On April 5, after taking the oath of office, newly-elected Prime Minister Pham Minh Chinh delivered a speech to the National Assembly of Vietnam and the people nationwide.
With the economy growing 4.48% in the first quarter of 2021, the expected rate in economic growth of 6.5% for the whole year may be far from reach if more efforts to create a level playing field for private enterprises fail to be made, especially in the context of COVID-19 showing no signals of stoppage across the globe.
The increased demand for digital-first solutions and more customized experiences over the past year has led companies to place a greater emphasis on innovation. In the second edition of the Become Index, 53% of executives say their organizations place a high priority on innovation. Close to half of businesses surveyed (42%) responded to the need by increasing innovation budgets.
Many economies of East Asia and the Pacific (EAP) began to bounce back after severe economic shock in 2020. However, only China and Vietnam have followed a V-shaped recovery path with an output surpassing pre-COVID-19 levels in 2020. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum.
Prime Minister Nguyen Xuan Phuc ordered the health, tourism and diplomacy sectors to soon study and issue a "vaccine passport" mechanism in order to promote trade and investment while addressing the Government’s regular meeting on March 31.
Vietnam’s gross domestic product (GDP) in the first quarter of 2021 is estimated to rise 4.48%, higher than 3.68% recorded in the same period last year, the General Statistics Office (GSO) General Director Nguyen Thi Huong reported at a press conference on March 29.
The World Bank (WB)'s latest update on East Asia and Pacific economies has highlighted the uneven recovery in the regional economies' growth, as countries are recovering from the impact of the COVID-19 pandemic.
Vietnam stepped into 2021 - the first year of the socio-economic development plan from 2021 to 2025 - with a fairly robust economic picture: Stabilized macro-economic performance, well-controlled inflation, stable growth and enhanced economic potential, scale and competitiveness.
Recently, real estate prices have increased in the apartment segment and for land, throughout provinces and cities across the country. The Ministry of Construction gives a series of reasons for this phenomenon.
The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.
The "specialties" of sun and wind used to be the cause of poverty in Ninh Thuan; now they have become an advantage to develop this land. In recent years, Ninh Thuan has surprised many visitors, because this land is confidently wearing a new color - the color of the green energy industry.
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