Tag: economic development

As of July 28, total outstanding loans increased 9.64% compared to the end of last year.

The northern province will prioritize green investment, high-tech industries, supporting industries, and advanced management practices.

By 2030, the province targets attracting more than 4 million tourists, with 35% participating in night economy.

Five Vietnamese businesses have registered to be granted ISO/IEC 42001 – the world’s first AI management system standard.

The IMF leader praised Vietnam and ASEAN as bright spots in the global economy.

The southern province aims to raise per capita income to $15,000 annually by 2050.

The average GRDP per capita expected at $14,650.

Northern province has recently announced its master plan for 2021-2030 and gained the PM’s approval

The challenge for Vietnam right now is to both achieve its goal of joining the group of middle- and high-income countries and meet its emissions reduction commitments. To overcome the challenge, it needs a more specific and drastic plan, taking advantage of resources from the non-State sector and ensuring the rights of people affected by a green transition.

Analysts at Vietnam Economic Forum believe the country’s economy has the potential for further development.

The government issued a Resolution on economic development in land border areas on March 2, with local socio-economic infrastructure to be gradually completed in a synchronous, interconnected, comprehensive, and modern manner. Vietnam has established 26 border gate economic zones on its borders with Laos, Cambodia, and China, as well as 267 industrial clusters in border areas.

Vietnam appears to be recovering quite slowly from the pandemic, and without a sufficiently large support package will fall behind. Many economists have therefore proposed economic support packages for 2022 and 2023 totaling VND445.76 trillion ($19.5 billion), or nearly 5.5 per cent of GDP.

Province targets making logistics a key factor in local development.

At the “Impacts of the Covid-19 pandemic on the economy and options for Vietnam” webinar, organized recently by the International Society of Vietnam Economists (ISVE), analysts said that the country must choose between economic damage now or in the future.