According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Quad cities business news
City cải lương theatres returns after COVID-19
Written by Bảo Kiến and directed by Chí Linh, the play is about five “Tiger” generals who defeat invaders and protect their country. The story is told through the love story of general Địch Thanh and Princess Thoại Ba. … [Read more...] about City cải lương theatres returns after COVID-19
Public investment to offer benefits to many local businesses
Minister of Planning and Investment Nguyen Chi Dung at the April Government meeting held on May 5 presented a report on the draft resolution on implementing solutions to ease difficulties for production and business, accelerate disbursement of public investment and ensure social security in the context of Covid-19. … [Read more...] about Public investment to offer benefits to many local businesses
PM proposes HCMC to become modern city in region and world
Despite low economic growth in comparison to the same period last year, the city has contributed 25 percent of the country’s budget collection and disbursed nearly VND4.2 trillion (US$ 183,420,510) on public works, twice higher than the same period last year. Total export turnover was estimated to reach $14.42 billion, a year-on-year increase of 16.7 percent. … [Read more...] about PM proposes HCMC to become modern city in region and world
Budget collection in HCM City drops 16 percent
HCM City (VNA) – Even though the COVID-19 pandemic has been put under control in Vietnam, its negative impacts were still felt in many fields, including budget collection in Ho Chi Minh City. budget collection in the city in the first five months of this year stood at 139.37 trillion VND (5.97 billion USD), equivalent to 34.3 percent of the estimate and down 16 percent from the same period last year. … [Read more...] about Budget collection in HCM City drops 16 percent
