World economic forum

The World Economic Forum (WEF) has ranked Vietnam as the 67th most competitive economy in its latest report released on October 9.(Photo: VNA) Hanoi (VNA) – The World Economic Forum (WEF) has ranked Vietnam as the 67th most competitive economy in its latest report released on October 9. Vietnam scored 61.5 out of a possible 100, moving up ten places from the 2018 ranking. The WEF said the Southeast Asian country is attracting a huge flow of foreign investment and becoming a trade hub in the region. The global league table is based on 12 pillars, namely institutions, infrastructure, ICT adoption, macro-economic stability, health, skills, product market, labour market, financial system, market size, business dynamism and innovation capability. Of these areas, Vietnam’s health dimension was evaluated highest at 81 points, ranking 71st out of 141. Market size was in 26th place with 72 points, while macroeconomic stability reached 75 points to stand in 64th place. Besides, … [Read more...] about Vietnam up 10 places in Global Competitiveness Index

Prime Minister Nguyen Xuan Phuc (centre) poses for a group photo with foreign investors (Photo: VNA)   Hanoi (VNA) – Vietnam will work to maintain macro-economy’s stability and economic growth, while creating optimal conditions for businesses investing in the country, Prime Minister Nguyen Xuan Phuc has pledged. He made the vow while receiving a delegation of foreign businesses who have invested in the country in Hanoi on October 11. The PM highly valued the results of investment activities of partners of VinaCapital, which has 3.3 billion USD worth of assets under its management. He stressed that the country will spare no efforts to address bottlenecks to facilitate firms’ operation, noting Vietnam jumped ten places in the latest Global Competitiveness report of the World Economic Forum, marking the strongest rise in this year’s global ranking. The PM added that Vietnam wants to attract quality investment and investment in energy development to meet … [Read more...] about Vietnam creates optimal conditions for foreign investors: PM Phuc

Ngo Chung Khanh, Deputy Director of the Multilateral Trade Policy Department said after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into effect, Viet Nam’s exports to other signatories witnessed positive growth, including 33% to Canada and approximately 24% to Mexico. Export value reached 194.3 billion, up 8.2% in the Jan-Sep period, meeting 73.9% of this year’s goal, the ministry’s latest report shows. There were 28 items with export revenue reaching more than US$1 billion each, accounting for nearly 90% of Viet Nam’s total export volume, said the ministry Despite rising trade tensions, it is encouraging that Viet Nam gained a trade surplus of US$6 billion. Export growth has contributed to the overall positive economic panorama in the first nine moths, in which the GDP expanded 6.98%, the highest growth rate over the past 9 years while inflation was controlled at three-year low. Industrial production increased 9.6% while … [Read more...] about Positive economic panorama will continue in Q4

Ngo Chung Khanh, Deputy Director of the Multilateral Trade Policy Department said after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into effect, Viet Nam’s exports to other signatories witnessed positive growth, including 33% to Canada and approximately 24% to Mexico. Export value reached 194.3 billion, up 8.2% in the Jan-Sep period, meeting 73.9% of this year’s goal, the ministry’s latest report shows. There were 28 items with export revenue reaching more than US$1 billion each, accounting for nearly 90% of Viet Nam’s total export volume, said the ministry Despite rising trade tensions, it is encouraging that Viet Nam gained a trade surplus of US$6 billion. Export growth has contributed to the overall positive economic panorama in the first nine moths, in which the GDP expanded 6.98%, the highest growth rate over the past 9 years while inflation was controlled at three-year low. Industrial production increased 9.6% while … [Read more...] about Positive economic panorama will continue in Q4 and beyond

A corner of Ho Chi Minh City - Illustration photo The information was released at a press conference on October 8 in Ho Chi Minh City about the upcoming organization of the HEF2019.  The forum heads to orient and establish the master plan to develop Ho Chi Minh City into the financial center of the region and the world. The plan is set up by the Ho Chi Minh City Financial Investment Company and Fulbright University.  The forum is expected to attract the participation of more than 800 delegates who are leaders of the Government, ministries, representatives of diplomatic agencies, leaders of the World Bank, the International Monetary Fund and the Asian Development Bank and businessmen.  The economy of Ho Chi Minh City increased by 7.81% in the first nine months of 2019, according to official figures announced at a meeting of the municipal Party Committee. The city’s exports brought in more than US$31 billion, up 10.5% while its tax revenues reached … [Read more...] about Ho Chi Minh City Economic Forum 2019 to be held