Gdp Growth

Vietnam would be the second fastest growing economy in ASEAN.

Prime Minister Nguyen Xuan Phuc made the statement in his last monthly meeting before a new government is formed.

It is vital for Vietnam to further boost the development of private sector and public investment funds, in turn contributing to economic growth and creating the foundation for long-term development.

The top priority at this time is ensuring social security, keeping the macroeconomic environment stable, and supporting businesses that are still in operation.

The data collection period is set to take place from March 1 to July 30, 2021 on various economic component groups.

Rising political, trade tensions and high public debts across economies in the world require Vietnam to have drastic measures to ensure the economic growth plan to stay on track.

Vietnam is having a golden chance to make a breakthrough in economic development by taking advantage of science, technologies and innovation.

Thanks to its successful Covid-19 containment, Vietnam saw one of the highest GDP growth rates in the world in 2020.

Higher quality in newly promulgated legal documents and laws in terms of practicality and feasibility are reasons for a significant less number of circulars issued at ministerial-level agencies in 2020.

Administrative reform and higher quality of legal framework will be key for Vietnam to enhance efficiency in economic development and integration.