Hanoi (VNA)🅺 – The Ministry of Planning and Investment (MoPI)has devised two growth scenarios for the second half of 2021, saidDeputy Minister Tran Quoc Phuong.
At a press conference following the Government’s regular meeting inHanoi on July 1, Phuong said under the first scenario with a growth target of6 percent for the whole year, growth in the third and fourth quarters should reach 6.2percent and 6.5 percent, respectively, provided that the COVID-19 pandemic isbasically curbed in July and there are no pandemic clusters in industrial parks and no social distancing inmajor cities and provinces. To achieve a 6.5 percent growth rate this year under the second scenario, thecountry must reach growth of 7 percent in the third quarter and 7.5 percentand above in the fourth quarter providing that the pandemic is controlled in June and there are no pandemic clusters in industrial parks and no social distancing in major cities and provinces. The MoPI reported that the economy encountered challenges in thefirst half of this year, mostly from COVID-19 outbreaks with new variants, risingprices in real estate, materials, transportation and international trade risks. In the first half of this year, the country's gross domestic product (GDP)expanded by 5.64 percent, higher than 1.82 percent recorded in the same periodlast year but lower than 7.05 percent and 6.77 percent in the same periods in2018 and 2019. The consumer price index went up 1.47 percent in the first halfof this year, the lowest since 2016. As of June 23, credit grew by 5.08 percent from late2020 and 15.41 percent year-on-year. State budget collections hit 57.7 percent of the estimate, up15.3 percent annually. Total budget expenditure was down 4.9 percentyear-on-year, or 41.2 percent of the yearly estimate. Food security was stillensured./.
Permanent Cabinet members on December 18 looked at the Government’s draft Resolution No.1, which sets leadership and management orientations for the whole year of 2021.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Amid the complex developments of the COVID-19 pandemic in Vietnam, ministries and localities are urgently implementing action programmes to sustain economic growth while keeping the disease at bay.
Vietnam’s GDP growth in the first quarter of 2021 is forecast to come in at 4.46 percent; 0.66 percentage points below the target set in the Government’s Resolution No 01 in a scenario where the COVID-19 pandemic is controlled during the quarter.
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.
Illustrative image (Photo: VNA) 
