The Ministry of Industry and Trade is drafting a scheme on diversifying imported raw material sources for domestic production, with feedback from industry associations and businesses being incorporated into concrete proposals and support policies.
Việt Nam is stepping up efforts to achieve an ambitious GDP growth target of 8.3–8.5 per cent this year, despite global uncertainties and divergent economic forecasts.
This makes Việt Nam the fastest-growing economy among the ASEAN+3 group, which includes the ten ASEAN countries along with China, Japan and South Korea.
Unless the final consumption figure is fractionated, the effectiveness of consumption stimulus policies is not correctly assessed. A lack of disaggregated statistics can prevent sufficiently deep assessments from being a basis for good policies and meaningful stimulation measures.
The Singapore-based United Overseas Bank (UOB) revised its forecast projection for Việt Nam’s GDP growth upward to 6.9 per cent for 2025 from its previous projection of 6 per cent, following the strong performance in the second quarter.
In the most extreme case, electricity demand increases by more than 15 per cent, driven by breakthrough economic performance and widespread severe weather conditions.
To meet this year''s ambitious goals, the PM stressed boosting growth, stabilising the economy, controlling inflation and ensuring key economic balances.
The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for...
The Ministry of Finance attributed the strong performance to solid economic growth in 2024, which drove up corporate income tax and value-added tax collections.
According to the General Statistics Office (GSO), Việt Nam secured US$38.23 billion in FDI last year, positioning itself among the top 15 developing countries for FDI inflows. Notably, the disbursement of FDI capital hit a record high of $25.35 billion,...