Us annual gdp growth

Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

The Ministry of Industry and Trade is continuing to provide information related to EVFTA implementation through its website (http://evfta.moit.gov.vn/) while promoting market research to help businesses take advantage of EVFTA-based tariff incentives. The ministry will maintain its weekly agricultural-forestry-fisheries newsletter, build a market information channel to update businesses on market developments, and forecast and evaluate market supply, demand and prices to help businesses prepare appropriate production and trade development plans. It will also promote branding of exports to the EU. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

-- Vietnam’s 2021 GDP growth is projected to hit 5.49 percent in the normal scenario, 6.9 percent in the optimistic outlook, and 3.48 percent in the worst-case scenario, the Vietnam News Agency reported on Tuesday, citing the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences. … [Read more...] about Breakfast @ Tuoi Tre News – January 20