Sunday, January 24, 2021 1:06:14 PM - Markets closed
VN-INDEX 1,166.78 +2.57/+0.22%
HNX-INDEX 240.12 -0.16/-0.07%
UPCOM-INDEX 77.60 +0.13/+0.17%
Growth target of 6 percent for 2021 is feasible: legislator
Vietnam+ - 11/4/2020 11:30:52 AM
 (0 ratings. You must sign in to rate.)
 Vietnam’s 2021 economic outlook depends on the domestic and global COVID-19 situation, but growth of 6 percent is an achievable target for next year, a lawmaker has said.
 
Talking to the press on November 3 on the sidelines of the 14th-tenure National Assembly’s 10th session, deputy Duong Minh Tuan of southern Ba Ria-Vung Tau province said amid the complex COVID-19 outbreak and a global economic recession, although Vietnam has also suffered from the pandemic’s socio-economic impacts like other countries, this year’s GDP growth of about 2-3 percent is encouraging.
 
Showing his support for the Government’s reports on socio-economic development and the State budget, he highly valued the Cabinet’s efforts, attributing the stable economic development and GDP growth in 2020 despite COVID-19 to the whole political system’s engagement and the Government’s drastic directions.
 
Vietnam has been striving to minimise the pandemic’s consequences and done a good job in COVID-19 prevention and control, he said.
 
Though export and import activities have been affected as they are related to other countries, the realisation of targets set by the NA hasn’t been influenced much, Tuan said.
 
The legislator noted that the expected growth of 2.5-3 percent this year is relatively low. 
 
However, he held that the target of about 6 percent for 2021 is feasible if the country can maintain anti-COVID-19 efforts like at present and successfully stimulate domestic demand.
 
The NA’s 10th session is scheduled to last for 19 days with online meetings held from October 20 to 27 and face-to-face discussions in Hanoi from November 2 to 17./.
VNA
 
Read original article here
 
Newer News
20/01 Germalink port receives first commercial vessel
19/01 Two wind power plants to be built in Tien Giang province
15/01 Vietnam always a leading partner of Netherlands in Asia
13/01 Difficult year ahead for leather-footwear sector: experts
13/01 Two more Vietnamese dairy producers licensed to export to China
12/01 Vietnam prepares best conditions to spur economic growth: forum
08/01 FDI enterprises increase but more losses reported
07/01 HCM City's retail market grows by 11.9 percent despite pandemic
05/01 Gov’t issues Resolution on 2021 socio-economic development
05/01 HCM City targets higher exports by key earners in 2021
Older News
22/10 Economic growth likely to hit 2.6-2.8%
06/10 Hanoi a bright spot in FDI attraction
02/10 Canada affirms strong trade ties with Vietnam
30/09 September CPI up 0.12 percent
23/09 EVFTA brings new impetus for Vietnam’s fishery exports
21/09 Vietnam’s GDP to grow 2-3 percent this year: former GSO director
14/09 Construction steel sales projected to recover in year-end months
11/09 VN energy sector a magnet for foreign investors
05/09 HCM City maintains export growth in eight months
27/08 Import-export expected to drive credit growth
 
Newsletter Signup
Top Stories
Number of new securities trading accounts reaches record high
Trade surplus posts record high since 2016
Reference exchange rate up 1 VND on June 5
Reference exchange rate up 6 VND on December 10
Reference exchange rate continue going down
Market Update
Last updated at 3:10:09 PM
VN-INDEX 1,166.78 +2.57/+0.22%
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.