Friday, March 5, 2021 4:42:01 PM - Markets closed
VN-INDEX 1,168.69 +0.17/+0.01%
HNX-INDEX 259.80 +4.03/+1.58%
UPCOM-INDEX 78.56 +0.60/+0.77%
Vietnam prepares best conditions to spur economic growth: forum
VietNam+ - 1/12/2021 10:06:04 AM
 (0 ratings. You must sign in to rate.)
Vietnam has prepared the best conditions to spur its economic growth as the global economy is grappling with the severe impacts of the COVID-19 pandemic, experts have said.
At the Vietnam Economic Scenario Forum in Ho Chi Minh City on January 11, the experts said Vietnam has mapped out a socio-economic development strategy for 2021-2025. Vietnam aims to become a developing country with a modernity-oriented industry by 2025 and a developing nation with a modern industry and high middle income five years later.
Tran Hong Quang, Director of the Vietnam Institute for Development Strategies under the Ministry of Planning and Investment, said the country’s GDP growth rate is projected at about 7 percent annually in the 2021-2030 period. Its GDP per capita is set at 4,700-5,000 USD in 2025, and around 7,500 USD in 2030, he added.
To that end, Vietnam should boost key economic sectors that would serve as the driver of the national economy, and complete the restructuring of State-owned enterprises, he suggested.
The country needs to swiftly complete the infrastructure system, particularly in transport, energy, IT, major urban areas, and climate change response, according to Quang.
Other experts suggested enhancing the private economic sector in terms of volume, quality, efficiency and sustainability, making them become an engine of the national economy.
Some said the selection of foreign investments would help Vietnam attract projects with high technologies, modern governance and connected with the global supply chains.
Nguyen Xuan Thanh, a member of the Prime Minister’s Economic Advisory Group, held that the national economy will be driven by the domestic market, private investments and exports to the EU and ASEAN this year.
Andy Ho, Managing Director and Chief Investment Officer of VinaCapital, said Vietnam’s enhanced prestige in the international arena has helped to lure foreign investment to the country./.
Read more at here
Newer News
26/02 GDP of first quarter to be lower than target: MPI
23/02 Vietnam’s growth outlook to depend on authorities’ response to new outbreak: WB
23/02 HCM City: Korean bank proposes investment study for Metro Line No. 5
19/02 Vietnamese goods reach out to global markets despite pandemic
16/02 Vietnam records impressive export growth in 2020
08/02 Leading exports take advantage of new generation FTAs
05/02 Ministry to boost trade defence measures in line with int’l commitments
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
Older News
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
28/12 Trade surplus posts record high since 2016
22/12 Wood exports to hit 12.5 billion USD in 2020
19/12 EVFTA brings first success with plenty more to come
19/12 EU leaders wish to strengthen cooperation with Vietnam
15/12 Rubber industry told to target sustainability
07/12 Việt Nam's shrimp exports to the EU have recovered since the beginning of the third quarter of this year thanks to the positive impact of the EVFTA, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
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 3:10:15 PM
VN-INDEX 1,168.69 +0.17/+0.01%
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...
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.