15 economic facts about millennials

Representatives of the EU Delegation, partners, and the Vietnam Women’s Union visit a handicraft cooperative in Hoang Trung commune of Hoang Hoa district, Thanh Hoa province, on May 17. (Photo: VNA) Thanh Hoa (VNA) – Representatives of the European Union (EU) and partners in Vietnam made a fact-finding tour of central Thanh Hoa province on May 17 to learn more about the work of the Vietnam Women’s Union (VWU) and local women’s needs. They visited two preeminent women-run livelihood models in Hoang Hoa district and an exhibition of 30 outstanding products made by women-owned cooperatives. At a working session with VWU officials later the same day, Bulgarian Ambassador Marinela Petkova highly valued Vietnam’s efforts to to promote gender equality and bring into play women’s strengths, noting that she was much inspired by the visit to Thanh Hoa . She held that the VWU’s enhancement of connectivity with international organisations and partners will help create … [Read more...] about Fact-finding tour aims to boost cooperation among Women’s Union with EU Delegation

National Assembly Chairman Vuong Dinh Hue (L) and his Lao counterpart Saysomphone Phomvihane co-chair the event. (Photo: VNA) Vientiane (VNA) – National Assembly Chairman Vuong Dinh Hue and his Lao counterpart Saysomphone Phomvihane co-chaired a conference to share experience in designing mechanisms and policies supporting post-pandemic socio-economic recovery and development in Vientiane on May 16. The Lao NA leader said that the event is a good chance for both sides to learn from each other to promote post-pandemic socio-economic recovery and development. For his part, NA Chairman Hue underlined that COVID-19 pandemic has posed problems to most countries around the world, including Laos and Vietnam. He highlighted the Vietnamese NA’s close coordination with the Government and relevant agencies to collect ideas from voters, people, experts, scientists and the business community inside and outside the country on measures to respond to the pandemic. He noted … [Read more...] about Vietnamese, Lao NAs share experience in designing post-pandemic socio-economic recovery policies

Vietnam considers IMF a key partner in pursuing the goal of becoming an upper-middle-income country by 2030, and a high-income country by 2045, Prime Minister Pham Minh Chinh has said. Vietnam’s economic prospects in the post-pandemic period are bright, especially with the upcoming recovery program. Prime Minister Pham Minh Chinh in an online meeting with Deputy Managing Director of the International Monetary Fund (IMF) Antoinette Monsio Sayeh. Source: VGP Deputy Managing Director of the International Monetary Fund (IMF) Antoinette Monsio Sayeh shared the view during an online meeting with Prime Minister Pham Minh Chinh on May 16, expressed her delight at the strong progress in the Vietnam-IMF partnership. The IMF’s executive highlighted Vietnam’s efforts in containing the pandemic and considered the effective vaccine campaign a key factor for the country’s speedy economic recovery. Prime Minister Chinh welcomed IMF’s support for Vietnam in accessing … [Read more...] about Vietnam’s economic recovery on right track after pandemic: IMF

Deputy Prime Minister Le Van Thanh speaks at  the third session of the 15th National Assembly On the morning of May 23, at the opening session of the third session of the 15th National Assembly, Deputy Prime Minister Le Van Thanh delivered a report on an additional assessment of the results of the implementation of the socio-economic development plan and the state budget in 2021 and that in the first months of 2022. Regarding additional results in 2021, the Government stated that 5/12 targets failed to meet the set goal. For instance, the gross domestic product growth rate reached 2.58 percent compared to the target of about 6 percent. Plus, GDP per capita reached US$3,680 against the target of $3,700, the contribution of total factor productivity to growth is about 37 percent compared with the target of 45 percent-47 percent, and the percentage of poor households with a multidimensional approach decreased by 0.52 percentage points compared to the target of 1-1.5 percentage … [Read more...] about This year’s economic growth target of 6 percent-6.5 percent huge challenge

Vietnamese Ambassador to Egypt Nguyen Huy Dung says Vietnam and Egypt have numerous opportunities to foster their economic and trade ties as both countries are now moving into the post-pandemic period. Ambassador Nguyen Huy Dung takes part in a live broadcast of Egypt National Radio. Speaking on the Egypt National Radio, Dung noted that Vietnam, after three decades of implementing its Renewal process, is now the 21st largest export economy in the world on its strong commitments to foreign trade opening. Despite the impact of the COVID-19 pandemic, Vietnam recorded a positive economic growth rate of 2.91% in 2020, one of the highest in the world. Vietnam and Egypt have great potential for expanding economic-trade ties, especially in tourism, said the ambassador, pointing to the fact that Egypt is famous for its ancient civilization while Vietnam also boasts an age-old civilization dating back thousands of years, along with many attractive tourist attractions. … [Read more...] about Ample room for Vietnam – Egypt economic cooperation

The Lao N.A. leader said that the event is a good chance for both sides to learn from each other to promote post-pandemic socio-economic recovery and development. For his part, N.A. Chairman Hue underlined that COVID-19 pandemic has posed problems to most countries around the world, including Laos and Vietnam. He highlighted the Vietnamese N.A.’s close coordination with the Government and relevant agencies to collect ideas from voters, people, experts, scientists and the business community inside and outside the country on measures to respond to the pandemic. He noted that the Vietnam Economic Forum held in 2021 connected a large number of experts and scientists who shared practical experience and suggested policies for Vietnam. In January, the N.A. of Vietnam held an extraordinary session to consider a number of important issues regarding socio-economic development, including new, breakthrough policies, as well as the launch of a 347-trillion VND (about 17 billion USD) package … [Read more...] about Vietnamese, Lao N.A.s share experience in designing post-pandemic socio-economic recovery policies