At a press conference following the Government’s regular meeting in Hanoi on July 1, Phuong said under the first scenario with a growth target of 6% for the whole year, growth in the third and fourth quarters should reach 6.2% and 6.5%, respectively, provided that the Covid-19 pandemic is basically curbed in July and there are no pandemic clusters in industrial parks and no social distancing in major cities and provinces.

In the first half of this year, the country's gross domestic product (GDP) expanded by 5.64%, higher than 1.82% recorded in the same period last year.

To achieve a 6.5% growth rate this year under the second scenario, the country must reach growth of 7% in the third quarter and 7.5% and above in the fourth quarter providing that the pandemic is controlled in June and there are no pandemic clusters in industrial parks and no social distancing in major cities and provinces.

The MoPI reported that the economy encountered challenges in the first half of this year, mostly from Covid-19 outbreaks with new variants, rising prices in real estate, materials, transportation and international trade risks.

In the first half of this year, the country's gross domestic product (GDP) expanded by 5.64%, higher than 1.82% recorded in the same period last year but lower than 7.05% and 6.77% in the same periods in 2018 and 2019. The consumer price index went up 1.47% in the first half of this year, the lowest since 2016.

As of June 23, credit grew by 5.08% from late 2020 and 15.41% year-on-year.

State budget collections hit 57.7% of the estimate, up 15.3% annually. Total budget expenditure was down 4.9% year-on-year, or 41.2% of the yearly estimate. Food security was still ensured.

Businesses organisations connect to help bring Vietnamese goods to Europe

The State Committee for Overseas Vietnamese Affairs (SCOVA) held a virtual meeting on June 23 to connect the Vietnam Private Business Association (VPBA) and the Vietnam-Europe International Business Association with the Union of Vietnamese Business Associations in Europe (UVBA).

Each business acts as fortress against pandemic

(BGO) – With a bold decision to quickly recover the industrial production and ensure pandemic safety, Bac Giang province has handled some important issues in the short run. However, the province needs more solutions so as each business and industrial park (IP) can move toward sustainable and stable development. 

Bac Giang supports businesses in industrial parks to recover production

(BGO) – The People’s Committee in Bac Giang province (PPC) has issued the programme to support businesses in the industrial parks (IP) to recover the production. 

Businesses struggle with rising costs during Covid-19

Many businesses have closed down or are struggling with rising overheads due to Covid-19.

Business resume normal pace

(BGO) – To ensure “duo target” of pandemic prevention and production to gradually recover the global supply chain, the People’s Committee in Bac Giang province (PPC) issued Plan No.213 about re-organizing the production for businesses in the industrial parks which were previously suspended. Since May 28, many enterprises with qualified condition of disease prevention have resumed normal pace.

Source: NDO/VNA