The Government's regular meeting in October, 2020. (Photo: SGGP)

PM orders to accelerate economic recovery, striving for growth of 2.5-3 percent

The Prime Minister said that the Ministry of Industry and Trade and provinces must stimulate consumer demand more strongly. The State Bank of Vietnam must continue to promote credit growth, at the same time, curb bad debts. The goal is to keep achieving the dual goal more successfully, accelerating the process of economic recovery, and striving to achieve a growth rate of 2.5-3 percent.
HCMC miraculously posts positive growth in first six months

HCMC miraculously posts positive growth in first six months

Amid several difficulties due to the Covid-19 pandemic and decreasing oil price that have caused many countries to fall into a crisis, the fact that Ho Chi Minh City still managed to post positive economic growth in the first six months of this year is a miracle, said Mr. Huynh Van Hung, Director of the Department of Statistics of HCMC, at a press conference to announce the city’s socio-economic data in the first six months of this year.