Business News

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.

Malaysian property company United Overseas Australia (UOA) in December was one of the latest major names to announce a joint venture agreement with CapitaLand Vietnam Holdings to develop a $247 million property project in Vietnam.

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.