Over the years, tourism has become Hanoi’s spearhead economic sector, with revenue growing by an average of 12.1%. Last year, the city welcomed over 7 million foreign tourists and was included among the top 10 destinations for travelers around the world. … [Read more...] about Hanoi’s economic growth set to reach 3.94% this year
Multi trillion dollar economy
Phuc said at a meeting Friday that major projects that need faster disbursement include the North-South Expressway, Long Thanh International Airport in the southern province of Dong Nai and the My Thuan – Can Tho Expressway in the Mekong Delta region. … [Read more...] about Government agencies, localities to return $271 mln in unused funds
Demand stimulus in the current state of the Vietnamese economy in the short term should come with a pro-consumption policy - PHOTO: THANH HOA Private sector consumption is a major growth driver of the Vietnamese economy. It is all the more important as the Covid-19 pandemic has sent global demand plummeting and countries worldwide imposing travel restrictions. In an economy with a large population, low income, and a high rate of savings like Vietnam, which policy shall be adopted to stimulate demand in a sensible way? … [Read more...] about Demand stimulus: where to begin?
The money will be used for key infrastructure, energy and digital economy projects. They include completion of the eastern section of the North-South Expressway, a number of coastal roads and others connecting airports and seaports. … [Read more...] about Government to make hike in public spending
Electricity of Vietnam (EVN), in a report to the Ministry of Industry and Trade (MOIT) in late August, showed that the total approved capacity of renewable energy sources to be put into operation by early 2025 is 23,000 MW, or 20 percent of the total capacity of all electricity sources by that time (approximately 107,000 MW). … [Read more...] about Solar, wind power projects to exceed transmission capacity