Today: 26/02/2021 11:03:26 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Vietnam – one of fastest growing economies: WB

Vietnam's growth accelerated to 4.5% in the last quarter of 2020, resulting in an annual growth rate of 2.9% - making it one of the fastest growing economies in the world, according to the World Bank (WB).

In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels.

December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1%) and exports (17.8%), while FDI inflows slowed.

Vietnam, fastest growing economies, WB,  an annual growth rate

Vietnam's growth accelerated to 4.5% in the last quarter of 2020, resulting in an annual growth rate of 2.9%, according to the WB. 

Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis.

Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1%.

Auctions and granting of land use and rental improved revenue collection in the last quarter of 2020, while ample liquidity continued to lower the Government’s borrowing cost in the domestic market.

The approval and rollout of several Covid-19 vaccines at the end of 2020 raised the outlook of domestic and global economies in 2021, particularly for tourism and airlines.

The government will need to assess carefully when to unwind macroeconomic policies launched in response to the crisis to minimise negative impact on the economy, the bank suggested.

Bac Giang supports linkages between production and consumption of farm produce
(BGO)- Chairman of the provincial People’s Committee of Bac Giang province has sent an official correspondence to request the departments of Agriculture and Rural Development, Finance, Planning and Investment and people’s committee of the districts and city to concentrate on implementation of the Resolution of the provincial People’s Council on supporting linkages between production and consumption of farm produce in the province.
 
Bac Giang grants licences to four FDI projects
BGO - On January 18, the Bac Giang provincial People's Committee held a ceremony to grant investment registration certificates to four FDI projects. Attending the event was Chairman of the provincial People's Committee Le Anh Duong.
 

Source: Nhan Dan Online

Vietnam, fastest growing economies, WB, an annual growth rate
 
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