vietnamnet 2/11/2020    21:01 GMT+7

The government is taking a cautious view in setting its development goals for 2021, which is understandable due to lingering risks from the Covid-19 pandemic.

The Vietnamese National Assembly (NA)’s year-end meeting, scheduled to last for more than three weeks from October 20 to November 17, will focus on reviewing socio-economic development in 2020 and decide important matters related to socio-economic issues and the state budget for the next year. 

2020 economic review: Stays resilient despite Covid-19

Due to the Covid-19 pandemic, Vietnam’s GDP is estimated to grow at 2.0-3.0% in 2020 versus a target of 6.8% for the year.

This would result in the GDP growth rate averaging 5.9% over the 2016-2020 period, which falls short of the 5-year period target of 6.5-7.0%. Per capita GDP is estimated at US$2,750 in 2020, which also misses the target of US$3,200-3,500 by 2020.

vietnamnet 20/10/2020    10:31 GMT+7

Vietnam is making all-out efforts to boost the disbursement of public investment as it seeks to post GDP growth of 3 percent this year amid the global economic downturn triggered by the COVID-19 pandemic.

Construction of expanded Cao Bo Bridge in the northern province of Ninh Binh, a key section of the North-South Expressway. (Photo: VNA)

The Government views public investment as an engine for growth that can offset the impact of the pandemic.

13/10/2020    19:02 GMT+7 vietnamnet

Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.

Viettel Group has invested in providing telecommunications services in a number of countries. Viet Nam is developing a decree to better manage overseas investments. — Photo baodauthau.vn

Enterprises founded under the provisions of the Law on Enterprise would be exempt from the ruling.

16/09/2020    10:00 GMT+7 vietnamnet

The Prime Minister has assigned the Ministry of Natural Resources and Environment and Hanoi authorities to check reports in local newspapers about 300 pending or abandoned real estate projects in the city.

The Hanoi Planning and Investment Department has released a decision to stop a housing project in Me Tri ward of Nam Tu Liem district. The investment certificate was given in June 2008 to Vietnam Trade Union Tourism Co Ltd.

The company has to give back the land plot allocated to it before implementing the project, because the investor did not start the project within 12 months as stipulated in the 2014 Investment Law.

16/09/2020    09:10 GMT+7 vietnamnet

Hotels for sale is reaching a record number in a decade in Vietnam.

The number of hotels for sale is reaching a record high in a decade in Vietnam as the Covid-19 pandemic has thrown the local tourism industry in abyss, according to real estate brokers. 

Every day, dozens of hotels in Ho Chi Minh City, Hanoi, and coastal cities are for sale, but the number of properties hitting the market far outstrips that of buyers.

A hotel in Hai Ba Trung district, Hanoi. Photo: Saigondautu

In Hanoi, the Old Quarter is home to many hotels for sale due to the impacts of the second wave of Covid-19 infections. Located on Hue Street, a 200m2 hotel is offered at VND300 million (US$12,930) per m2. Also, a 5-story hotel on Hang Be street with 16 rooms and 5.5m main side is asking for VND69 billion (US$3 million).

Minister of Planning and Investment Nguyen Chi Dung

15/09/2020    10:00 GMT+7 vietnamnet

Vietnam has never had the strength and position as good as it has now to rise up. We need to have a mindset of going ahead. Only when we carry that mindset will we be able to seize the opportunity. 

VietNamNet introduces the last part of the presentation by Minister of Planning and Investment Nguyen Chi Dung.

Focus on transport infrastructure, energy

Three North – South expressway projects will start this September.

In terms of investment, Vietnam needs to focus on major transport infrastructure and energy projects to improve the competitiveness of the economy, and build the North-South expressway soon. No country can develop without expressways. Tiếp tục đọc “Vietnam must ‘go ahead, not follow’” →

Update: August, 22/2020 – 07:33| vietnamnewsThe second branch of a double tunnel at the An Sương intersection in Ho Chi Minh City’s District 12 was opened to the public in July after being suspended for a period of time due to land clearance issues. VNA/VNS Photo

 HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Friday presided over an online meeting with the participation of leaders of central ministries, agencies and localities to discuss ways to boost disbursement of public investment.