Effective institutional reforms to help Vietnam GDP growth of 6.76%
Easing monetary and fiscal policies in combination with institutional reforms are the way for Vietnam to ensure sustainable and rapid economic growth amid global uncertainties.
Easing monetary and fiscal policies in combination with institutional reforms are the way for Vietnam to ensure sustainable and rapid economic growth amid global uncertainties.
In case the US can fully disburse the entire US$1.9-trillion stimulus package, Vietnam’s GDP could expand by an addition of 0.76 percentage points.
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.