Danh mục lưu trữ: Phát triển kinh tế

IMF ranked Vietnam’s GDP growth among highest worldwide

Jasmine Le vietnamtimes.org, lehang1997hanu@gmail.com

 November 19, 2020 | 16:22 

The International Monetary Fund has revised upward its forecast for Vietnam’s 2020 GDP growth by 0.8 percentage points to 2.4 percent.

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Workers make fillets of catfish at a factory in the southern city of Can Tho. (Photo: Kham)
Workers make fillets of catfish at a factory in the southern city of Can Tho. (Photo: Kham)

Thanks to the successful COVID-19 containment, Vietnam’s growth would be among the highest in the world”, Era Dabla Norris, mission chief to Vietnam and division chief in the IMF’s Asia and Pacific department, was quoted as saying at the end of the team’s virtual mission to Vietnam from October 15 to November 13.

As reported by VNE, Vietnam has benefited from prudent fiscal policies, largely geared toward supporting vulnerable households and firms, Norris said.

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Vietnam emerges as sole economic winner in Southeast Asia, said Nikkei Asia

Valerie MaiValerie Mai vietnamtimes.org


 November 20, 2020 | 15:55 

Vietnam is shaping up as Southeast Asia’s single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, said Nikkei Asia in a recent journal.

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5659 capture
With more goods going out of Vietnam, big container ships have begun stopping there directly, cutting transport costs and time for exporters. (Photo: Reuters)

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Vietnam prosperity ranking jumps 12 places

By Nguyen Quy   November 17, 2020 | 07:58 am GMT+7 vnexpressVietnam prosperity ranking jumps 12 placesWomen practice aerobics to beats coming off a smartphone at a Covid-19 quarantine camp in Lao Cai Province, northern Vietnam, February 17, 2020. Photo by VnExpress/Giang Huy.

Vietnam has moved up 12 places to 73rd out of 167 economies in a global prosperity ranking, ahead of several Asian peers.

With an overall score of 58.3 points, Vietnam ranked 13th out of 29 economies in the Asia-Pacific region, according to the Prosperity Index 2020 published Monday by London-based think tank Legatum Institute.

The index ranked countries and territories based on various socio-economic categories including safety and security, governance, investment environment, economic quality, living conditions, health, education and natural environment.

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Lowering taxes to attract FDI is a ‘race to the bottom’: experts

TĐH: There are many intangible benefits from foreign direct investments (FDI) – employment and jobs for the local population, increased education, increased professional skills, better law enforcement and legal process, better working and living conditions in general for the locality… Not just taxes. Tax is a small part of the benefit package. If we need to lower/exempt taxes to compete, then let’s do that to compete. If the entire gang of Asia or Southeast Asia countries agree not to use taxes to compete, then that is “an agreement not to compete,” in a national scene that would constitute a violation of antitrust (anti-competition) law, harmful to consumers and to the economy. The economic principle should not be different in the international scene. (But of course, we need to compete both in business environment and in financial benefits such as taxation and land lease).

By Dat Nguyen, Quynh Trang   November 16, 2020 | 08:07 am GMT+7 vietnamnetLowering taxes to attract FDI is a ‘race to the bottom’: expertsWorkers seen in a foreign-invested air conditioner manufacturing plant in the northern province of Hung Yen in December 2019. Photo by VnExpress/Vien Thong.

Competing for foreign investment with tax incentives will end up hitting governments’ revenues and be a lose-lose situation for all ASEAN members, experts warn.

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Asia forms world’s biggest trade bloc, a China-backed group excluding U.S.


The Hindu

Vietnam’s Prime Minister Nguyen Xuan Phuc (L) sits next to Minister of Industry and Trade Tran Tuan Anh as they watch a screen showing Chinese Minister of Commerce Zhong Shan (R) signing next to Chinese Premier Li Keqiang during the virtual signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) Agreement during the 37th ASEAN Summit in Hanoi, Vietnam November 15, 2020.   | Photo Credit: Reuters

Amid questions over Washington’s engagement in Asia, RCEP may cement China’s position more firmly as an economic partner with Southeast Asia, Japan and Korea, putting the world’s second-biggest economy in a better position to shape the region’s trade rules

Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump.

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Development of coastal urban areas: a hot trend

vietnamnet 02/11/2020    19:34 GMT+7

“Coastal urban area” is a phrase that is appearing increasingly in the print and electronic media.

    Development of coastal urban areas : a hot trend - Economy - Business Beat  - Vietnam News | Politics, Business, Economy, Society, Life, Sports -  VietNam News
Rendering of NovaWorld Phan Thiet project in Binh Thuan Province. Photo: haiphathome.vn

It began after the launch of a series of large-scale coastal developments like NovaWorld Phan Thiet in Binh Thuan Province and NovaWorld Binh Chau in Ba Ria-Vung Tau in recent times and some even started offering their products for sale.

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North-South high-speed railway to be core part of national transport system

30/10/2020    07:10 GMT+7 vietnamnet

Prime Minister Nguyen Xuan Phuc asked the Ministry of Transport to propose a feasible plan for the North-South high-speed railway, considering this the backbone of the national strategy on railway development by 2050.

North-South high-speed railway to be core part of national transport system
A train in Ninh Phuoc District, Ninh Thuan Province. — VNA/VNS Photo

The high-speed line, inter-provincial, inter-regional and urban railway networks must also be added to the strategy, he said.

He was speaking at a Government meeting on Wednesday on the development strategy for Vietnam’s railway towards 2050.

