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Summary

20 OP EDS

5K + Vaccines & Tech Applications key to economic growth

Vneconomy spoke with Ms. Nguyen Thi Huong,
Director of the General Statistics Office.
Khau trang
(facemasks)
Vietnam’s GDP growth of 5.64 per cent in the first half of this year was quite
encouraging in the context of the Covid-19 pandemic. Entering the third
quarter of the year, however, the economy will be facing new difficulties, Khai bao y te (disinfecting)
Khu khuan
(health
5K
such as differences between vaccination rates in other countries in the re- declarations). in Vietnamese
gion and the world leading to an uneven global recovery lacking in security, means
causing breakdowns in supply chains and leaving a negative impact on
trade, tourism, transport, and employment. Thus, in achieving the dual tar- (no gatherings) (social distancing)
Khong tu tap
Khoang cach
gets set for Vietnam’s economy in the second half of the year, new challenges
will be unavoidable and tackling them will require coordinated efforts from
the government, businesses, and individuals.
30 PROPERTY 14 COVER STORIES
Land a heated First-half GDP

issue in real estate growth at 5.64%

Though issues surrounding land in the real estate sector have Vietnam's GDP rose 5.64 per cent in the first half of this
tended to ease since 2013, land-related petitions and com- year - a handy increase compared to the 1.82 per cent
plaints still account for a large proportion of the overall total, recorded in the same period of 2020 but down against
at more than 60 percent. Land-related administrative cases the 7.05 per cent and 6.77 per cent posted in the same
have also been rising and accounted for over 80 per cent of the period of 2018 and 2019 and under the Ministry of
total in 2020 compared to 64.2 per cent in 2015. The compe- Planning and Investment's target of 5.8 per cent.
tence and quality of State land managers remain modest and
need to improve. More information centers and databases on GDP growth
land should also be built. The Land Law, meanwhile, should 6 months over the same period last year, %
create a legal framework for tacking violations, especially cor- 7.05 6.77
ruption in the bidding process, to guarantee the benefits of the 6.32 5.56 5.83 5.64
people under market rules.

1.82
34 INVESTMENT – INFRASTRUCTURE 2015 2016 2017 2018 2019 2020 2021
Seaports: a positive in Vietnam’s

transport network 28 SECURITIES
Stock market up a healthy

According to figures released in June by the Vietnam Mar- 27.6%
itime Administration, the volume of commodities passing
through the country’s seaports in the first four months this
year totaled 362.9 million tons, an increase of 7 per cent over
the same period last year. The volume of goods exported or in first half
imported by container transport and passing through sea- Vietnam’s stock market ended the first half of 2021 very
ports was estimated at 12.4 million TEUs, up 22 per cent much in the black. The benchmark VN-Index rose 27.6 per
against the same period last year. This is regarded as quite cent to 1,408.55 points, putting Vietnam’s stock market in
high and encouraging given the fact that Vietnam has been second spot among the world’s best performers during
fighting the Covid-19 pandemic. the period, just behind Abu Dhabi. Financial, tech, bank-
ing, household appliances, and real estate rose the most,
ranging from 26 to 56 per cent.

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