GDP

5.8% GDP growth rate set for 2014

The National Assembly on November 11 approved a resolution on key development targets for 2014, setting GDP growth at 5.8% and inflation at 7%. Among other targets, the export value is projected to grow by 10% or 4.4% lower than 2013.Total social development investment capital to GDP is estimated to …

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Government sets ambitious GDP goal

It will be very difficult for Vietnam to achieve a per capita GDP of 2,300 USD by 2015 as targeted, said veteran economist Le Dang Doanh. In his report delivered early this week at the ongoing National Assembly meeting, Prime Minister Nguyen Tan Dung said Vietnam would aim for GDP of 2,300 …

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Vietnam’s GDP growth estimated at 4.9% in first half

Vietnam is estimated to post a GDP growth of 4.9% in the first half of this year compared to the rate of 4.93% during the same period of last year, said an official from the Ministry of Planning and Investment. Bui Ha, Head of the National Economy Department, said during …

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2011’s public debt accounts for 54.9 percent of GDP

The Finance Ministry has announced Vietnam’s public debt hit VND1,392 trillion by the end of 2011, equivalent to 54.9 percent the GDP for that year. It said Government debt hit VND1,096 trillion, or 43.2 percent of GDP. Of the total, about VND429 trillion was borrowed from domestic capital sources, while …

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HCM City aims for 10 percent GDP growth

Ho Chi Minh City is set to achieve a GDP growth rate of 9.5-10 percent in 2013 while stabilizing macroeconomy, controlling inflation, boosting production and generating more jobs. The target was announced by the municipal People’s Committee at a meeting on January 2 to review socio-economic development and budget spending …

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HCM City sets 9.5 pct GDP growth for 2013

The Ho Chi Minh City People’s Council approved a resolution on socio-economic development for 2013, aiming to record a GDP growth rate over 9.5 percent. Under the resolution, the city will strive to raise its GDP per capita to US$4,000, mobilise social investment totalling more than VND248,500 billion (or36 percent …

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CPI inches up during August

The Consumer Price Index (CPI) in August increased by 0.63 per cent over last month, the General Statistics Office (GSO) announced yesterday. On aggregate, the CPI was up 5.04 per cent over the same period last year and 10.41 per cent up on the first eight months of last year. …

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Nation struggles to achieve GDP growth target

Nation struggles to achieve GDP growth target

Vietnam may struggle to realise its economic growth target of 6.5% this year as the national economy expanded by only 4% in the first quarter and is predicted to only grow by 4.5% in the second quarter of the year. The figures were announced in a supplementary report on the …

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Government urged to step up efforts to help Vietnamese business

Government urged to step up efforts to help Vietnamese business

The Vietnam Chamber of Commerce Industry (VCCI) said that the Government should introduce strong measures to lower business expenses in light of falling demand. The report, recently submitted to the Government by VCCI at meeting for April, pointed out a number of pitfalls in the economy, but also suggested some …

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