WB reports Vietnam’s G.D.P. growth by 5.5 percent

The World Bank estimates Vietnam’s gross domestic product to increase to 5.5 percent in 2014 and 5.6 percent in 2015, according to the World Bank’s East Asia and Pacific Economic Update released on April 7.

Inflation will reach 7 percent. Economic growth is expected to remain below its potential level (or maximum sustainable) due to macroeconomic policies involving monetary policies and reorganization of state-owned enterprises.

The country will make critical progress after restructuring the economy, according to the World Bank. Equalization and withdrawal of state capital from enterprises will be much more attractive to investors.

Vietnam’s telecommunications equipment export accounts for 6 percent of the East Asia market.

The country’s bank sector should be clear of bad debt with these policies, according to the World Bank.

By Bao Minh - Translated by Uyen Phuong

Other news

Most view

Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.