countries are benefiting from a rebound in global economy supported by firm recovery in major industrial economies and strong investment growth in the region. Being one of the most dynamic emerging countries in Asia, Vietnam has seen strong economic development over the past years with 6.8 per cent GDP growth in 2017. It is forecasted to increase to approximately 7 per cent in 2018 and keep its growth momentum by 2020, driven by rapid export growth and increased domestic consumption. Moreover, with the EU-Vietnam Free Trade Agreement scheduled to be ratified in 2018, Vietnam is expected to see an influx of European investors and companies aiming to trade. It will contribute to strong foreign direct investment. … [Read more...] about Generali Group CEO: Strong belief in Generali Vietnam’s sustainable growth