Từ khóa: #GDP

Budget spending in 2022 accounts for 3.6 percent of GDP

Budget spending in 2022 accounts for 3.6 percent of GDP

The Finance Ministry reported to the National Assembly that the state budget expense in 2022 was VND342.6 trillion, making up 3.6 percent of the national GDP. This is a drop of VND61.7 trillion compared to estimation of 4.3 percent of GDP.
GDP grows only 3.32 percent in Q1

GDP grows only 3.32 percent in Q1

Ms. Nguyen Thi Huong, General Director of the General Statistics Office (GSO), stated that Vietnam's GDP in the first quarter grew by only 3.32 percent, the second-lowest growth rate in the 2011-2023 period.
A view of part of HCMC (Photo: VNA)

Politburo issues resolution on development of HCMC

Party General Secretary Nguyen Phu Trong on January 2 signed off the Politburo’s Resolution No 31-NQ/TW on orientations and tasks for the development of HCMC by 2030, with a vision to 2045.
Party General Secretary Nguyen Phu Trong (center), President Nguyen Xuan Phuc (third from left), Prime Minister Pham Minh Chinh (third from right), NA Chairman Vuong Dinh Hue (second from left), and Deputy PMs at the conference on January 3 (Photo: VNA)

Conference opens to review 2022 performance, launch 2023 tasks

A teleconference between the Government and the 63 provinces and centrally-run cities opened on January 3 to review the 2022 performance and carry out the Party Central Committee’s conclusions and the NA’s resolution for 2023.
Illustrative photo

Bank stocks hit by corporate bonds maturity

Bank stocks are sold out strongly, despite good business results, due to pressure of corporate bonds nearing maturity. Many stocks even fell to the lowest range in last two years as investors feared cash flow risks.
Market capitalization on HoSE loses VND1.01 quadrillion in first seven months

Market capitalization on HoSE loses VND1.01 quadrillion in first seven months

Although the market capitalization on the Ho Chi Minh Stock Exchange (HoSE) in July 2022 has increased by VND40 trillion (US$1.72 billion) compared to the previous month due to the recovery of the stock market, the market capitalization of the HoSE in the first seven months of 2022 has evaporated VND1.01 quadrillion ($43.43 billion) compared to the end of 2021.
Vietnam’s GDP expands 7.72 percent in second quarter of 2022

Vietnam’s GDP expands 7.72 percent in second quarter of 2022

Vietnam’s Gross Domestic Product (GDP) in the second quarter of this year was estimated to increase 7.72 percent year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office (GSO) reported at a press conference on June 29.
Ring road projects in Hanoi, HCMC need specific mechanisms

Ring road projects in Hanoi, HCMC need specific mechanisms

The National Assembly's Economic Committee held its sixth plenary session to examine the Government's report on investment policy for the Ring Road No.4 project in the Hanoi Capital Region and Ring Road No.3 project in Ho Chi Minh City on the afternoon of April 28, at the National Assembly House.
Vietnam’s GDP up 5.03 percent in first quarter

Vietnam’s GDP up 5.03 percent in first quarter

Vietnam’s Gross Domestic Product (GDP) in the first quarter of this year was estimated to increase 5.03 percent year-on-year, higher than the 4.72 percent growth rate in the same period last year, according to the General Statistics Office (GSO).
Gov’t to loosen monetary, fiscal policies in 2022

Gov’t to loosen monetary, fiscal policies in 2022

Vietnamese gov’t plans to keep 2022’s monetary and fiscal policies as lax as as part of the Socio-Economic Development Strategy for the 2021-2030 period in 2022, with a GDP growth target of 6-6.5 percent and inflation control below 4 percent.
Vietnam Stock Exchange to operate soon

Vietnam Stock Exchange to operate soon

The Prime Minister has currently decided to prepare for the model of the Vietnam Stock Exchange to come into operation as soon as possible.
Ilustrative photo

Gas price hike not affecting GDP

 The sharp increase in gas prices recently will surely affect the speed of economic recovery and increase prices of goods. However, this is not the time to intervene and regulate the domestic petroleum market through tax exemption or reduction. 
Director of HIDS suggests spending up to VND40 trillion to support businesses

Director of HIDS suggests spending up to VND40 trillion to support businesses

Vietnam has suffered huge economic losses in the past two years. In 2020, economic growth was expected to be 6.8 percent, but it was only 2.9 percent for the whole year. In 2021, the economic growth target is 6 percent, but the actual achievement will possibly be not higher than 3 percent. It means that within two years, the country has lost about 7 percent of its GDP (GDP is currently about US$343 billion), equivalent to a loss of nearly $24 billion. Mr. Tran Hoang Ngan, Director of the HCMC Institute for Development Studies (HIDS) stated.
Illustrative photo. (Source: SGGP)

Worrisome issues camouflaged by optimism

Statements in a recently published socio-economic report for the first six months of 2021 pointed to many optimistic macro-economic indexes. The GDP was said to recover positively, import and exports showed growth, the budget revenue exceeded estimates, Foreign Direct Investment (FDI) began pouring in again, and the number of new businesses saw a positive increase.