Digital transformation strategy

Hanoi (VNA) - Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, according to the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences (VASS). The real growth rate will depend on the world economic situation and the capacity to absorb FDI, the “Vietnam Economic Overview 2020: Promoting innovation-based economic growth” conference held by the institute on January 19 heard. VASS President Bui Nhat Quang said the COVID-19 pandemic strongly affected economic growth around the world in 2020, with most major economies posting contractions. Vietnam, however, achieved the twin targets of disease prevention and socio-economic recovery and development. It posted economic growth of 2.91 percent, the lowest since 1986, when its “renewal” process began, but higher than the figure posted in many other countries in the … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

The Vietnamese government has implemented a variety of measures to overcome difficulties for trade and production activities, contributing to economic growth and ensuring social security. The country’s GDP grew 1.81 percent in the first half of the year compared to a year ago, a relatively encouraging result given the global impact of the Covid-19 pandemic. The positive GDP result reflects determination to fight the disease and prioritization of people’s health and lives, even at the expense of economic benefits. … [Read more...] about Additional stimulus packages may be needed to support the economy

Here in Vietnam, we are also planning to invest in various smart initiatives, partnering with other Swedish companies as well as our mobile operator customers. Our ambition is further sharpened by the expectation that over two-thirds of global manufacturers will relocate to Asia-Pacific by 2025, with Vietnam clearly attracting a high number of these manufacturing opportunities. At Ericsson, we will support Vietnam in becoming a regional and global smart manufacturing hub. … [Read more...] about Smart manufacturing for accelerated digitalisation

"We have basically prepared an important foundation for 2021 and the next five years in terms of production capacity and macro-economic system," he said, noting that given the complicated developments in the region and the world, Vietnam should accept changes in the new condition, including changes in habits and even legal institutions related to economic development. … [Read more...] about PM asks experts to study new driving force for development

The Central Economic Committee, when reviewing economic development in the last five years, said the economy continued growing rapidly, 6 percent per annum. The economy has a scale of $340 billion, which has increased by 1.4 times, ranking fourth in ASEAN.  … [Read more...] about Researchers warn of risks for Vietnam in 2021