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2,75 triệu tỷ đầu tư công trung hạn 5 năm tới

Vốn đầu tư công 5 năm tới dự kiến tăng lên 2,75 triệu tỷ đồng - Báo Nhân Dân


Quy mô đầu tư công trung hạn giai đoạn 2021-2025 tăng hơn 37% so với giai đoạn 2016-2020, tương đương 2,75 triệu tỷ đồng.

Báo cáo trước Quốc hội, Bộ trưởng Kế hoạch & Đầu tư Nguyễn Chí Dũng cho biết, tổng mức vốn đầu tư trung hạn từ nguồn ngân sách giai đoạn 2021-2025 là 2,75 triệu tỷ đồng, tăng 37,5% so với kế hoạch giai đoạn 2016-2020. Trong đó, nguồn từ ngân sách trung ương là 1,38 triệu tỷ, còn vốn cân đối ngân sách địa phương là 1,37 triệu tỷ đồng. Mức dự phòng chung là 10%.

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Big investors pour money into IZ projects as land fund declines

15/10/2020    09:30 GMT+7 vietnamnet

The land rent in some industrial zones in Hai Phong, Bac Ninh and Hai Duong has increased by 20-30 percent.

Covid-19 has temporarily disrupted investments, but the interest in Vietnam remains strong as it is expected to be the new industrial power in the region. Investors are still seeking land and workshops to prepare their plans.

Big investors pour money into IZ projects as land fund declines

According to JLL, more and more online platforms have been set up which allow clients to find and lease land from a distance.

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VN to set new regulations for overseas investment

13/10/2020    19:02 GMT+7 vietnamnet

Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.

Viettel Group has invested in providing telecommunications services in a number of countries. Viet Nam is developing a decree to better manage overseas investments. — Photo baodauthau.vn

Enterprises founded under the provisions of the Law on Enterprise would be exempt from the ruling.

The regulation aimed at preventing individuals from investing in real estate in foreign countries for the purpose of obtaining citizenship, according to the ministry.

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$777 mln expressway proposed from southern province to Central Highlands

$777 mln expressway proposed from southern province to Central Highlands
An intersection between the Ho Chi Minh City – Long Thanh – Dau Giay Expressway with the National Highway 1A in Thong Nhat District, Dong Nai Province. Photo by VnExpress/Phuoc Tuan.

By Phuoc Tuan   October 9, 2020 | 08:31 pm GMT+7 VNExpress

A VND18 trillion ($777 million) expressway is proposed to be built between the southern province of Dong Nai and Lam Dong in the Central Highlands.

The 67-kilometer expressway will have four lanes and allow vehicles to travel at up to 80 kilometers per hour, according to a pre-feasibility report drawn up by the Ministry of Transport’s Thang Long Project Management Unit.

It will run from Tan Phu District in Dong Nai to Bao Loc Town, which is famous for tea.

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LG to build new R&D center for vehicle component solutions in Da Nang

Tuesday, October 06, 2020, 18:32 GMT+7 tuoitrenews

LG to build new R&D center for vehicle component solutions in Da Nang
Representatives of the Da Nang Investment Promotion Agency (IPA) and the Vehicle Component Solutions – Development Center (LG VS) of LG Electronics Vietnam Hai Phong Co. Ltd. sign a memorandum of understanding on the establishment of a new R&D center in Da Nang City, October 6, 2020. Photo: Tan Luc / Tuoi Tre

South Korean multinational conglomerate LG has announced the establishment of a center for the research and development (R&D) of vehicle components in the central Vietnamese city of Da Nang.

The Da Nang Investment Promotion Agency (IPA) and the Vehicle Component Solutions – Development Center (LG VS) of LG Electronics Vietnam Hai Phong Co. Ltd. on Tuesday signed a memorandum of understanding (MoU) on the center’s foundation.

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Vietnam to pilot night-time economic activities in 10 major cities

31/07/2020    15:51 GMT+7 31/07/2020 vietnamnet

The Government has approved a project on night-time economy development in Vietnam which will allow major cities and tourist attractions to pilot night-time services until 6 a.m.

Vietnam to pilot night-time economic activities in 10 major cities

The project aims to take advantage of the potentials of night-time economy to boost the national economy and enhance the incomes of the people while ensuring social order and safety.

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South-east, Mekong Delta regions to prioritise transport infrastructure

Chia sẻ | FaceBookTwitter Email Copy LinkInterested0

11/09/2020    06:59 GMT+7

Minister of Planning and Investment Nguyen Chi Dung has urged localities in the south-east and Mekong Delta regions to develop transport infrastructure by diversifying the sources of and effectively using capital over the next five years.

South-east, Mekong Delta regions to prioritise transport infrastructure

Speaking at a conference on socio-economic development in the two regions, he called on them to lay out their objectives and priorities for public investment in 2021-25 to ensure “focused and effective investment.”

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Modern Hanoi and HCM City impressive images

Chia sẻ | FaceBookTwitter Email Copy LinkInterested003/09/2020    12:32 GMT+7

In recent years both Hanoi and HCM City have undergone rapid development, with many skyscrapers, immense boulevards, and impressive public works taking shape. 

Let’s take a look at the amazing architectural feats of the nation’s two largest cities:

modern hanoi and ho chi minh city in impressive images hinh 1

Ba Dinh Square, the country’s largest square, is located on Hung Vuong street directly in front of the Ho Chi Minh Mausoleum. The site is the place where President Ho Chi Minh proclaimed the Declaration of Independence on September 2, 1945, therefore marking the start of the Democratic Republic of Vietnam.

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