Việt Nam Government sets its sight maximum GDP growth of 5.2 per cent in best case scenarios this year, as the coronavirus pandemic continues to ravage the world’s economy.
Prime Minister Nguyễn Xuân Phúc asked for prompt actions right now for an economic revival while Việt Nam is making great efforts in fighting COVID-19.
Prime Minister Nguyễn Xuân Phúc on Friday asked the Finance Ministry (MoF) to work closely with the Ministry of Planning and Investment to step up public investment disbursement.
Expansion of private sector investment should go hand in hand with public investment spending to sustain high economic growth in the next decade.
The UK is the second biggest European investor in Việt Nam, after the Netherlands, with 267 foreign direct investment projects worth $3.75 billion.
Việt Nam’s long-term issuer default rating (IDR) has been upgraded to positive from stable, thanks to its improving track record of economic management, evidenced by high growth with stable inflation.