Us gdp growth by year

Hanoi (VNA) - Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, according to the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences (VASS). The real growth rate will depend on the world economic situation and the capacity to absorb FDI, the “Vietnam Economic Overview 2020: Promoting innovation-based economic growth” conference held by the institute on January 19 heard. VASS President Bui Nhat Quang said the COVID-19 pandemic strongly affected economic growth around the world in 2020, with most major economies posting contractions. Vietnam, however, achieved the twin targets of disease prevention and socio-economic recovery and development. It posted economic growth of 2.91 percent, the lowest since 1986, when its “renewal” process began, but higher than the figure posted in many other countries in the … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

Industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. Meanwhile, auctions and granting of land use and rental improved revenue collection in the last quarter of 2020, while ample liquidity continued to lower the Government’s borrowing cost in the domestic market. … [Read more...] about VN eyes strong recovery from pandemic this year

Hanoi (VNA) – Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18. In the article, the author cited data from the World Bank as saying that the country’s  gross domestic product (GDP) grew by 7 percent in 2019, similar to 2018, one of the fastest growth rates in the region. It is argued that if Vietnam can maintain a 7 percent increase in economic growth over the next decade, the country will follow the same trajectory as the previous "Asian Tigers,”  according to the article. International trade was also progressively liberalised, with the signing of various free trade agreements, it said, adding that the World Bank now considers Vietnam one of the most dynamic emerging … [Read more...] about New Zealand media: Vietnam – the time has come

The European Union is the world’s second largest importer of goods with annual import value reaching almost US$2.34 trillion. Prior to August 1, 2020 when the EVFTA took effect, Vietnam accounted for only two percent of the EU’s import value, and only 42 percent of all Vietnamese exports to the EU enjoyed a zero percent tax in accordance with the Generalized System of Preferences (GSP). The EVFTA will gradually zero out most tax lines on Vietnamese exports and greatly help Vietnam increase exports to the EU. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

-- Eighty paintings of a variety of materials depicting the image of buffalo in Vietnamese culture by the artist group G39 will be displayed at an exhibition to welcome the coming Vietnamese Lunar New Year at 29 Hang Bai Gallery in Hanoi from January 23 to 29.  … [Read more...] about Breakfast @ Tuoi Tre News – January 20