Economic growth,vietnam economy
Processing fresh lychee for export

Under Directive 31/CT-TTg, the PM asked ministries, ministry-level agencies, Government-run agencies, economic groups, and centrally-run cities and provinces to design their own plans on the foundation of the implementation of socio-economic plans in 2020 as well as forecast on domestic, regional and global situation in the next period.

Targets in the plans must be aligned to the socio-economic development strategy for the 2021-2030 period as well as the five-year plan for 2021-2025.

The directive also outlines some targets besides the 7-percent growth of the national economy in 2021, including an increase of about 9-11 percent in budget revenue from domestic production and business activities compared to the estimated collection in 2020. The targeted increases for each locality will depend on its specific conditions, characteristics and development speed.

 

Meanwhile, revenues from import-export activities in 2021 are projected to rise about 4-6 percent over the results in 2020.

The directive also clarifies major orientations and tasks for next year, including continuing to complete the socialist-oriented market economy institutions, promoting fast and sustainable growth, speeding up economic restructuring, broadening import- export markets, and enhancing the quality and efficiency of human resources./. VNA

Vietnam to pilot night-time economic activities in 10 major cities

Vietnam to pilot night-time economic activities in 10 major cities

The Government has approved a project on night-time economy development in Vietnam which will allow major cities and tourist attractions to pilot night-time services until 6 a.m.  

Vietnam to post world’s fifth-highest economic growth: WB

Vietnam to post world’s fifth-highest economic growth: WB

Vietnam is projected to be the fifth highest-growing economy in the world this year and the country has a unique opportunity to increase its footprint in the global economy in both trade and investment,