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VIETNAM ECONOMY INVESTMENT

HCM CITY’S ECONOMY TO REBOUND IN SECOND QUARTER, LIKELY TO ACHIEVE 8% GROWTH: REPORT

HCM City’s economy is expected to rebound in the second quarter and is likely to achieve a growth of 8 per cent in 2024, according to a report. According to the HCM City Macroeconomic Report: 2023 Results and 2024 Forecast report, the city’s economy is forecast to continue to recover in 2024.

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VIETNAM ECONOMY INVESTMENT

FOREIGN-INVESTED ENTERPRISES' EXPORT TURNOVER ACCOUNTS FOR 73 PER CENT

Of the figure, the domestic economic sector grossed $95.55 billion, a decline of 0.3 per cent and accounting for 26.9 per cent of total export turnover, while the foreign-invested sector, including crude oil, raked in $259.95 billion in exports, a drop of 5.8 per cent.

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VIETNAM ECONOMY INVESTMENT

VIETNAM SET TO BE AMONG TOP 25 ECONOMIES BY 2038

Vietnam's GDP is forecast to grow at an average of 6.7 per cent between 2024 and 2028. Over the subsequent nine years, the CEBR forecasts that the Vietnamese economy will expand by 6.4 per cent on average each year. Over the next 15 years, Vietnam is also predicted to move swiftly up the World Economic League Table rankings from its 34th spot last year, to 21st in 2038.

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VIETNAM ECONOMY INVESTMENT

SOCIO-ECONOMIC DEVELOPMENT TARGETS IN 2024

The National Assembly’s resolution on the socio-economic development plan for 2024 sets a target of 6.0-6.5% growth in gross domestic product (GDP) for the year, while per capita income is expected to reach 4,700-4,730 USD.

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VIETNAM ECONOMY INVESTMENT

HOSPITAL REFERRAL DOCUMENTS, MEDICAL CHECK-UP RECORDS TO GO ONLINE

Hospital referral documents and appointment letters for re-examination will be integrated online into the e-identification app VNeID or digital social insurance app VssID, said Trần Thị Trang, head of Health Insurance Department under the Ministry of Health.

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VIETNAM ECONOMY INVESTMENT

HANOI SETS NEW INVESTMENT, TRADE AND TOURISM PROMOTION PLANS FOR 2024

With achievements made in 2023, Hanoi has set its tasks and plans for investment, trade and tourism promotion for 2024 to increase its effectiveness. A meeting was held on December 29 to review the performance of Hanoi’s investment, trade and tourism promotion 2023 and set tasks for 2024.

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VIETNAM ECONOMY INVESTMENT

TRANSPORT SECTOR FACES MIXED OUTLOOK FOR 2024

According to the World Bank, Vietnam's Logistics Performance Index (LPI) ranking decreased by four places to 43rd in 2023. Despite this drop, Vietnam's LPI score increased to 3.3 points from 3.27 points in 2018, indicating gradual improvements, particularly in customs efficiency and infrastructure quality.

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VIETNAM ECONOMY INVESTMENT

VIETNAM'S MANUFACTURING EXPECTED TO GROW IN 2024

The S&P Global Vietnam Manufacturing Purchasing Managers' Inde (PMI) posted 48.9 points in December, remaining below the 50 and signalling a fourth consecutive monthly decline in business conditions in the sector. That said, the index rose from 47.3 points in November to point to a softer rate of deterioration.


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