Vietnam will strive for a GDP growth of around 6.8 percent in 2020, according to Directive 16/CT-TTg on the building of socio-economic development plans and State budget estimates for 2020.
Hanoi (VNA) – 🥃Vietnam will strive for a GDP growth of around 6.8 percent in 2020,according to Directive 16/CT-TTg on the building of socio-economic developmentplans and State budget estimates for 2020.
The directiveissued recently by the Prime Minister makes clear that the overall goals ofdevelopment plans and State budget estimates in 2020 are to continuestrengthening the macro-economic foundation, controlling inflation andenhancing the internal strength and independence of the national economy. The plans shouldalso aim for more effective implementation of strategic breakthroughs andeconomic restructuring in combination with renewing the growth model, while intensifyinginstitutional reform, creating an open and favourable environment forinvestment, production and business. Economic growthshould be in tandem with social and cultural development, improvement of people’smaterial and spiritual life, environmental protection, natural disasterprevention and response to climate change. The directive alsooutlines eight directions for socio-economic development next year.
Regarding the Statebudget collection estimates in 2020, the PM requires that collection from taxationand fees should be between 19 – 20 percent of GDP.
🅠 Domestic revenues (excludingthose from crude oil, land use fees, lottery, sales of State capital inenterprises, dividend and post-tax profit and revenue-expenditure balance ofthe State Bank of Vietnam) should increase by at least 10-12 percent comparedto estimated revenues in 2019.
Meanwhile, collection from import-export shouldincrease by at least 5-7 percent from estimated collection in 2019.-VNA
Vietnam gained positive economic achievements in the first quarter of this year despite a range of difficulties both in and outside the country, Prime Minister Nguyen Xuan Phuc has said.
Vietnam saw positive developments in many socio-economic aspects in the first quarter of 2019, with a GDP growth of 6.79 percent and stable macro-economy, said Minister-Chairman of the Government Office Mai Tien Dung.
The Vietnamese economy is expected to grow at around 6.7 percent this year, the fastest rate in South East Asia, according to the Institute of Chartered Accountants in England and Wales’ recent Economic Insight: South East Asia report.
With an emerging market economy and continued strong growth, Vietnam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
Illustrative image (Source: VNA) 
