Thursday, March 28, 2024 8:54:54 PM - Markets open
VN-INDEX 1,290.18 +7.09/+0.55%
HNX-INDEX 243.92 +1.07/+0.44%
UPCOM-INDEX 91.48 +0.30/+0.33%
Vietnam’s economy stays positive amid global growth slowdown: PM
vietnamplus.vn - 12/3/2019 10:58:33 AM
 (0 ratings. You must sign in to rate.)
 Vietnam’s economy remains positive despite the slowdown in global economic growth, especially in Asia, over the last 11 months, Prime Minister Nguyen Xuan Phuc said while chairing the Government’s regular meeting for November on December 2.
 
He noted that at the recent 8th session of the National Assembly, legislators applauded the Cabinet’s governance achievements as seen in the fulfillment of all the 12 targets, especially the growth target, set by the parliament.
 
The people put trust in and have high expectations on the Government, the PM stressed.
 
However, he also analysed certain problems that must be addressed immediately.
 
He asked the agriculture and rural development sector to overhaul disease prevention and control and work harder to sustain Vietnam’s position as one of the leading agricultural product exporters in ASEAN.
 
Meanwhile, industrial production has decelerated in some sectors like motorcycle, automobile and fertiliser production, and there hasn’t been much progress in the disbursement of public investment capital, PM Phuc pointed out.
 
The Government leader requested all-level authorities and sectors to step up FDI attraction and further deal with pressing cultural, social, environmental and security issues.
 
The PM asked Government members to work out new solutions and initiatives to accomplish all targets for 2020, particularly the ASEAN chairmanship in 2020 and the non-permanent membership of the UN Security Council for 2020-2021, which he described as international positions with critically important roles amidst the changing world.
 
During the meeting, participants reviewed attainments over the last 11 months and discussed measures to perform tasks for next year.
 
Macro economic stability has been maintained, Vietnam attracted 31.8 billion USD in foreign direct investment (FDI) in the period, up 3 percent year-on-year, and FDI disbursement reached 17.6 billion USD.
 
Exports saw good growth, with a 9.2 billion USD trade surplus. Revenues from retail of goods and services also picked up 11.8 percent.
 
The index of industrial production expanded by 9.3 percent, and newly-established enterprises in the period numbered 126,700.
 
The November Consumer Price Index (CPI) was up 0.96 percent from the previous month, and the average CPI for the January-November period increased by a three-low of 2.57 percent on a yearly basis.
 
In particular, the number of foreign arrivals almost reached 16.2 million, up 15.4 percent from the same period last year./.
VNA
 
Read original article here
 
Newer News
04/09 Conference promotes cooperation in four southern Lao provinces
13/08 Vietnam, Laos enjoy 24.2% rise in two-way trade in 7 months
11/08 Giá xăng dầu không thay đổi trong lần đánh giá gần nhất
03/02 Number of newly-established firms surges 21.9 percent in January
29/01 Maritime administration to inspect shipping rates hike
29/01 Japanese firms plan expansion in Vietnam this year: Navigos Search
29/01 Vietnam’s January exports up 50.5 percent year-on-year
13/01 Difficult year ahead for leather-footwear sector: experts
13/01 Two more Vietnamese dairy producers licensed to export to China
05/01 HCM City targets higher exports by key earners in 2021
Older News
02/11 EVFTA must bring benefits to people: INTA chief
02/10 Phones and components lead in January-September export turnover
31/08 CPTPP promises stronger ties with Singapore, Malaysia: workshop
31/08 Asanzo cleared of origin fraud: VCCI
28/07 Exporting firms should focus on intellectual property
21/07 VN has trade surplus of about $1.6 billion in H1
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,290.18 +7.09/+0.55%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.