Amid global uncertainties, the continued maintenance of macro-economic stability will form an important foundation for Vietnam to achieve next year’s growth target, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong. Vietnam posts a year-on-year economic growth rate of 5.05% in 2023. (Photo: VNA) In an interview granted to the Vietnam News Agency, she highlighted the...

2023 has been a successful year for Vietnam in digital transformation with many steps forwards, according to Deputy Minister of Information and Communications Nguyen Huy Dung. Deputy Minister of Information and Communications Nguyen Huy Dung addresses the meeting (Photo: VNA) Delivering a report on the 7th meeting of the National Committee for Digital Transformation on December 28, Dung said...

Vietnam’s gross domestic product (GDP) growth rate is estimated at 5.05% in 2023, the General Statistics Office (GSO) announced on December 29. Labour productivity of the entire economy at current prices is estimated at 199.3 million VND (8,380 USD) per worker in 2023, up 274 USD than the 2022 figure (Photo: VNA) Specifically, the economy is estimated to expand...

Hanoi has recorded a year-on-year growth rate of 6.27% in gross regional domestic product (GRDP) in 2023, with improvement seen quarter by quarter, said the municipal Statistics Office. Hanoi posts a GRDP growth rate of 6.27% in 2023. (Photo: VNA) The rate stood at 5.81% in Q1, 5.91% in Q2, 6.22% in Q3, and 7% in Q4, Director...

Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs. Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%. (Photo: VNA) In a report released recently, the agency said Vietnam’s cost competitiveness, educated workforce compared with peers, and entry into numerous regional and global free...

Prime Minister Pham Minh Chinh has signed to issue an official dispatch asking for measures to strengthen the management of the domestic gold market. Customers make transactions at a Bao Tin Minh Chau gold shop. (Photo: VNA) The official dispatch, sent to the Governor of the State Bank of Vietnam (SBV), the Ministers of Public Security, Industry and...

Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD. Vietnam enjoys a trade surplus of 125 billion USD with European and American markets. (Photo: VNA) According to the Ministry of Industry and Trade’s European...

Suffering from declined overseas shipments, export businesses in some industries now need more assistance from the Government to navigate difficulties and challenges, insiders have said. The factory of the Tinh Loi Garment Company in Hai Duong province. (Photo: VNA) Together with public investment and consumption, export is identified as one of the three drivers of Vietnam’s economic growth....

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses, control inflation, and spur socio-economic recovery and development, thus achieving the targets set for 2024. As of December 25, state budget revenue surpasses...

The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc. Minister of Finance Ho Duc Phoc. (Photo: VNA) Initially, the ministry will focus on effectively implementing the policy to reduce the value added tax (VAT) by 2%...