Professors from Harvard University have lauded Vietnam for its success in developing its economy over the past decades.

The edc.ca newswire of Export Development Canada (EDC) recently published an article of Vietnam, describing it as a new Asian hub boasting rapid macro-economic growth with plenty of opportunities.

Vietnam must pay more attention to R&D (research and development) capability to sustain economic growth, experts say.

Prime Minister Pham Minh Chinh on April 3 demanded ministries, sectors, and localities resolutely not surrender to difficulties but keep persistence in the set targets.

The Ministry of Planning and Investment has unveiled two new scenarios for the Vietnamese economy this year thanks to positive signs recorded in the first quarter.

Vietnam needs major reform in three pillars – finance, institution and talent -- to quickly build R&D capability and to become a prosperous country.

Economists believe that the most difficult period of Vietnam’s economy is over and now is the time to grasp opportunities to make a breakthrough.

The World Bank, in its East Asia and Pacific Economic Update released on April 1, 2024, forecast that the Vietnamese economy would grow by 5.5% this year, making it among top growth leaders in the world.

Vietnamese Prime Minister Pham Minh Chinh stressed that Vietnam considers green growth, together with digital transformation, the two core factors of growth, and will not accept the ‘growing first, tidying up later’ model.

A new scheme to support enterprises amid ongoing difficulties has been tabled, amid the government finding ways to reach desired economic growth.

Standard Chartered Bank forecasts Vietnam’s GDP growth in the first quarter of the year to moderate to a still-strong 6.1% year-on-year from 6.7% in the fourth quarter of last year, according to its recent global research report.

The changes in management thinking, from pre-checking to post-checking, more decentralization, and heightening of businesses’ responsibilities are management methods that help ease the burden on society and businesses.

Vietnam is now in the golden population period, but experts have warned about a workforce with ‘bad skills, bad jobs and bad pay’.

Vietnamese National Assembly Chair Vuong Dinh Hue on March 20 received a delegation of the US-ASEAN Business Council (USABC). This was the third working session between Hue and the USABC since the beginning of the 15th National Assembly.

The owner of a garment company in Hanoi told VietNamNet that he has experienced sleepless nights recently because of the lack of orders and revenue decreases.

To overcome challenges, it is necessary to take unprecedented action to create other development structures. This is an opportunity for both local governments and businesses.

In Vietnam’s official documents, there are publications about the GDP Nominal, but no publication about the GDP PPP (purchasing power parity).

Vietnam's GDP in the first quarter of 2024 will grow by around 5.5% as predicted, according to experts and thinktanks.

While economic freedom is declining around the world, Vietnam is bucking the general trend, with lot of work to do to join the ranks of economically free countries, said Rainer Zitelmann in his recent article published by Washington Examiner.

The economy of Viet Nam is going though a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, noted Asia- wide consulting network Asian Insiders in a recent article.