The economic situation of the first half of 2015 and relevant growth measures were discussed during a conference hosted by the Central Institute for Economic Management (CIEM) in Hanoi on July 29.
The economic situation of the first half of 2015 and relevant growth measures were discussed during a conference hosted by the Central Institute for Economic Management (CIEM) in Hanoi on July 29.
Accordingly, the industrial and construction sectors were the driving force behind economic growth. Earnings from exports hit 70.9 billion USD in the period, up 14.9 percent from 2014. The country also recorded a low inflation rate. Local demand and business operations have recovered since April, stimulating a GDP surge.
Underscoring the positive outlook of the economy through the end of the year, Nguyen Tu Anh, Deputy Head of the macro-economic policy section under the Central Institute for Economic Management (CIEM), noted the necessity of focusing on macro-economic stabilisation, mechanism overhaul and infrastructure and resources development.
Meanwhile, CIEM Director Nguyen Dinh Cung said economic restructuring has yet to reach expected results, reflected in the slow equitisation of State-run businesses and the handling of bad debts.
He added that the re-allocation of national resources should not be done by the State but rather be prompted by the market.
At the conference, economists proposed additional governmental assistance towards enterprises operating in the support industry while urging the acceleration of the economic restructuring process.
National resource distribution ought to be based on the reduction of public investment and enhancement of private involvement, they highlighted.-VNA
The Vietnamese economy is set to grow by 6 percent this year, according to the East Asia and Pacific Economic Update released on April 13 by the World Bank.
The rate is 0.5 percent higher than the bank's projection last October.
After some turbulence in mid-2014, Vietnam's economic performance rebounded and year-end growth exceeded expectations.
Vietnam will officially adopt International Financial Reporting Standards (IFRS) from 2016 in its efforts to enhance comparability and improve transparency.
The Prime Minister has requested ministries and localities continue efforts to expedite adopted measures and solutions stated in Party, National Assembly and Government resolutions.
The National Assembly (NA)’s Committee for Economic Affairs convened the 12th plenary session on April 24 to verify a supplementary report on the implementation of the 2014 socio-economic development plan and the plan for 2015.
Prime Minister Nguyen Tan Dung chaired the Government’s regular meeting in Hanoi on April 25 to discuss socio-economic performance in the month and the first four months of 2015.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
