Despite being affected by general difficulties, the growth rate of the construction industry achieved about 8-8.5% this year, contributing to bringing the economy's overall growth rate surpassing the 6-6.5% plan set by the Government. Illustrative image (Photo: VNA) Timely control of the real estate market is one of the recognised successes in the State management of the Ministry of...

Prime Minister Pham Minh Chinh attended and launched a groundbreaking ceremony for 12 components of the second phase of the north-south expressway project in the central province of Quang Ngai on January 1. Prime Minister Pham Minh Chinh addresses the groundbreaking event (Photo: VNA) The 12 component projects cover a total length of 723.7km, of which the Ha...

Under the sound leadership of the Party Central Committee and with the motto “Solidarity, discipline, active adaptation, safety, efficiency and economic recovery”, the Government and the entire country have overcome challenges and reaped achievements in all spheres, laying foundation for 2023 and subsequent years. Prime Minister Pham Minh Chinh meets President of European Commission Ursula von der Leyen...

Textile and garment exports may reach 47 - 48 billion USD in the positive scenario for 2023 and 45 - 46 billion USD in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS). Illustrative photo (Source: VNA) How enterprises adapt to changes in markets will affect their growth in any circumstance, it added. In the positive scenario...

A number of foreign news agencies and media groups have hailed Vietnam's booming economy with a GDP growth rate of 8.02% this year. Illustrative image (Photo: VNA) Singapore’s straitstimes.com commented that Vietnam’s economy grew at the fastest pace in Asia this year. The US’s CNN called it the fastest growth rate since 1997 while the UK’s BBC stressed that...

The construction of a trade centre showcasing specialties of Vietnam began in Mekong Delta province of An Giang on December 30. A perspective view of the trade centre. (Photo: baoangiang.com.vn) Spanning over 20,000 sq.m in Chau Doc district, the centre has a total investment of more than 66 billion VND (nearly 2.8 million USD). It includes zones that...

State budget revenue in 2023 is projected at 1.62 quadrillion VND (68.5 billion USD), up 0.4% from 2022, according to a report on state budget, which was exclusively made for the public. Illustrative image (Source: VNA) Under the report, recently released by the Ministry of Finance, state budget expenditures would be 2.07 quadrillion VND, a rise of 16.3% as...

This year’s forestry exports are estimated at over 16.9 billion USD, up 6.1% from 2021, according to the Vietnam Administration of Forestry. A wood factory in Vietnam (Photo: VNA) The value includes about 15.85 billion USD worth of timber and wood products, rising 7%, and 1.1 billion USD worth of non-timber products, falling 1.3%. Meanwhile, timber and wood product...

There are 208,300 enterprises entering the Vietnamese market or resuming their operation in 2022, up 30.3% year-on-year, according to head of the General Statistics Office (GSO) Nguyen Thi Huong. Illustrative image (Photo: VNA) Specifically, this year, 148,500 registered to be set up, with a combined capital of 1.59 quadrillion VND (67.4 billion USD) and 981,300 labourers, up 27.1%...

A surge of 87% was seen in tra fish exports to ASEAN markets in the first 11 months of this year to 183 million USD, accounting for about 8% of total export revenue of the product in the period. Illustrative image (Source: congthuong.vn) The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that more than 45% of...