In an optimistic scenario, Vietnam’s gross domestic product growth will be lower than 6.5% targeted by the Government when Covid-19 pandemic is under control in August. If the growth hits 6.2%, it will surpass the National Assembly’s target by 0.2 percentage point.

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If the pandemic is curbed by October, two months late than the best-case scenario, Vietnam is forecast to expand by 5.9%, or 0.1 percentage point lower than the legislature’s target.

Director of the CIEM’s Department for General Economic Studies Nguyen Anh Duong said the Vietnamese economy will continue facing uncertain developments at home and in the world in the last half of this year, including the risk of Covid-19 and coronavirus variants.

Other factors affecting growth include the progress of public investment disbursement, macro-economic stability, facilitation of digital economy and transformation, opportunities from new-generation free trade deals, and chances for female workers.

The CIEM also offered policy orientations regarding domestic migration from a gender-based perspective.

CIEM Director Tran Thi Hong Minh suggested three important measures to control the pandemic and propel economic growth, including ensuring the combination between macro-economic policy and reform towards green and sustainable recovery, promoting business recovery and improving internal capacity amid global economic integration, and accelerating innovation and science-technology towards digital economic development.

Bac Giang looks to develop night-time economy

The People's Committee of Bac Giang province has approved a night-time economic development project for the 2021 - 2030 period with the aim to promote the development of evening economic activities in the locality, and turn Bac Giang into a vibrant and attractive destination, meeting the needs of working, entertaining, shopping, enjoying food and experiencing the nightlife of locals and visitors.

Provincial leader orders to firmly maintain disease safety to sell lychee and develop economy

(BGO) – Chairman of Bac Giang provincial People’s Committee (PPC) Le Anh Duong on June 9 paid a field trip to inspect the task of Covid-19 Prevention and Control as well as lychee consumption promotion in Luc Ngan district.

Luc Ngan focuses on developing fruit trees, forest-based economy in association with tourism

(BGO) - On the morning of April 13, the Standing Board of the Bac Giang provincial Party Committee had a working session with the Standing Board of the Luc Ngan district Party Committee on the implementation of the resolutions of the Party congresses at all levels for the 2020-2025 tenure and key tasks for 2021; directions and tasks for the next time. 

Economy off to positive start

Vietnam has begun 2021 with improved GDP growth, foreign direct investment and trade, but the number of suspended businesses remains high.

Vietnam looks forward dynamic and effective collective economy

The Prime Minister has recently approved the Collective and Cooperative Economy Development Strategy for the 2021-2030 period with the aim of promoting a dynamic, efficient and sustainable collective economy.

Source: NDO/VNA