Vietnam wants its biggest city to achieve 6.7 percent growth in 2020
Prime Minister Nguyen Xuan Phuc tasked Ho Chi Minh City, the country’s growth driver, to achieve 6.7 percent economic growth in 2020 despite severe impacts from coronavirus crisis.
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The State Bank of Vietnam is considering to further cut key interest rate to bolster economic growth, governor Le Minh Hung told an online meeting on Saturday morning.
Ho Chi Minh City recorded 1.03% GDP growth in 1Q this year, higher than primary report of 0.42%, Prime Minister Nguyen Xuan Phuc cited data from General Statistics Office during Friday meeting.
Vietnam recorded a slower pace in credit growth which was at 1.32% as of April 28 from end of 2019, State Bank of Vietnam Governor Le Minh Hung told the government meeting.
Prime Minister Nguyen Xuan Phuc tasked Ho Chi Minh City, the country’s growth driver, to achieve 6.7 percent economic growth in 2020 despite severe impacts from coronavirus crisis.
Vietnam’s agriculture sector earned a trade surplus of $2.8 billion in the first 4 months of 2020, 4.1% lower than the same period last year, Ministry of Agriculture and Rural Development said.
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