Achieve on target

By 2025, Hanoi envisions becoming a highly competitive city in the region by restructuring the growth model based on technological advancement and innovation. Despite the severe Covid-19 situation, Hanoi continues to set a high gross regional domestic product (GRDP) growth of up to 7.5% during the 2021-2025 period. Hanoi from above. Photo: Pham Hung Given the city’s estimated GRDP growth at around 3.97-4.54% in 2021, this would require Hanoi to achieve an average growth rate of 8.25-8.4% for the 2022-2025 period. This was among two growth scenarios in Hanoi’s socio-economic development plan for the 2021-2025 period, which have been signed off by Secretary of the Hanoi's Party Committee Dinh Tien Dung. In a less optimistic scenario, the city is expected to average economic growth of 6.5-7% during the period. This case is based on the fact that Vietnam could only contain the pandemic in the fourth quarter of 2021 and achieve herd immunity by the second half … [Read more...] about Hanoi targets 7-7.5% GRDP growth in 2021-25 period

HCM City to implement third relief package worth 7.3 trillion VND Ho Chi Minh City will carry out the third relief package worth 7.3 trillion VND (around 320.7 million USD) sourced from the local budget to help more households and informal workers affected by the COVID-19 pandemic, said Vo Van Hoan, Vice Chairman of the municipal People’s Committee. Speaking at a press conference held by the city’s Steering Committee for COVID-19 Prevention and Control on September 20, Hoan said given complicated developments of the COVID-19 pandemic in the city and prolonged social distancing, people face more difficulties due to job loss and having no income. Therefore, in addition to the social security relief packages of the city's Vietnam Fatherland Front Committee and other organisations and individuals, the municipal People's Committee continues to implement the third relief package to help ease difficulties for local residents. According to reports from the People's Committees of … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 21

Most of the spending will be used for vaccine purchases. Vietnam might need an amount of VND40 trillion (US$1.74 billion) for the fight against Covid-19 in the time to come. AstraZeneca, the first vaccine approved in Vietnam. Photo: UNICEF The money would be used to buy the vaccine and medical equipment, the news was released today [Sept 22] by Minister of Finance Ho Duc Phoc who also said that the government spent VND18.35 trillion ($797 million) on the Covid-19 fight in the first eight months this year. Today, the National Assembly (NA), the highest legislative body, agreed to transfer VND14.6 trillion ($635 million) from the 2021 savings for the anti-pandemic missions this year. Earlier, the Ministry of Health estimated that Vietnam needs VND28.5 trillion ($1.23 billion) to purchase 170 million doses of vaccines. To date, the country still needs VND16 trillion ($695 million). In another move, the government today approved to import of an 20 million … [Read more...] about Today’s Covid News: Vietnam likely to spend US$1.7 billion on pandemic fight

Speaking at the event, Hue said after eight days of sitting, the committee completed the agenda, including adjusting and adding several important and urgent contents to submit to the legislature’s second session scheduled to begin on October 20. This was also the committee’s longest session this year, he said. Full-time lawmakers gave opinions on six draft laws, five of them will be fine-tuned and submitted to the NA’s second session for consideration. They also discussed the enforcement of the Constitution, laws, resolutions of the NA, the task performance of the Supreme People’s Court, the Supreme People’s Procuracy and the State Audit Office of Vietnam this year, as well as the implementation of the national target program on socio-economic development in ethnic minority-inhabited and mountainous regions for the 2021-2030 period in line with Resolution 88 adopted by the 14th legislature. Hue said sectors and agencies must perform major tasks this year, including pooling … [Read more...] about N.A. Standing Committee wraps up third session

Vietnamese President Nguyễn Xuân Phúc addresses the Global COVID-19 Summit hosted by US President Joe Biden in New York on September 22 (local time). — VNA/VNS Photo Thống Nhất NEW YORK — Vietnamese President Nguyễn Xuân Phúc hailed the decision to establish a global health security financial intermediary fund initially worth US$10 billion this year to ensure resources for the fight against the COVID-19 pandemic while addressing the Global COVID-19 Summit hosted by US President Joe Biden in New York on September 22 (local time). The "Global COVID-19 Summit: Ending the Pandemic and Building Back Better" was held on the side-lines of the 76th session of the United Nations General Assembly. In his speech, President Phúc said in response to the pandemic, protecting people’s lives and health is the top priority so it is essential to take drastic actions to early detect and quickly trace infection cases; promptly quarantine and provide effective treatment; improve testing capacity; … [Read more...] about White House COVID-19 Summit: President Phúc applauds establishment of global health security fund