Vietnam sets high GDP target in 2021 to make breakthroughs
Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.
Pressure from high GDP target in 2021 is expected to help the Vietnamese government to create breakthroughs for growth in subsequent years.
The fact that interest rates are still very low, will help the local stock markets continue to be an attractive and profitable channel, thereby attracting domestic investor.
Despite severe Covid-19 impacts, Vietnam – South Korea trade relations this year is on track to reach or even exceed the US$70 billion mark recorded in 2019.
CEBR’s report estimated by 2035, Vietnam’s nominal GDP is estimated at US$1.59 trillion from the current US$341 billion, a nearly 5-fold increase in a 15-year span.
As the world is struggling with unprecedented crisis from the Covid-19 pandemic, Vietnam has emerged as one of the most successful stories by putting the deathly virus under control and boosting strong economic growth.
In the process of economic development, Vietnam must focus on enhancing the growth quality and push for economic restructuring, Prime Minister Nguyen Xuan Phuc has said.
In 2020, Vietnam Airlines operated 96,500 flights, down 48% year-on-year amid the Covid-19 crisis.
Hanoi is setting up a list of investment projects, in which priority will be given to hi-tech projects, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen has said.
Vietnam's effective containment of Covid-19 is seen as a major factor to boost retail sales during final months of the year.