GDP growth in 2019 is expected to hit 7.05 percent, topping the 6.6-6.8 percent target set by the National Assembly, analysts say.
Prime Minister Nguyen Xuan Phuc praised the important role of the Vietnamese business community in national development at a ceremony in Ha Noi on Sunday to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
Databases and policies that have failed to keep pace with the market’s development have hindered the development of the sharing economic model.
The HCMC Customs Department is expected to pass its tax revenue target by some VND10 trillion (US$430 million) for this year, thanks to favorable import and export conditions.
Young entrepreneurs need to understand the core value of their product instead of focusing too much on technology as their competitive advantage, according to the Business Start-up Support Centre (BSSC).
The government is proactively addressing economic risks and uncertainties through a structural reform plan aimed at improving competitiveness and diversification, International Monetary Fund (IMF) senior economist Jarkko Turunen said on Friday.
The overseas Vietnamese business community has made significant contributions to the development of HCMC by not only sending home remittances but also providing information and technology to local firms.
Vietnamese investors are increasing their investments in projects abroad, especially in developed countries, such as Australia and the United States.
Viet Nam has set a target of having more than 1,000 products recognised as national brands between 2020 and 2030, marking an increase of 20 per cent.
Growth in developing East Asian and Pacific economies is expected to slow from 6.3 per cent in 2018 to 5.9 per cent in 2019, and to 5.7 per cent and 5.6 per cent in 2020 and 2021, reflecting a broad-based decline in export growth and manufacturing activity, said the World Bank (WB) in a newly released edition of its East Asia and Pacific Economic Update on Thursday.