Latest blog articles
Vietnam’s GDP per capita tops $2,200
Vietnam’s per capita GDP reached an estimated VND48.6 million (USD2,215), up USD106 compared with 2015, according to the General Statistics Office (GSO).
Vietnam’s per capita GDP reached an estimated VND48.6 million (US$2,215), up US$106 compared with 2015.
Nguyen Bich Lam, Head of GSO, said that Vietnam’s GDP growth reached 6.21% in 2016, lower than the country’s year target of 6.7%. However, the rate was still considered a success for Vietnam given unfavourable global economic conditions, and natural and environmental disasters.
The main drag on Vietnam's GDP growth was the country’s agricultural sector. The country’s worst drought in three decades has crippled agriculture. As the world’s largest producer of robusta coffee and a major exporter of rice, the impact on agriculture has greatly affected overall GDP.
The central region faced mass fish deaths caused by the Formosa pollution disaster, which caused big losses for local fish farmers. Meanwhile, mining continued its losing stretch due to low global commodity prices.
The agriculture sector saw a growth rate of just 1.36%, the lowest since 2011. In contrast, services posted the highest growth with 8.28%.
As a result, in the country’s economic structure, the agro-forestry-fisheries sector accounted for just 16.32%, followed by industrial and construction with 32.72% and services with 40.92%.
The GSO reported that Vietnam’s GDP per capita in 2016 stood at USD2,215, up USD106 against last year.
Meanwhile, Vietnam’s CPI was estimated at 4.7%, lower than the target of 5% previously set by the National Assembly.
Alaskans vow pushback if Trump targets mountain's new name
ANCHORAGE, Alaska (AP) — Among Donald Trump's many promises on his way to the White House was a tweeted vow to change the new name of North America's tallest mountain back to Mount McKinley.The Obama administration renamed the Alaska peak Denali in a symbolic gesture to Alaska Natives ahead of the president's visit to the state last year.Alaskans long have informally called the mountain Denali — "the great one" in Athabascan. But the federal government recognized the name invoking the 25th… chat_bubble_outline Read More...
Boosting low-income housing
An apartment building for low-income earners in Vinh Phuc Province's Vinh Yen City. The Government is continueing efforts to boost social housing development after the VND30 trillion housing stimulus package. — VNA/VNS Photo Tuan Anh HA NOI (Biz Hub) — The Government is continuing with its efforts to boost the social housing development. While the disbursement of the housing stimulus package worth VND30 trillion (US$1.43 billion) in preferential loans, which was due to be completed by the end… chat_bubble_outline Read More...
Vietnamese workforce optimistic about ASEAN common market, survey shows
As many as 52 percent of the respondents believe they will have more opportunities to work with and learn from foreign experts from other Southeast Asian countries, and 46 percent of them say international work culture will transform Vietnam's work culture for the better. As many as 70 percent of those who are fond of AEC integration think Vietnamese professionals have enough skills to compete with foreign talent, according to the survey on 2,500 professionals from companies of all sizes across… chat_bubble_outline Read More...
Iraq forces in 'second phase' of east Mosul battle: commander
Baghdad (AFP) - Iraqi forces launched the multi-pronged "second phase" of the battle to retake eastern Mosul from jihadists on Thursday, a top commander said.Iraqi forces punched into eastern Mosul after the massive operation to recapture the northern city from the Islamic State group was launched on October 17, but progress slowed to a crawl."The second phase of liberating the left bank in Mosul was launched, and our forces began advancing toward Al-Quds neighbourhood," Staff Lieutenant… chat_bubble_outline Read More...
Thai police find unexploded devices in search for bombers
Police said they know who to blame but have yet to reveal a culprit or suspected motive. Thai police discovered unexploded bombs in three top tourist destinations when searching for clues of blasts that rocked resort and killed 19 people last week. No one has claimed responsibility for the bombing spree, which hit seven southern provinces on Thursday and Friday and left dozens wounded, including European tourists. Police said they know who to blame but have yet to reveal a culprit or… chat_bubble_outline Read More...