The Hanoitimes – The Transport Ministry would consider the resumption of commercial inbound flights after the Lunar New Year, which falls on February 10-16. Prime Minister Nguyen Xuan Phuc has requested aviation sector to restrict the number of flights that bring stranded Vietnamese home until after the Lunar New Year holiday to prevent new Covid-19 variants […]
Read MoreThe Hanoitimes – Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism. Vietnam will officially run the competitive retail electricity market in 2023 as part of efforts to make the power sector more transparent and effective in comparison with the regional peers. Vietnam Electricity (EVN), the country’s […]
Read MoreThe Hanoitimes – Prime Minister Nguyen Xuan Phuc requested the group to strengthen cooperation with foreign partners, mostly Russians to tap potential for further development and ensure security for contractors as well. Vietnam Oil and Gas Group (Petrovietnam) is calling for investment in exploring and exploiting two newly-found gas fields. The call was made at the […]
Read MoreThe Hanoitimes – Administrative reform and higher quality of legal framework will be key for Vietnam to enhance efficiency in economic development and integration. Vietnam targets to attain an annual GDP growth rate of 7 in the next 10-year period, marking it a high-middle income country with modern industrialization in the world. Director of the Vietnam […]
Read MoreThe Hanoitimes – Fitch Solutions holds a more optimistic view on Vietnam’s economic rebound in 2021, with its real GDP growth forecast at 8.6%, against the government’s 6.5% target. Fitch Solutions, a subsidiary of Fitch Group, forecasts Vietnam’s budget deficit (excluding debt payment) in 2021 at 3.6% of GDP, which is lower than the government’s estimation […]
Read MoreThe Hanoitimes – Local experts list real estate the most important sector in many countries, including Vietnam. Real estate industry accounted for roughly 7.62% of Vietnam’s gross domestic product (GDP) in 2019, information has been released by the Vietnam National Real Estate Association (VNREA). The percentage is likely 13.6% if land is included, VNREA said in […]
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