For Việt Nam to achieve its development goals – becoming a modern industrialised nation with high income by 2045 – substantial policy reforms are necessary to accelerate private sector growth.
According to the proposed amendments to the Law on Enterprises, employees who are scientists will be permitted to establish and oversee businesses dealing with researched scientific products.
Taking into consideration all the factors, the 8 per cent GDP growth target is undoubtedly ambitious and will be challenging to achieve. As a highly open economy, Việt Nam is particularly vulnerable to global economic fluctuations and risks.
The Credit rooms solution sets a maximum credit growth limit for the banking industry every year and, based on the overall credit growth of the entire economy and the financial health of commercial banks, allocated credit growth quotas to each.
As discussions unfold on the numerous challenges brought forth by the storm, it is imperative that we adopt a mindset of determination and reform to prevent the recurrence of such disasters in the future.
E-commerce, a vital component of the digital economy, bridges the gap between the virtual and the real. While we often perceive the digital world as separate from our physical reality, the true power of the digital economy lies in its...
Việt Nam''s strong economic performance in the first half of 2024 has led the government to raise its GDP growth target to 6.5-7 per cent, yet domestic businesses remain cautious, due to ongoing challenges not fully captured by broader economic...
The amendments and supplements to the 2024 Law on Land, the 2023 Law on Housing, and the 2023 Law on Real Estate Business will come into effect on August 1 as proposed by the Government, five months earlier than planned. It...
Việt Nam''s revised Social Insurance Law seeks to strike a delicate balance between immediate financial needs and long-term security, reflecting the nation''s pursuit of future prosperity.
As Việt Nam navigates the global economic headwinds, the complex challenge that the SBV is grappling with is maintaining the relative stability of exchange rate while upporting the economic growth – a priority in Việt Nam''s economic policy.
Analyst’s Pick: In a common sense, a trade surplus means a favourable trade balance, which contributes to economic growth. This is particularly true in emerging or developing markets, and in countries whose economic growth is highly driven by exports. Việt...
Việt Nam''s adoption of the global minimum tax is vital for upholding taxing rights, fostering trust, promoting investment and showcasing transparency.
