Hanoi (VNA) – Vietnam’s economy would grow from 6-6.5 percent in thenext decade, DBS Bank experts said.
If the country maintains its growth rate of 6-6.5 percent, it will surpassSingapore by 2030, the experts noted.
Last year, Vietnam’s economy was worth 343 billion USD against Singapore’s337.5 billion USD and Malaysia’s 336.3 billion USD, ranking 40th globally andfourth in the Association of Southeast Asian Nations (ASEAN).
In their latest forecast, the International Monetary Fund (IMF) and the AsianDevelopment Bank (ADB) said Vietnam would still outpace the two countries thisyear.
Despite impacts from two waves of COVID-19 outbreaks in the first half of thisyear, especially on industrial hubs, Vietnam still posted gross domesticproduct (GDP) growth of 5.64 percent and its export revenue rose 28.4 percentover the same period last year.
Although the GDP expansion was lower than the target set by the Government, itwas much higher than 1.82 percent recorded in the same period last year.
This showed the effective policies, strategies and directions from the centralto local levels with the implementation of “dual targets” of controlling thepandemic and ensuring socio-economic development at the same time./.
Prime Minister Nguyen Xuan Phuc has issued Decision 203/QD/TTg on the establishment of a national steering committee for the implementation of the strategy for the sustainable development of the Vietnamese marine economy until 2030 with a vision until 2045.
Vietnam has adopted synchronous policies and measures to recover its economy both during and after the COVID-19 pandemic, Vice Foreign Ministry Spokesman Doan Khac Viet has said.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
Illustrative image (Source: Nhan dan) 
