Vietnamese banks urged to tighten lending in real estate, securities
Credit should be channeled to priority fields and production/business activities with positive impacts on socio-economic development.
Credit should be channeled to priority fields and production/business activities with positive impacts on socio-economic development.
Vietnam’s priority is to look for all sources of vaccines possible, as the best vaccine would be the one administered, stressed the prime minister.
The state fund would first be channeled to major infrastructure projects that serve as a boost for socio-economic development and lay the foundation for the economic growth in the next five-year period.
Greater movement in national digital transformation would contribute to the realization of socio-economic development targets, Prime Minister Nguyen Xuan Phuc has said.
To aid the economic development process, Hanoi will need to mobilize VND3,100-3,200 trillion (US$134.1-140 billion) in the 2021-25 period.
For next year, Hanoi targets growth of the agricultural sector by at least 3%.
In the next five years, Hanoi will focus on improving its connectivity with neighboring localities.
Hanoi has achieved significant results as the city continues to pursue the dual target of both containing the pandemic and boosting economic recovery, the Hanoi’s mayor has said.
Minister of Planning and Investment Nguyen Chi Dung outlined five major solutions for Vietnam to realize its socio-economic development goals in 2020.
This comes as Vietnam’s GDP growth in 2020 is set to expand by 2 – 3%, much lower than the 6.8% target initially set for the year, Prime Minister Nguyen Xuan Phuc has said.