Minister: two growth scenarios amid coronavirus outbreak
Minister and Chairman of the Government Office Mai Tien Dung mentioned two growth scenarios for the country amid the coronavirus outbreak, during a press conference in Hanoi on February 5 following the government’s monthly meeting.
Minister and Chairman of the Government Office Mai Tien Dung speaks at the press conference (Source: VNA)
Hanoi (VNA) – Minister and Chairman of the Government Office Mai Tien Dung mentioned two growth scenarios for the countryamid the coronavirus outbreak, during a press conference in Hanoi on February 5following the government’s monthly meeting.
Dung said the economic growth will hit 6.27 percent thisyear if the outbreak is contained in the first quarter, and 6.09 percent if itis under control in the second quarter, much lower than 6.8 percent assigned bythe National Assembly.
Deputy Minister of Planning and Investment Nguyen The Phuongurged ministries, agencies and localities to step up the disbursement of publicinvestment to propel growth.
According to Minister Dung, the Finance Ministry was askedto work with other ministries to submit a document on tax exemption for theproduction of medical masks to the government for approval.
As the securities market dropped strongly amid the epidemic,Deputy Finance Minister Vu Thi Mai said the ministry will shape the marketunder a plan on the restructuring of securities and insurance markets till 2020with orientations to 2025, and continue enhancing inspection to foster publictrust in the market.
Deputy Minister of Agriculture and Rural Development PhungDuc Tien pledged to focus on farm produce processing and boost trade withEurope, Japan, the Republic of Korea and South America.
Deputy Minister of Industry and Trade Do Thang Hai said thePM on February 5 issued a directive on the resumption of cross-border exportsand imports.
He highlighted the need to restructure the agriculturalproduction and enhance linkage with domestic supermarkets so as to easereliance on Chinese market./.
Drastic actions must be taken to fight the acute respiratory disease caused by the 2019 novel coronavirus (nCoV), but they must not affect the country’s socio-economic development, Prime Minister Nguyen Xuan Phuc said on February 5.
Vietnam has planned drastic measures to support exports following the suspension of cross-border trade with China due to the novel coronavirus, known as 2019-nCoV.
Prime Minister Nguyen Xuan Phuc asked departments and agencies to immediately take measures to mitigate economic impact from the novel coronavirus outbreak, during the government’s monthly meeting in Hanoi on February 5.
Up to 66 trucks carrying goods exported to China underwent customs clearance at Huu Nghi International Border Gate in the northern border province of Lang Son on February 5, after a suspension due to coronavirus outbreak.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Minister and Chairman of the Government Office Mai Tien Dung speaks at the press conference (Source: VNA) 
