Gdp

According to the Ministry of Natural Resources and Environment, it is high time to focus on researching and implementing advanced technologies in designing and constructing new buildings, with a high priority on proper monitoring systems to timely deliver warnings to the community about upcoming disasters. … [Read more...] about Natural disasters cause 1.5 percent of GDP loss for Vietnam each year

Hanoi (VNA) - Natural disasters could shave 1.5 percent off annual GDP or even more if no appropriate measures are taken in response to climate change, according to the Ministry of Natural Resources and Environment. The average temperature in Vietnam is predicted to increase 2-3 degrees Celsius by 2100, while sea levels will rise from 78-100 cm. Such a rise would submerge over 10 percent of the Red River Delta and Quang Ninh province in the north, 2.5 percent of central coastal localities, and over 20 percent of HCM City. It would directly affect 9 percent of the population in the Red River Delta and Quang Ninh, nearly 9 percent in central coastal localities, and about 7 percent in HCM City. Of particular note, some 35 percent of the population in the Mekong Delta would be affected and 40.5 percent of its rice output lost. The agricultural sector, the natural ecosystem, the poor, the elderly, women, and ethnic minority groups are all vulnerable. The ministry emphasised the need … [Read more...] about Disasters may cost Vietnam 1.5 pct of GDP annually

With more than 1.8 million tons of waste released to the ocean annually, Vietnam ranks the fourth among the highest in the world for ocean plastic waste pollution.  Air pollution causes 5.18 percent of GDP loss for Vietnam every year, meanwhile 3.5 percent of GDP loss is due to water source pollution.  According to experts, the transition from the traditional economy model to the circular economy is expected to be an appropriate and vital solution for rapid and sustainable development in the current context. … [Read more...] about Vietnam loses over 8.5 percent of GDP due to air, water source pollution

Hanoi (VNA) – Vietnam is projected to be one of the economies posting big gains in the world’s per-capita income rankings during the quarter-century through 2025, according to data analysed by Bloomberg. … [Read more...] about Vietnam among Asia-Pacific economies with fastest per-capita GDP rise: Bloomberg

Showing caution, NA deputy Duong Van Thong representing the northern province of Yen Bai noted that a year ago the NA originally set a target of 6.8 per cent in economic growth for 2020, before the coronavirus pandemic occurred. More than five months ago, the government set two scenarios for economic growth this year, with the lowest expected rate of 3.6 per cent and the highest at 5.2 per cent. … [Read more...] about Flexibility neccessary to meet GDP targets