New impetus needed to achieve 2021 economic growth target: experts
Economic experts have emphasised the need to have a new impetus to improve economic growth in the remaining months of 2021 towards realising the growth target for the year set by the Government and the National Assembly.
Hanoi (VNA) - Economic experts have emphasised the need to have a new impetus to improve economic growth in the remaining months of 2021 towards realising the growth target for the year set by the Government and the National Assembly.
Vietnam’s economic growth is forecast to expand by 6 percent this year.
According to Le Trung Hieu from the General Statistics Office, the country’s GDP growth in the first six months increased by 5.64 percent.
It is difficult to achieve the yearly growth target of 6.5 percent set by the Government amid the complicated developments of the COVID-19 pandemic, which is weakening the internal capacity of the national economy.
To realise the growth target of 6 percent required in the National Assembly’s Resolution on socio-economic development plan in 2021, Hieu said that the economic growth needs to rise by 6.3 percent in the last six months of the year.
This goal is completely feasible if the epidemic is controlled soon, and synchronous solutions of the Government proves effective, he noted.
Economic experts agreed that the economic growth in the remaining months of the year completely depends on the ability to control the pandemic.
Nguyen Minh Cuong - Chief economist of the Asian Development Bank (ADB) in Vietnam underlined the importance of vaccination in the time to come, saying that this is the drive and the hope for economic recovery.
Apart from accelerating vaccination campaigns, it is necessary to speed up disbursement of public investment becaus☂e it still plays a leading role in economic growth, he said./.
Party General Secretary Nguyen Phu Trong has delivered an appeal to Vietnamese people at home and overseas to step up COVID-19 prevention and control amid the complicated developments of the pandemic.
Despite struggling to cope with a COVID-19 resurgence, Ho Chi Minh City managed to achieve positive economic growth in the first seven months of the year, according to the city Statistics Office.
Despite complicated developments of the COVID-19 pandemic, export revenues from agricultural products have increased strongly so far this year, greatly contributing to the country’s economic growth.
The APEC Business Advisory Council (ABAC) highlighted the need for joint efforts in seeking coherent and timely solutions to complex global challenges at its third virtual meeting for the year held on August 3.
The Government always accompanies businesses and strives to seek solutions to remove difficulties facing the business community amid the COVID-19 pandemic, Prime Minister Pham Minh Chinh has said.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Photo: VNA) 
