High-rises along the Saigon River in Binh Thanh District in HCMC. (Photo: SGGP)

Urbanization spurs socio-economic development

The Central Economic Committee in association with the Ho Chi Minh City Real Estate Association and HCMC Open University held a seminar on developing a transparent and sustainable housing market, promoting the process of urbanization and urban development in Vietnam to 2030, with a vision to 2045, on November 27.
Corporate bonds draw individual investors because of high interest rates

Corporate bonds draw individual investors because of high interest rates

The Ministry of Finance coordinated with the World Bank (WB) and the Vietnam Bond Market Association to hold a seminar to announce the annual report of the Vietnam bond market in 2019 and dialogue on solutions to develop the corporate bond market on November 9 in Ho Chi Minh City.
Production at a company in Ho Chi Minh City. (Photo: SGGP)

Vietnam’s economy – bright spot amid Covid-19 pandemic

Despite the disruption of supply chains, Vietnam's gross domestic product (GDP) still rose by 3.68 percent in the first quarter. In the second quarter, the economy nosedived with the growth rate merely at 0.39 percent. In the third quarter, GDP growth recovered to 2.62 percent, sending the three-quarter growth rate to 2.12 percent.
Food loss, food waste cause 2 percent of GDP in damages

Food loss, food waste cause 2 percent of GDP in damages

Vietnam's post-harvest loss accounts for about 20-25 percent. Total loss is estimated at 8.8 million tons, equivalent to US$3.9 billion, accounting for about 2 percent of gross domestic product (GDP) and about 12 percent of Vietnam's agriculture sector.
GDP expected to increase by 6.5 percent in 2021

GDP expected to increase by 6.5 percent in 2021

The socio-economic report drafted by the Ministry of Planning and Investment (MPI) states that with the annual growth rate estimated at over 2 percent, aiming to reach about 3 percent, Vietnam is the country with the highest positive growth rate among five major economies in Southeast Asia (ASEAN-5). And it is one of the 16 most successful emerging economies in the world. 
VN-Index slashes nearly 23 points

VN-Index slashes nearly 23 points

Vietnam’s stock market dropped steeply on June 29, extending its losing streak to a fifth trading session as selling pressure increased due to information that the gross domestic product in the second quarter of this year merely grew 0.36 percent, the lowest level in the past ten years, affecting investors’ sentiment.
CPI increases 0.66 percent in June

CPI increases 0.66 percent in June

The consumer price index (CPI) in June this year edged up 0.66 percent compared to the previous month, the highest level of June in the period from 2016 to 2020, but still dropped by 0.59 percent compared to that in December last year.
CPI merely rises by 2.79 percent in 2019

CPI merely rises by 2.79 percent in 2019

2019 is the second consecutive year that the economic growth of Vietnam was above 7 percent since 2011. Particularly, the gross domestic product (GDP) of Vietnam grew 7.02 percent while the consumer price index (CPI) merely rose 2.79 percent.