Business News

Adjustment of land use targets did not take away land or other resources of localities, but only created conditions for further development, said deputy Prime Minister Trần Hồng Hà. The Deputy Prime Minister yesterday chaired a meeting on plans to adjust land use targets as per Prime Minister’s Decision 326/QĐ-TTg, dated March 9, 2022.

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.

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.

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.

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.

The State Bank of Vietnam (SBV), the country’s central bank, has made one-off credit growth quota allocations for commercial banks right at the start of 2024, instead of using the recurring allocation system as seen in previous years.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

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.