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%.
Prime Minister Pham Minh Chinh on September 7 asked ministries, agencies and localities to implement priority tasks and solutions in order to spur growth this year and 2025, making up for the sluggishness in the previous years due to COVID-19 impacts.
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 exerted efforts to achieve a Gross Regional Domestic Product (GRDP) growth rate of 8% in 2024.
Thanks to the improved quality of tourism services, new tourism products and tour routes, Ninh Binh province's tourism has met the increasing demand of visitors. Therefore, more and more travellers have visited local destinations, making great contributions to revenues of the accommodation, restaurant and travel sectors.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, the General Statistics Office (GSO) announced at a press conference in Hanoi on June 29.
Prime Minister Pham Minh Chinh on June 8 called for greater efforts to keep the 2024 growth rate at the upper limit of the 6-6.5% target, and inflation at the lower of the 4-4,5% target, given the context that there are more challenges than opportunities.
Though facing numerous difficulties in the January-May period, key economic sectors of the northern province of Ninh Binh have still maintained stable growth. In particular, the tourism sector recorded great successes.
Prime Minister Pham Minh Chinh on June 1 demanded efforts be invested in renewing traditional growth drivers and strongly promoting new ones.
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.
Ninh Binh is among a few provinces and centrally run-cities nationwide enjoyed positive industrial production growth in 2023. The outcome was attributed to the industry and trade sector's synchronic measures to remove difficulties for local bussinesses, thereby helping to spur industrial production growth and maintain its growth momentum. This year, the province is striving to reach industrial production growth target of 8.7%.
Vietnam's economy in Q1/2024 shows strong recovery and positive results across various sectors, setting the stage for successful the achievement of the 2024 socio-economic development plan.
Prime Minister Pham Minh Chinh on March 19 chaired a meeting with FDI enterprises and the annual Vietnam Business Forum (VBF) in Hanoi.
Though there were still difficulties in the first months of 2024, positive signs of new orders and consumption have appeared. Local firms in Ninh Binh have strived to overcome difficulties, renew governance methods and improve their products' quality in an attempt to stabilise production and create more job for labourers.
Prime Minister Pham Minh Chinh demanded renewing current growth drivers and optimising new ones while chairing the Government's regular meeting on February 1.
The northern province of Ninh Binh has fully exploited its potential in terms of convenient geological location, natural landscapes and rich history to foster its socio-economic development. The year 2023 wrapped up with proud achievements of the Ninh Binh Party Organisation, administration and people. These achievements will create a momentum for the province to make breakthroughs in 2024, thereby fulfilling the targets set by the 22nd provincial Party Congress for the 2020-2025 tenure.
The Asian Development Bank (ADB) has forecast Vietnam's Gross Domestic Product (GDP) at 6% for 2024, according to the Asian Development Outlook (ADO) released on December 13.
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.
Ninh Binh province's export turnover saw a year-on-year increase of 21.5% in October, ending negative growth in the two previous quarters.
Close connection, smooth coordination and comprehensive cooperation among ministries, sectors, localities, travel associations, and businesses are crucial to boost fast and sustainable tourism growth, stated Prime Minister Pham Minh Chinh while chairing a conference in Hanoi on November 15 on promoting tourism development.
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%.
Đến với Triển lãm Sản phẩm, Dịch vụ Tăng trưởng xanh diễn ra từ ngày 13-17/9 tại phố đi bộ Nguyễn Huệ (Quận 1, TP.HCM), khách tham quan không chỉ được chiêm ngưỡng loạt sản phẩm xe điện thông minh thương hiệu Việt cùng các phụ kiện độc đáo lần đầu ra mắt mà còn có cơ hội nhận gói ưu đãi "khủng" khi đặt mua ô tô điện VinFast.
In order maintain "ASEAN's stature" as "the epicenter of growth", the bloc's self-reliance must be enhanced through promoting economic linkages, expanding internal markets, and easing trade and investment flows.