Themed “Fast and sustainable economic growth of Vietnam: challenges and new motivation”, the 2nd Vietnam Economic Forum held by the Party Central Committee’s Commission for Economic Affairs saw the attendance of approximately 1,500 delegates, including leading international and Vietnamese economic experts.In his speech, Prime Minister Nguyen Xuan Phuc said that with the 6.81% growth rate, Vietnam is among the highest growth groups in Asia and the world. The country has also accelerated economic reform, and promoted transparency and anti-corruption.Significantly improved business environment, healthy and fair competition have helped consolidate the confidence of investors and the business community, creating a new vitality for the national economy. “Although Vietnam has recorded positive socio-economic development achievements after more than 30 years of pursuing the Doi Moi (renovation) process, we should not be satisfied with obtained results. Vietnam should continue to persist with the new growth model based on productivity and innovation.” PM Phuc emphasized. A huge challenge for the Vietnamese economy is how to ensure rapid and sustainable development, thus escaping the middle income trap, Phuc said while calling for greater efforts by ministries, sectors and localities to achieve this year’s 6.7% growth target through improving the quality of growth and sharpening competitiveness of the national economy. The government leader described the event as an opportune occasion for delegates to discuss and share views on macroeconomic developments and Vietnam’s economic situation, and propose measures to help the government tackle bottlenecks and accelerate growth drivers to reach set targets. In response to delegates’ questions… [Read full story]
Themed "Fast and sustainable economic growth of Vietnam: challenges and new motivation”, the 2nd Vietnam Economic Forum held by the Party Central Committee's Commission for Economic Affairs saw the attendance of approximately 1,500 delegates, including leading international and Vietnamese economic experts. In his speech, Prime Minister Nguyen Xuan Phuc said that with the 6.81% growth rate, Vietnam is among the highest growth groups in Asia and the world. The country has also accelerated economic reform, and promoted transparency and anti-corruption.Significantly improved business environment, healthy and fair competition have helped consolidate the confidence of investors and the business community, creating a…... [read more]
This wasthe target of a master plan on developing infrastructure and linking nationalinfrastructure with other regional networks from now until 2020. The masterplan was approved by Prime Minister Nguyen Xuan Phuc on February 7.Accordingto the plan, Vietnam will give priority to construction work which ensures theconnection between national modes of transport, major economic centres, keytransport hubs and traffic infrastructure networks in the region.Specifically, the country will focus on building expressways, including the HoChi Minh Expressway, and upgrading and connecting national highways of thenorthern and southwest belt roads and sea routes linking Vietnamese ports withneighboring countries such as Lao, Thailand and…... [read more]
On June 24, CCTV spent 40 minutes introducing the interview with Vietnamese State President Nguyen Minh Triet on the occasion of Mr Triet’s visit to China in May 2007. It also broadcast the images of Vietnam’s beautiful land and people, as well as its strong socio-economic development. The media also quoted President Triet as saying that Vietnam-China relations have been developing well in terms of both politics and economics. The visit aims to strengthen bilateral ties in the political, economic, cultural and social aspects. Vietnam wants to promote the friendship and cooperation between the Parties, States and people of…... [read more]
When Singapore first announced it was building a Universal Studios theme park, sceptics wondered if the complex would draw enough crowds to be commercially viable. But just six months after opening, Universal Studios Singapore has already welcomed more than one million visitors, and other countries in Asia are building even bigger theme parks. Asia has become the new frontier for large-scale outdoor entertainment complexes thanks to growing affluence in large emerging economies like China, India and Indonesia, and cheaper air travel. "The industry is moving to Asia," said Christian Aaen, Asian regional director of research firm AECOM Economics, which specialises…... [read more]
Vietnam aims for 2018 economic growth rate of 6.5-6.7%Van Ly HANOI – Vietnam aims for a gross domestic product (GDP) growth rate of 6.5-6.7% next year, according a resolution on the socio-economic development plan for 2018 passed by the National Assembly (NA) last Friday. Chairman of the NA Economic Committee Vu Hong Thanh said that opinions collected from NA deputies during the preparation of the resolution showed that the country will face big difficulties and challenges, in addition to favorable conditions next year. Some sectors have achieved strong growth this year, so it may be difficult to maintain the high…... [read more]
