Hanoi (VNA) - Vietnam’s economic growth is projected at 6.17 percent in 2021 in a base-line scenario and may even reach 6.72 percent in the best-case scenario, heard a conference held in Hanoi on January 20.UN Development Programme and the Ministry of Planning and Investment’s National Centre for Socio-economic Information and Forecasting (NCIF), the “Vietnam’s Economy in the Medium Term 2021 - 2025: Recovery and Growth Accelerates” conference brought together a large number of economists, business leaders, and representatives of international organisations and business associations to discuss the outlook for Vietnam’s economy over the next five years and the actions needed to turn the expected rebound from COVID-19 into a sustainable economic recovery.COVID-19 rebound into a bold recovery in 2021 and beyond. Equally, it will determine the ability of the country to accelerate policies to achieve the medium-term aspirations of realizing the … [Read more...] about 2021 GDP growth may reach 6.72 percent in best-case scenario: Conference
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A separate law needed for industrial zone and economic zone development
Experts and investors have assessed the shortcomings and limitations on the development of IZs and EZs in recent years and the basic causes, including issues related to the state management of IZs and EZs (policy making, construction planning, and legal framework for the development of IZs and Ezs, the coordination between ministries, branches and localities and the competitiveness in attracting investment of IZs, EZs of Vietnam compared to other countries). … [Read more...] about A separate law needed for industrial zone and economic zone development
Indonesian researcher hails Vietnam’s economic development
Vietnam’s socialist-oriented market economy is one of the fastest growing economies in the world, said Anjaiah, who is also a senior journalist at the Jakarta Post, adding that last year, it grew 2.91 percent, one of the highest in the world, despite the COVID-19 pandemic. … [Read more...] about Indonesian researcher hails Vietnam’s economic development
Tourism on track in the world’s largest cave: AFP
Hanoi (VNA) – France's news agency AFP on January 20 published an article on how tourism has been developed in and benefited local community around Vietnam’s Son Doong, which has been dubbed the world’s largest cave. According to the article, located in the central province of Quang Binh’s Phong Nha-Ke Bang National Park – the World Heritage site, Son Doong was first discovered by local forager Ho Khanh in 1991, when he stumbled upon an opening in a limestone cliff and heard the sounds of a river deep inside. But after returning home through the thick surrounding jungle, Khanh forgot where the hidden entrance lay, and it stayed lost for another two decades. When he eventually led a team of British experts back there in 2009, the team found it had the largest cross-section of any cave anywhere on the planet. It is large enough to house the 40-floor skyscrapers of an entire New York City block, according to adventure tour company Oxalis, which guides … [Read more...] about Tourism on track in the world’s largest cave: AFP
Malaysia files WTO lawsuit against EU on palm-biofuel curbs
Kuala Lumpur (VNA) – Malaysia has recently filed a complaint with the World Trade Organisation (WTO) over the European Union (EU)’s rules affecting the consumption of palm oil-based biofuels. In the complaint, dated January 15, Malaysia charges that the EU, particularly its member states such as France and Lithuania, had imposed restrictive measures on the use of palm oil that violate international trade agreements. Malaysia holds that the bloc and its members confer unfair benefits to EU domestic producers of certain biofuel feedstocks such as rapeseed oil and soy, and the biofuels produced therefrom at the expense of palm oil and oil palm crop-based biofuels from Malaysia. The EU has embarked on a major plan committing its members to build a carbon neutral economy by 2050, including by promoting the use of biofuels. However, it has deemed that palm oil production is not sustainable and palm oil-based biofuels cannot be counted towards EU renewable targets. … [Read more...] about Malaysia files WTO lawsuit against EU on palm-biofuel curbs