Month: April 2020

Vietnam eyes GDP growth of 7 percent in next five years

Prime Minister Nguyen Xuan Phuc has issued Directive No. 118/CT-TTg on building a socio-economic development plan for the 2021-25 period. Ministries, sectors and localities nationwide have been asked to determine core issues for the next five years, especially the target to obtain GDP growth of about 7 percent in the period. The PM noted that […]

Connectivity is Key to Vietnam’s Deeper Integration

HANOI, January 15, 2020—Developing quality connective infrastructure and logistics is crucial to lower trade costs and boost Vietnam’s further integration in both global and domestic markets. This will require a new approach to planning and additional investments in strategic connective assets, a new World Bank report concludes. The latest Vietnam Development Report, Connecting Vietnam for […]

Vietnam overview: The fastest growing economy

Vietnam’s development over the past 30 years has been remarkable. Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world’s poorest nations into a lower middle-income country. Between 2002 and 2018, GDP per capita increased by 2.7 times, reaching over US$2,700 in […]