The 9th session of the Viet Nam-Republic of Korea (RoK) Joint Committee on co-operation in energy, industry and trade took place in Seoul on Tuesday, aiming to concretise potential between the two countries.
The National Assembly Economic Committee has asked the Government to explain its target of a trade deficit below 3% of export revenue next year given that the country has enjoyed a trade surplus in the past four years.
Tax collections from State-owned, foreign direct investment and local private enterprises have been estimated to fall 5.9%, 4.1% and 1.9% this year, respectively, according to a report by the National Assembly Financial and Budget Committee.
HCMC’s gross domestic product (GDP) grew 7.8% in January-September, while the full-year target was set at 8.3%-8.5%, according to the city government.
Viet Nam is among the top 20 contributors to global economic growth, according to a Bloomberg analysis of International Monetary Fund (IMF) data.
Viet Nam's import-export turnover was on target to hit US$500 billion this year, said director of the General Department of Customs Nguyen Van Can.
South African businesses aim to increase their export of goods to Viet Nam in the near future, speakers said on Monday at a conference in HCM City.
Vietnam is set to borrow VND495 trillion ($21.54 billion) next year to repay existing debts and cover budget deficits, a government report said Monday.
Fitch Solutions has revised up its real GDP growth forecast for Viet Nam to 6.9 per cent in 2019, from 6.5 per cent previously, in light of the strong growth print in the third quarter of 2019.