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Investment attraction of the northern province of Ninh Binh has seen remarkable progress, contributing greatly to its socio-economic growth. This was attributed to the province's provision of mechanisms and policies in favor of attracting investment over the past few years.
The province's index of industrial production (IIP) saw a year-on-year increase of 24.46 percent in 2019, proving its policy of developing the industrial sector as a key driver of the economic growth.
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 national economic growth will continue to be marked by positive trends this year thanks to improvements to institutions and the investment environment, according to a forecast by the National Centre for Socio-Economic Information and Forecast (NCIF).
Developing tourism at national tourist sites has brought about positive results in local socio-economic growth, but on the other hand, it has also posed concerning negative impacts on the environment, heard delegates at a conference held in Ninh Binh province, on July 28.
At the APEC Vietnam 2017 themed "Creating New Dynamism, Fostering a Shared Future", Vietnam and other member economies are eager to create new momentum for integration, connectivity and economic growth in the Asia - Pacific region.
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.
The Government's monthly meeting opened on October 29th morning with focus on measures to create a leap in the last quarter's economic growth rate and curb this year's inflation within 5 percent.
Tourism is a remarkable contributor to Vietnam's economic growth.
President of the Vietnam Fatherland Front Central Committee Nguyen Thien Nhan expressed his belief that the Party Committee and people of Ninh Binh province will drive the locality into a new development period with higher and more sustainable economic growth, improved living standards and a strengthened political system.
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.
Vietnam's economic growth in 2014 is estimated at 5.98%, up from the 5.4% rate last year, as the economy is being strongly boosted by a buoyant manufacturing sector, the General Statistics Office (GSO) has announced.
Cabinet members called for maximum efforts in achieving this year's economic growth target of 5.8 percent in their August 27-28 meeting in Hanoi.
A workshop was held in Hanoi on May 29 to introduce the 2014 Vietnam Annual Economic Report, which highlights the constraints across all fields impacting the country's economic growth.
Businesses that struggled to survive between the years 2011 and 2013 are now leaders in terms of both business administration and independent business strategy.
The General Statistics Office (GSO) reports Vietnam has maintained steady economic growth for the fourth consecutive quarter in a row, establishing a trend that bodes well for the economy in 2014.
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.
Despite Vietnam experiencing a period of positive economic growth towards the end of 2013, the National Financial Supervision Commission (NFSC) predicts local businesses will continue to face tough challenges in the coming year due to their tight budgets.
