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The Asian Development Bank (ADB) has revised up Vietnam’s gross domestic product (GDP) growth forecast in 2020 to 2.3% from the previous estimate of 1.8% in September, attributing the upgrade to the strength of accelerated public investment, revived domestic consumption, trade expansion and rapid recovery in China.

Delta Offshore Energy, Bechtel Corporation, General Electric and McDermott signed a Master Teaming Agreement this morning at the opening ceremony of the Indo Pacific BizForum in Hanoi to bring in U.S. equipment and services worth more than US$3 billion for the development of the Bac Lieu LNG-to-power project in Bac Lieu province to help address the growing clean, reliable and competitive energy needs of Vietnam.

The International Monetary Fund (IMF) has forecast that Vietnam’s gross domestic product (GDP) in 2020 would surpass that of Singapore to emerge as the fourth biggest economy in Southeast Asia.

Hanoi is seeking investment for 11 agricultural projects between now and 2025, according to the municipal Department of Agriculture and Rural Development.

Ninh Binh province, which is hosting the 2020 National Tourism Year, strives to welcome about 7.8 million tourists in the year, including approximately one million foreigners.

The first quarter saw a 54.5 percent year-on-year surge in the number of HCMC enterprises completing dissolution procedures.

In his direction of socioeconomic development during the 2021-2025 period, Vietnamese Prime Minister has planned to target annual gross domestic product growth of 7 percent.

Vietnam is expected to enjoy 2.7% GDP growth in 2020, a much lower rate than the 6.8% target placed earlier since the country implemented necessary social distancing practices to contain coronavirus pandemic.

Fitch Ratings Inc. has revised down Vietnam’s economic growth outlook for this year by 0.5 percentage point to 2.8 percent, below the Bloomberg consensus of 6.1%.

Chairman of Quang Nam People's Committee Le Tri Thanh requested the completion of the planning and expediting investment mobilisation and development of Chu Lai International Airport in the central region.