Friday, January 28, 2022 5:38:55 AM - Markets open
VN-INDEX 1,470.76 -10.82/-0.73%
HNX-INDEX 411.27 -0.55/-0.13%
UPCOM-INDEX 108.73 -0.32/-0.29%
Vietnam strives for GDP growth of 6.5-7 percent annually during 2021-2025
VietNamPlus - 10/4/2021 1:54:36 PM
 (0 ratings. You must sign in to rate.)
The Ministry of Planning and Investment (MPI) is coordinating with relevant ministries, sectors and localities to study and build a programme on economic recovery and development in association with improvement of the economy’s internal capacity and self-reliance by 2023, with a goal to achieve an annual average GDP growth rate of 6.5-7 percent during 2021-2025.
According to the orientation of the Party and National Assembly by 2025, Vietnam will become a developing country which will have a modernity-oriented industry, surpass the lower-middle-income level, and achieve an annual average GDP growth rate of about 6.5-7 percent.
To that end, the MPI said that the programme needs to come up with specific solutions associated with accompanying resources, and in accordance with the capacity of the economy, and the state budget balance.
The Government should have health-related solutions to proactively adapt safely, flexibly to and effectively control the COVID-19 pandemic, and issue policies that can help reduce production costs, facilitate product sale and distribution, an develop logistics.
According to Minister of Planning and Investment Nguyen Chi Dung, the implementation of the programme should be long enough to be able to build and carry out measures to create a strong and solid foundation for the recovery of businesses and the economy.
In the immediate future, Dung suggested the Government step by step promote sustainable economic growth on the basis of overcoming the pandemic; improve the capacity of the health system and identify it as an urgent solution from the beginning of 2022 to create a foundation for sustainable economic recovery and development; maintaining macroeconomic stability; curb inflation; continue to implement reasonable expansionary fiscal and monetary policies; and ensure national financial safety.
Ministries, sectors and localities need to perfect institutions, administrative reforms and business conditions to remove difficulties and obstacles in production and business, and at the same time improve the efficiency of the government apparatus at all levels, restore and develop the tourism industry, stimulate domestic consumption, and enhance trade promotion, he stated.
The minister also proposed the Government support the recovery of businesses in a number of priority industries by providing credit and financial support through interest rates, tax and fee exemptionư and reductionư; developing sustainable supply chains, especially in manufacturing and agriculture; and supporting digital transformation./.
Read original article here
Newer News
26/01 Vietnam-US trade hits record high in 2021
23/01 Vietnam-US trade hits record high in 2021
20/01 Wood, furniture exports to US expected to hit 10 billion USD
18/01 More capital flows come to economic, industrial parks in 2021
14/01 EU remains highly potential importer of Vietnamese rice
14/01 VN's GDP to bounce back in 2022 at 5.5%: WB
14/01 Rubber exports recover strong growth in 2021
13/01 Southern key economic region receives large inflow of foreign investment in 2021
13/01 Vietnam’s economic growth forecast to rebound strongly in 2022
11/01 Petrol prices rise for first time this year
Older News
01/10 Vietnam still sees optimistic economic outlook in 2022: scholar
30/09 Public investment pushes real estate market
29/09 WB: Vietnam’s economy could converge toward pre-pandemic rate from 2022 onward
29/09 Vietnam’s GDP up 1.42 percent in nine months
29/09 Vietnam’s CPI up 1.82 percent in January-September
28/09 PM asks for efforts to complete 95 percent of public investment disbursement plan in 2021
28/09 Foreign investors keep trust in Vietnam’s recovery
28/09 Experts: real estate, consumption finance, construction bright spots in investment
27/09 Registered foreign investment up, disbursement down in Jan-Sep
27/09 Foreign investors keep trust in Vietnam’s recovery
Newsletter Signup
Top Stories
Vietnamese banks expect to sell more shares to foreign investors in 2022
Vietnam-EU trade increases 14.8 percent in 2021
Authorities inject trillions of VNĐ to support economy
Domestic investors help to create records in securities market
Indices retreat, money flows in speculative stocks
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,470.76 -10.82/-0.73%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.