Ncov

Domestic travel resumed in a number of provinces/cities as a result of the country’s effective Covid-19 containment is a major boost for sales figure.

Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.

Vietnam would restructure the services sector based on modern technologies under the Industry 4.0, especially in fields of finance-banking, insurance, healthcare, education, transportation, trade and tourism.

The no-interest loan is aimed to help the state-owned airline mitigate negative impacts of the Covid-19 pandemic.

The construction – industry sector was among key contributors for economic growth by an expansion rate of 7.99% year-on-year, representing an increase of 1.43-fold year-on-year.

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

The biggest challenge for Vietnam’s economy in 2021 is whether the country could deal with another resurgence of Covid-19 outbreak.

The GDP growth target of 6.5% for 2021 is a challenge for the country, which requires strong efforts from the government, business community and people.

Vietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels.

Government and corporate bonds comprised 82.8% and 17.2% of the local currency bond market, respectively, at the end of December 2020.