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%.
Prime Minister Pham Minh Chinh has ordered prompt actions be taken to effectively settle the aftermath of Typhoon Yagi, stabilise people's life, and restore production and business activities to reach the unchanged economic growth target of 7%.
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 northern province of Ninh Binh has built and developed OCOP products through incorporating cultural values in each product, thereby adding more resources for rural economic 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%.
With its right investment attraction approaches and willingness to share and side with businesses, Ninh Binh province has invited many strategic investors to do business in the province to create breakthroughs in economic growth and budget revenue increase. In the coming time, the province will focus on selectively drawing investors and giving priority to projects that are land-effective, energy-effective, technologically advanced, environmentally friendly and highly valued, as well as projects that have strong ripple effects and connect global production and supply chains.
Cultural resources are directly promoting economic growth in many fields and in many localities. In particular, Ninh Binh is an example of making good use of that special resource for its development and green growth.
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.
Under the National Master Plan for the 2021-2030 period with a vision to 2050, Vietnam is set to become a developing nation with modern industry, high average incomes, and economic growth by 2030, based on science and technology, innovation, and digital transformation.
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.
Ninh Binh has defined eco-tourism and green tourism associated with culture, history and heritages as important factors to create tourism brand for the province. The province's tourism sector is enjoying strong development. Tourist destinations have been established and developed into national and international-level ones. In particular, after the Trang An Landscape Complex was recognised by UNESCO as a world cultural and natural heritage in June 2024, the provincial tourism sector has created many jobs and improved living conditions of local people, contributing to the province's socio-economic growth. Director of Ninh Binh's Department of Tourism Bui Van Manh has granted an interview to the press on the potential and orientation of the tourism sector in the coming time
In the first quarter of 2023, Ninh Binh posted an economic growth rate of 8.45%, ranking 6th in the country and 2nd in the Red River Delta region.
While consumption has shown signs of slowing down, attracting foreign investment with strong growth in realised capital but not yet recovering in newly registered capital, public investment will still be the main driver of economic growth in 2023.
Having defined the attraction of investment projects as momentum for the province's economic growth in the current period, Ninh Binh has actively built and carried out numerous solutions to draw investors.
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 COVID-19 pandemic has caused severe impacts in many fields. Thanks to its good performance in disbursing public capital investment, Ninh Binh has created an important driving force for its economic growth, infrastructure development and a new appearance for the province after 30 years of re-establishment.
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).
Prime Minister Nguyen Xuan Phuc on August 2 again called for resolve to perform the dual tasks of containing COVID-19 and preventing negative economic growth, in the context of the pandemic returning in the country with complexity.
The Asian Development Bank (ADB) recently forecast that Vietnam's economic growth this year would be 4.1 percent, 0.7 percentage points lower than its April estimate but still the highest expected in Southeast Asia.