Economic growth by country

Fourthly, although the views among EP parliamentarians are different, the support for the EU's first high-quality FTA with a developing country shows the EU's determination to continue promoting trade liberalisation, trading and investment based on laws. The EP's decision will create more confidence and strengthen the trend of international economic integration and free and open trade. This is important in the context of increasing protectionism that threatens the growth of the world economy, many regions and countries. … [Read more...] about EVFTA and EVIPA hold strategic and economic significance to Việt Nam-EU relation

The average capital of each cooperative increased from over VND1.4 trillion ($60.35 million) in 2004 to VND3.4 trillion ($146.5 million) last year, and the average annual revenue also went up from nearly VND300 million ($12,922) to over VND5.8 billion ($249,830), and average profit increased from VND66.4 to VND542 million, it said. … [Read more...] about HCM City to expand collective economic model

For example, there has been no large investment project in the power sector in the last few years. In infrastructure, Vietnam does not have large road projects. ODA has been disbursed at the slowest pace in the last 20 years. All of this will create problems in the future. … [Read more...] about The sun still shines in Vietnam: World Bank

Hanoi (VNS/VNA) - An equity crowdfunding platform is being established to boost the development of start-up firms. Prime Minister Nguyen Xuan Phuc has asked the Ministry of Finance to develop a plan before 2021. The request was highlighted in the Prime Minister’s Directive No 09/CT-TTg issued recently about creating favourable conditions for start-up firms. The directive said there were many limitations and difficulties in the start-up ecosystem, which made Vietnam less competitive than other countries in the region. The problems lie in business prerequisites which did not match Industry 4.0, lack of investment in research and development, limited financial support from the Government and the shortage of a legal framework for the operation of new services. The Prime Minister asked the Ministry of Planning and Investment to review the Law on Investment to create favourable conditions for foreign investors to found, contribute capital and buy … [Read more...] about Equity crowdfunding platform to boost start-up development

Vientiane (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh on February 20 suggested that the Mekong-Lancang cooperation (MLC) should contribute to consolidating coordination between countries in handling regional challenges and bringing about long-term benefits for people. The mechanism should aim for strengthening the economy’s resilience in the face of uncertainties, Minh said at the fifth MLC Foreign Ministers’ Meeting in Vientiane, Laos. He emphasised the need to focus resources on vulnerable sectors and those that serve as economic engines of member countries. He elaborated that in agricultural cooperation, it is necessary to focus on raising technology capacity for businesses, and improving market stability and confidence for farm produce. Minh also pointed to the severe drought in the Mekong River Basin that requires relevant countries to take drastic actions to ensure the river’s sustainable development. He proposed intensifying … [Read more...] about Mekong-Lancang cooperation contributes to addressing regional challenges