The National Assembly approving the Master Plan on socio-economic development in ethnic minority and mountainous areas in 2021-2030 was approved in November.
At the first-ever Vietnam Investment Forum in 1991, with the presence of late Party General Secretary Nguyen Van Linh, the Vietnamese Party and state sent a substantial message to the overseas investor community that the country is renovating, opening the doors, and pushing up foreign investment attraction to motivate economic development.
The consumer price index (CPI) saw a year-on-year increase of 4.19% in the first six months of 2020, reaching the peak in the 2016-2020 period, the General Statistics Office (GSO) reported.
With its success in fighting COVID-19, Vietnam has continued to be the best performer in Southeast Asia, laying a firm foundation for the country to attract more investment and spur on production.
The complicated COVID-19 outbreak has negatively impacted the domestic market. The entire political system, the Government, and the PM gave a top priority to disease prevention and control; stood ready to compromise economic benefits to ensure lives and health for people.
The Asian Development Bank (ADB) forecast that Vietnam’s economic growth will be 4.1% in 2020, 0.7 percentage points lower than its estimate in April, but still the highest expected in Southeast Asia.