Economic Development

Hanoi has set a high growth target of 7.5%. Priorities will be given to high-potential economic areas, including manufacturing and processing.

Localities should prioritize public investment in the infrastructure of transport, electricity, water, and telecommunications.

Current priorities should be attached to ensuring effective state budget collection and pushing for speedier disbursement of public investment funds, the city’s mayor has said.

A harmonization in innovation, stability and development is required for Vietnam to pursue sustainable economic development, Prime Minister Nguyen Xuan Phuc has said.

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

Vietnam has successfully attained the dual target of both containing the pandemic and boosting economic recovery, Prime Minister Nguyen Xuan Phuc has said.

Effective implementation of the OCOP program helps localities realize their potential in economic development and promote tourism, said a local official.

Over the past five years, Vietnam has generated around US$1.2 trillion worth of GDP and ensured a stable macro-economic environment for development.

Vietnam and the US have become major economic partners for each other, with bilateral trade growing strongly over the years.