Vietnam expects GDP growth rate at 7.1-7.3 percent in Q4
Vietnam’s economy will continue the recovery trend with a GDP growth rate forecast at 7.1-7.3 percent in the fourth quarter of 2016, according to the General Statistics Office (GSO).
Hanoi (VNA) – Vietnam’s economywill continue the recovery trend with a GDP growth rate forecast at 7.1-7.3percent in the fourth quarter of 2016, according to the General StatisticsOffice (GSO).
Accordingly, the economy is set to remainattractive to FDI and enjoy an increase in exports. A big portion of overseasremittances will be poured into economic activities while there will be a surgein the number of new businesses and their charter capital.
Those growth momentums will have positiveimpacts on the labour market, the GSO and the Ministry of Labour, Invalids andSocial Affairs said in their latest report on the labour market announced onDecember 2.
The report expects the workforce in Q4 toexpand slightly, 0.2 percent, from a year earlier, while the number of labourerswith at least three-month training will rise by 4-5 percent. The unemploymentrate among the working-age population is predicted at about 2.2 percent.
Looking back to Q3, the agencies noted improvementsin the labour market such as an increase in the rate of trained labourers, adecline in the proportion of workers in the agro-forestry-fishery sector in thetotal workforce, and salary earners’ higher income.
However, economic growth did not generatemany jobs and the unemployment rate still rose in the last three quarters, theyadded.
In Q3, 68.09 percent of the workforceworked in rural areas, dropping slightly from Q2 and a year earlier. The figurefor the industry-construction sector climbed 0.4 percent and for the servicessector, 0.1 percent, compared to the three-month period through June.
More than 1.1 million people of working agewere idle in Q3, up 29,000 from the previous quarter but down 11,000 from thesame period of 2015, data show.-VNA
A labour force survey will be conducted in 2017 to provide statistics for relevant agencies to assess, predict and plan the development of human resources.
The National Assembly (NA) on November 7 adopted a resolution on the socio-economic development plan for 2017, which aims at a gross domestic product (GDP) growth rate of about 6.7 percent.
Minister of Education and Training Phung Xuan Nha clarified various issues of voters’ concern, including measures to enhance education and training quality at the November 16 NA hearing.
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.
Students at a vocational school (Photo: VNA) 
