Changes in monetary policies often have quick impacts on the city, which is often referred to as Vietnam’s economic locomotive, and therefore fluctuations of the Vietnamese dong against the U.S. dollar and the Chinese yuan will have a direct influence on trade, especially among foreign direct investment companies, said a report by the University of Economics and Law under the Vietnam National University HCMC.

Downtown Ho Chi Minh City.

HCMC posted a GRDP growth of 5.81% last year, down from 9.03% in 2022.

The city targets a growth rate of at least 7.5% this year.

Analysts of the University of Economics and Law proposed that HCMC should partner with nearby localities such as Binh Duong and Tay Ninh to create an economic triangle.

Tay Ninh can provide power, water, agriculture and carbon credits, while Binh Duong can be its extended industrial and exports hub.

HCMC recorded an industrial index growth of 4.3% last year, higher than the national average. Services surged by nearly 6.8%.

Agriculture and seafood rose 1.53% while industrial industry and construction rose 4.42%.

Tourism revenue rose 25% from 2019 (before Covid-19) to VND160 trillion ($6.56 billion).

Vietnam among countries with high economic growth in 10 years

Vietnam, together with China and some other Asian countries, is among the 20 countries with the fastest economic growth over the last 10 years, according to Yahoo Finance.

Vietnam should extend economic support programme to 2024: WB

Vietnam could consider extending the implementation of the economic support programme (2022-2023) into next year to allow its planned investments to be fully implemented, supporting aggregate demand, as the economy still faces headwinds, according to World Bank experts.

Bac Giang Power Company works hard to ensure power supply for socio-economic development

BAC GIANG – The Power Management and Distribution Department of Region VII (referred to as Electricity Department VII), the predecessor of Bac Giang Power Company (PC Bac Giang), was established from a number of units of the Ha Bac Power Plant and officially went into operation on January 1, 1974,. During the 50 years of construction and development, PC Bac Giang has overcome difficulties, made many achievements, and exerted efforts to supply electricity for local socio-economic development.

Bac Giang launches science-technology projects to serve socio-economic development

The northern province of Bac Giang will focus on improving the quality and efficiency of the implementation of science-technology tasks to serve local socio-economic development, Director of the provincial Department of Science-Technology Nguyen Thanh Binh has said.

Press information on socio-economic situation of Bac Giang province in 2023

BAC GIANG - On the afternoon of December 6, the Bac Giang Provincial People's Committee held a press conference on the socio-economic situation in 2023, the main tasks and solutions in 2024.

Source: VnExpress