New impetus needed to achieve 2021 economic growth target: experts
Economic experts have emphasised the need to have a new impetus to improve economic growth in the remaining months of 2021 towards realising the growth target for the year set by the Government and the National Assembly.
Hanoi (VNA) - Economic experts have emphasised the need to have a new impetus to improve economic growth in the remaining months of 2021 towards realising the growth target for the year set by the Government and the National Assembly.
Vietnam’s economic growth is forecast to expand by 6 percent this year.
According to Le Trung Hieu from the General Statistics Office, the country’s GDP growth in the first six months increased by 5.64 percent.
It is difficult to achieve the yearly growth target of 6.5 percent set by the Government amid the complicated developments of the COVID-19 pandemic, which is weakening the internal capacity of the national economy.
To realise the growth target of 6 percent required in the National Assembly’s Resolution on socio-economic development plan in 2021, Hieu said that the economic growth needs to rise by 6.3 percent in the last six months of the year.
This goal is completely feasible if the epidemic is controlled soon, and synchronous solutions of the Government proves effective, he noted.
Economic experts agreed that the economic growth in the remaining months of the year completely depends on the ability to control the pandemic.
Nguyen Minh Cuong - Chief economist of the Asian Development Bank (ADB) in Vietnam underlined the importance of vaccination in the time to come, saying that this is the drive and the hope for economic recovery.
ꦉ Apart from accelerating vaccination campaigns, it is necessary to speed up disbursement of public investment because it still plays a leading role in economic growth, he said./.
Party General Secretary Nguyen Phu Trong has delivered an appeal to Vietnamese people at home and overseas to step up COVID-19 prevention and control amid the complicated developments of the pandemic.
Despite struggling to cope with a COVID-19 resurgence, Ho Chi Minh City managed to achieve positive economic growth in the first seven months of the year, according to the city Statistics Office.
Despite complicated developments of the COVID-19 pandemic, export revenues from agricultural products have increased strongly so far this year, greatly contributing to the country’s economic growth.
The APEC Business Advisory Council (ABAC) highlighted the need for joint efforts in seeking coherent and timely solutions to complex global challenges at its third virtual meeting for the year held on August 3.
The Government always accompanies businesses and strives to seek solutions to remove difficulties facing the business community amid the COVID-19 pandemic, Prime Minister Pham Minh Chinh has said.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Photo: VNA) 
