25 C
Ho Chi Minh City
Monday, September 15, 2025

spot_img

TAG

investment capital

Orientations for the private sector

Often likened to the locomotive that determines the economy’s speed and direction, Vietnam’s private sector, after many years of relatively solid growth, is now showing signs of losing steam. Identifying and addressing the bottlenecks has become an important task as Vietnam sets ambitious targets for the next 20 years. A picture of contrast In developed countries, the driving force behind construction, innovation, and sustainable economic maturity lies in the private sector. As Vietnam pursues its goals of becoming an upper-middle-income country by 2030 and a high-income country by 2045, it will be no exception. According to an Australian Government study (2014), the private sector creates 90% of jobs, finances more than 60% of investment in developing countries, and contributes over 80% to the state budget. Another study by the European Commission (2017) found that the private sector’s contribution to GDP and employment in developing countries was 84% and 90%, respectively. Vietnam’s private sector plays a much more modest role. According to the National Statistics Office, by 2024, the private sector accounted for 53.4% of total realized investment in society, contributed 43% of GDP, and employed 82.07% of the workforce. On the positive side, this shows that Vietnam’s private sector still […]
To read more, please click here.

Vietnam attracts US$2.36 billion in new foreign investments in January

Foreign investors pledged more than US$2.36 billion in their projects in Vietnam in the first month of 2024, a 40.2% increase compared to the...

Vietnam attracts US$2.36 billion in new foreign investments in January

HCMC - Foreign investors pledged more than US$2.36 billion in their projects in Vietnam in the first month of 2024, a 40.2% increase compared...

New investment capital in HCMC’s industrial parks rises by 21% in Q1

Fresh investment capital in HCMC’s export processing zones and industrial parks reached US$90.14 million in the first quarter of the year, growing over 21%...

New investment capital in HCMC’s industrial parks rises by 21% in Q1

HCMC - Fresh investment capital in HCMC's export processing zones and industrial parks reached US$90.14 million in the first quarter of the year, growing...

Danang sees high investment in Jan-Sept

DANANG - The first nine months of 2022 saw the total investment capital of new projects in Danang reaching over VND28,600 billion, up 24.72%...

Latest news

spot_img