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Update news GDP
VietNamNet Bridge - Billions of dollars have been poured into the stock market within a short time, returning the market to its peak of 10 years ago.
VietNamNet Bridge - To obtain a 6.7 percent GDP growth rate in 2017, Vietnam needs to change its economic structure, experts say.
VietNamNet Bridge - The expansion of the ‘clearing pavement campaign’ in Hanoi and HCMC means fewer vending stalls in the cities.
VietNamNet Bridge - GDP is usually considered an important factor that shows the health of the economy in Vietnam.
VietNamNet Bridge - Exploiting one more million tons of oil for sale to obtain higher GDP shows that the national economy still cannot gain substantial reform.
VietNamNet Bridge - Many Vietnamese businesses prefer to stay ‘invisible’ and ‘tiny’ to avoid the watchful eyes of state management agencies, inspectors and taxation bodies.
The World Bank has estimated that by 2030, nearly one-fifth of Vietnamese will enter old age and around 40 percent of the population aged 70-74 will still have to work, mostly in the unofficial labor market.
VietNamNet Bridge - Statistics show that Vietnam is among Asia’s biggest spenders on infrastructure.
VietNamNet Bridge - So many industries are listed as ‘leading-edge industries’ that it is unclear which of these should be accorded top priority for development.
Economic growth based on natural resource exploitation and a cheap labor force has reached the critical point. Economists say Vietnam has no choice but to follow a sustainable development strategy.
VietNamNet Bridge - Vietnam has been seeing slight GDP growth in recent years. The growth rate was 6.2 percent in 2016 and is forecast to be 6.3 percent this year.
Many Vietnamese have expressed doubts about the prediction that Vietnam is expected to become the 20th largest economy in the world by 2050, exceeding Thailand, Canada and Italy.
VietNamNet Bridge - Ten years ago, Vietnam began calling upon farmers to restructure agricultural production, but no considerable changes have occurred.
VietNamNet Bridge - The government successfully reined in the inflation rate at below 5 percent in 2016 as planned. However, curbing inflation will be a difficult task for 2017.
VietNamNet Bridge - The cooking oil market with annual revenue of VND30 trillion, a high growth rate and low average consumption per capita has become an attractive market.
Vietnam’s cheap labor force will no longer be an advantage in attracting investment as the cost for applying advanced technologies is getting lower. Thus, a large number of Vietnamese workers will be thrown off production lines.
Some scholars, who believe the celebration of both solar and lunar new years is unnecessary as it causes a waste of resources, have suggested merging the two celebrations.
VietNamNet Bridge - Vietnam economy will encounter more difficulties in 2017 than in 2016 amid global geopolitical changes and financial uncertainties, experts say.
VietNamNet Bridge - Analysts were cautious about the trade surplus of VND2.7 billion in 2016, saying that the figure did not show the entire picture of the national economy.
After Doan Nguyen Duc, owner of a powerful real estate group, and Tran Dinh Long, owner of a steel corporation, decided to pour money into agriculture projects, a number of other billionaires did the same.