VIETNAMESE COMPANIES THRIVE DESPITE DIVESTMENT OF FOREIGN SHAREHOLDERS
The increase in Viet Nam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.
VN FORECAST TO GROW 6.8% ANNUALLY IN 2021-2025
Viet Nam’s economic growth is projected to expand 6.8% per year in the medium term 2021 – 2025, according to the latest forecast jointly conducted by the National Center for Socio-Economic Information and Forecasting (NCIF) and the United Nations Development Program (UNDP).
RESHUFFLE UNDERWAY TO FURTHER STIMULATE REVIVAL OF ECONOMY
The 13th National Party Congress is expected to set the country’s average annual growth rate of 6.5-7 per cent from now until 2025, when Vietnam may become a higher middle-income nation. To this end, restructuring public investment and state-owned enterprises will be more critical in order to create a level playing field in the economy.
VN EYES STRONG RECOVERY FROM PANDEMIC THIS YEAR
Việt Nam's economy is likely to experience a strong bounce back in 2021 with GDP growing at 6.9 per cent in the best-case scenario in which the country able to secure significant FDI investment boosts coupled with a strong recovery of the global economy, according to a forecast by the Vietnam Institute of Economics (VIE).
HO CHI MINH CITY SEEKS INVESTMENT FOR SEVEN MAJOR PROJECTS
The projects include the second phase of the Metro Line No. 2, which connects Ben Thanh market with Thu Duc district’s Thu Thiem ward and Tham Luong to Tay Ninh bus station in Cu Chi district.
LONG-TERM DEVELOPMENT COMMITMENTS REALISED THROUGH STRATEGIC M&A MOVES
A potential rise in mergers and acquisitions is sparking concerns that local firms will lose competitiveness by selling themselves to foreign investors. However, experts believe that local businesses have more to gain than to lose by striking deals.
CIEM ISSUES TWO SCENARIOS FOR ECONOMIC GROWTH FOR 2021
The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth 2021 during a seminar held in Hanoi on January 15.
ISSUED CIRCULARS DECLINE SHARPLY
According to the legal database on the government's website, in 2020, central authorities issued 546 legal documents, including 17 laws passed by the National Assembly, 158 decrees promulgated by the Government, 39 resolutions issued by the Prime Minister, 310 circulars adopted by ministers and other legal documents. The number of laws, decrees and the Prime Minister’s resolutions did not change a lot from previous years but the number of circulars dropped sharply (compared to 467 circulars in 2019).
