Gdp

The focus of the government’s support this time would be for enterprises with high spillover effects to the economy, especially in fields of aviation, tourism and consumer products.

For the first time, the Vietnamese government would issue a list of sectors with limited market access for foreign investors under the negative list principle.

Many enterprises are now mapping out short-term business strategies of up to three years, given growing global uncertainties.

The conclusion of the RCEP is particularly meaningful for Vietnam as the ASEAN Chair in 2020, which has put much effort to help complete the long-awaited deal.

The VN-Index edged up 2% month-on-month in October to finish at 925.47 and was among the best-performers in the world.

By 2025, Vietnam’s public debt is projected at 47.5% of the revised GDP (which is 25.4% higher than current method of GDP’s calculation), or 60.4% of the level before being revised.

Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong.

As Covid-19 remains unpredictable globally, it would be a “big mistake” if Vietnam relaxes the vigilance against the pandemic, Prime Minister Nguyen Xuan Phuc has said.

The government is taking a cautious view in setting its development goals for 2021, which is understandable due to lingering risks from the Covid-19 pandemic.

In the East Asian and Pacific region, Vietnam ranked third after China and the Philippines.