Connect with us

Vietnam

Vietnam’s economic growth exceeds set target at 6.8%

The gross domestic product (GDP) growth in 2017 is estimated to expand by 6.81 percent, surpassing the Government’s set target of 6.7 percent.

Avatar

Published

on

General Director of the General Statistics Office (GSO) Nguyen Bich Lam revealed the information at a press conference in Hanoi on December 27 to announce socio-economic indexes in 2017.

The agro-forestry-fishery sector is expected to increase by 2.9 percent, contributing 0.4 percentage points to the 6.81 percent GDP growth level

The country’s GDP grew quarterly, with 5.15 percent in Q1, 6.28 percent in Q2, 7.46 percent in Q3, and 7.65 percent in Q4.

The agro-forestry-fishery sector is expected to increase by 2.9 percent, contributing 0.4 percentage points to the 6.81 percent GDP growth level. The industrial and construction sector posted an 8 percent growth rate, contributing 2.77 percentage points whilst the service industry climbed by 7.44 percent, contributing 2.87 percentage points.

Lam said Vietnam’s socio-economic affairs 2017 took place in the context of steady recovery and growth of major economies such as China, the US, Japan, the Republic of Korea (RoK) and the European Union (EU).

The World Bank has forecast the global GDP would stand at 3 percent, while the International Monetary Fund (IMF) anticipated a growth of 3.6 percent this year, he noted.

Global trade activities also witnessed improvements. In September 2017, the World Trade Organisation (WTO) increased its forecast for global trade in 2017 to 3.6 percent, higher than the previous level of 2.4 percent and much higher than the growth of 1.3 percent in 2016.

They are active factors for domestic production since Vietnam has been integrating more extensively and intensively into the world’s economy, Lam explained.

He noted that inflation was curbed below the set target of the National Assembly. The country recorded high credit growth, abundant remittances and foreign direct investment (FDI), stable exchange rate, and increasing foreign exchange reserves.

Vietnam continued focusing on economic restructuring to increase competitiveness, improve the business environment, and promote start-up movements.

However, the country faced certain difficulties such as a strong reduction in farm produce and food prices, which had…

Source link

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Vietnam

Vietnam leads ASEAN in women's employment

The share of Vietnamese women in total employment stayed at about 48.5 percent in 2016, however this was little changed from 2009.

Avatar

Published

on

Hanoi (VNA) – Vietnam is leading ASEAN in terms of the percentage of working women in total employment, according to a report by the ADB and OECD.

(more…)

Continue Reading

Tourism

Vietnam ranks 63rd in WEF tourism competitiveness index

When it comes to price competitiveness, Vietnam ranks 22nd, rising 13 places while in terms of air transport infrastructure, the country has improved by 11 places, growing to 50th from 61st.

Avatar

Published

on

Hanoi (VNA) – Vietnam ranks 63rd among 140 countries and territories in the recently released Travel & Tourism Competitiveness Index (TTCI) 2019, jumping four places compared to the latest 2017 ranking.

(more…)

Continue Reading

India

Thailand woos Southeast Asian tourists with shopping campaign

The programme called “Give Me Five” is set to increase shopping among tourists from Cambodia, Laos, Myanmar and Vietnam (CLMV) along with Indonesia, Malaysia and India.

Boris Sullivan

Published

on

The Tourism Authority of Thailand (TAT) has launched a new marketing campaign with the hope of luring 200,000 visitors from seven growing markets in Asia.

(more…)

Continue Reading

Most Read

Upcoming Events

Mon 21

34th International Conference on Dental and Oral Health

October 21 @ 9:00 am - October 22 @ 5:00 pm BMT
Nov 06

2nd World Congress on Pediatrics and Child care

November 6 @ 8:00 am - November 7 @ 7:00 pm BMT
Radisson Hotel Narita
Tomisato-shi
Nov 07

3rd World Congress On Gynecology, Obstetrics & Reproductive Health

November 7 @ 9:00 am - November 8 @ 4:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 11,595 other subscribers

Trending