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Vietnam NA set GDP growth target of 6-6.5% for 2022

The target shows the Government’s high determination and also remains in harmonization with other targets defined for 2022. The National Assembly (NA) on November 12 adopted a resolution on socio-economic development for 2022 with an endorsement rate of 94.59%. Referring to concerns that such targets could be difficult to realize, Vu Hong Thanh, chairman of […]

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Vietnam: Gasoline prices to be adjusted every 10 days in response to global fluctuations

The Ministry of Industry and Trade and Ministry of Finance will adjust gasoline prices every ten days, to help keep domestic gasoline prices in line with global fluctuations, according to industry insiders. This change is outlined in Decree No.95/2021/NĐ-CP dated November 1, 2021. This amends Decree No. 83/2014/NĐ-CP regarding oil and petroleum business. Under the new rules, gasoline prices will […]

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Without raising public debt, Vietnam would miss opportunities for growth: Investment Minister

A large-scale economic recovery plan may be put into motion right in early 2022 upon receiving approval from the National Assembly. Without raising the threshold of fiscal deficit and public debt, Vietnam could miss the opportunity for growth. “A lack of economic growth  jeopardizes Vietnam’s possibility of achieving  the five-year or 10-year development goals, which […]

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