IMF forecasts Vietnam's economic growth to reach 6.1 % in 2024
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV Consultation with Vietnam.
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The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV Consultation with Vietnam.
The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.
Despite numerous difficulties and challenges from complicated and unpredictable global developments over the first seven months of this year, Vietnam's economy continued to record positive outcomes thanks to the effective implementation of the Government's resolutions to promote growth.
The outstanding socio-economic development outcomes in the first four months of 2024 has laid an important foundation for Ninh Binh province to reach its set target for the whole year.
Prime Minister Pham Minh Chinh has demanded priority be given to promoting economic growth and securing the best possible results for the aspects failing to meet targets this year.
The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024, with the highest GDP growth rate forecast at 6.5%.
The northern province of Ninh Binh posted an economic growth rate of 7.56% growth in the first half of 2023, ranking 6th out of 11 provinces and cities in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities. However, amid the context of low market demand, lack of foreign orders, and complex political situation, achieving the economic growth target of 7.5% in 2023 is a great challenge for Ninh Binh, requiring numerous solutions to spur economic growth.
Ninh Binh posted an economic growth rate of 7.56% growth in the first half of 2023, ranking 6th in the Red River Delta and 12th out of the country's 63 provinces and centrally-run cities.
The Ninh Binh Provincial People's Committee held a meeting on July 6 to discuss measures to boost the province's economic growth in the second half of 2022 and the coming time.
In an effort to effectively prevent and control the COVID-19 pandemic and develop the economy, the Ninh Binh Provincial People's Committee on April 21 held a meeting to discuss ways to boost economic growth in the coming time.
The Central Institute for Economic Management (CIEM) and the Australia Supports Economic Reform in Vietnam (Aus4Reform) on July 15 announced two economic growth scenarios for Vietnam this year.
The Government has just issued Resolution 195/NQ-CP on serious, synchronous and effective implementation of key tasks and solutions for 2021, with the aim of striving to achieve economic growth of 6-6.5%.
Vietnam is aiming for GDP growth of 6% in 2021 under a socio-economic plan recently adopted by the National Assembly (NA).
Vietnam's economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, public debt reduced by nearly 8 percentage point of GDP since 2016, and a trade balance surplus for fourth year in a row, according to the World Bank (WB)'s report released on December 17.
Prime Minster Nguyen Xuan Phuc has ordered ministries and sectors to accelerate institutional reform to promote economic growth on the basis of macro-economic stability.
Ninh Binh posted a GRDP growth rate of 10.1% in the first six months of 2019, 1.5 times higher than the average growth rate of the whole country, according to a report released at the 11th session of the 14th People's Council of Ninh Binh province on July 10.
The economy is shaping new growth momentum, powered by the Government's determination to build a "development-facilitating government" development based on socio-economic development impetuses and people's livelihood improvements.
Ninh Binh province has so far licensed 542 projects with a total registered capital of 105 trillion VND (4.6 billion USD), said Nguyen Cao Son, Vice Director of the Department of Planning and Investment.
Vietnam's economic growth in 2015 is forecast to reach 6.4 percent, according to the Ministry of Planning and Investment.
Businesses that struggled to survive between the years 2011 and 2013 are now leaders in terms of both business administration and independent business strategy.
Economists predict the Vietnam economy will experience positive growth in 2014 on the back of an increasing global demand and much improved world economic environment.