Patrick Lenain-Former assistant director Organisation for Economic Co-operation and Development Pressures on global supply chains are also a key headwind in the recovery. Supply chain disruptions are not new: health precautions imposed over the last two years have already caused major bottlenecks. Major shipping hubs such as Los Angeles and Shanghai have operated with reduced capacity, with long waiting times to get shipments processed across the borders. With the pandemic fading away, congestion in international supply chains has eased a bit since December 2021. In the United States, government agencies have worked with shippers, retailers, and port authorities to speed up the movement of goods. For instance, ships waiting to unload containers in US ports have declined by 35 per cent, thanks to 24/7 operations and large recruitment of workers. However, the lack of US truck drivers has emerged as a new problem. Action was taken to hire 30,000 additional truck drivers, … [Read more...] about Will international stress disrupt Vietnam’s economic recovery?
Bitlocker conflicting settings for recovery options
Q3 set to be tough period for inflation
VEPR organises a conference on the Viet Nam Annual Economic Report 2022 in Ha Noi on Friday. — Photo baodautu.vn The third quarter will be the most stressful period for inflation, said Tran Toan Thang, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Viet Nam Annual Economic Report 2022. The conference was organised by the Viet Nam Institute for Economic and Policy Research (VEPR) in Ha Noi on Friday. The report highlighted that the Vietnamese economy is in the process of recovery but will continue to face many difficulties this year. Inflationary pressure and production costs are increasing strongly. In addition, risks from the Russia-Ukraine conflict have a huge indirect impact on the country's economy. The slowdown of the global economy and important partner economies of Viet Nam, especially China, which is continuing its "Zero COVID" policy with strict measures, can stress the Vietnamese economy, disrupting supply chains. … [Read more...] about Q3 set to be tough period for inflation
Vietnamese PM wants major countries to respect ASEAN’s central role, int’l laws: US-ASEAN Summit
US President Joe Biden meets with ASEAN member countries' leaders during the US-ASEAN Special Summit on May 13 (US time) in Washington DC. — VNA/VNS Photo Dương Giang HÀ NỘI — Vietnamese Prime Minister Phạm Minh Chính said he hopes major powers, who are all partners to the Association of Southeast Asian Nations (ASEAN), to work towards stable relations and responsible, healthy competition, for the sake of regional and global peace and security. The Vietnamese Government leader made the statement as he addressed the highly anticipated US-ASEAN Special Summit on Friday (May 13, US time), the first one to have been held in Washington DC during the 45 years of US-ASEAN partnership. The summit includes a meeting between ASEAN leaders and US President Joe Biden, a session between ASEAN leaders and US Vice President Kamala Harris on maritime security and COVID-19, and a session between ASEAN leaders and the US cabinet on climate, clean energy, and infrastructure. US leaders have … [Read more...] about Vietnamese PM wants major countries to respect ASEAN’s central role, int’l laws: US-ASEAN Summit
Vietnam to play more active role at UN: PM
Prime Minister Pham Minh Chinh (left) and UN Deputy Secretary-General Amina J. Mohammed . (Photo: VNA) New York (VNA) – Vietnam will continue bringing into play its role and making more active and constructive contributions to the common work of the United Nations in all the three pillars – security-politics, development and human rights, Prime Minister Pham Minh Chinh has affirmed. At a meeting with UN Deputy Secretary-General Amina J. Mohammed in New York on May 16 (local time), the PM stressed that the year 2022 is of great significance as it marks the 45th anniversary of Vietnam’s UN membership. Appreciating the UN’s valuable contributions and support to Vietnam over the past more than four decades, the PM asked Amina to convey his invitation to Secretary-General Antonio Guterres and other UN leaders to visit Vietnam this year to foster multi-faceted cooperation between the two sides. PM Chinh reiterated Vietnam’s strong commitments to multilateralism and a world … [Read more...] about Vietnam to play more active role at UN: PM
Vietnam to play more active role at U.N.: PM
At a meeting with U.N. Deputy Secretary-General Amina J. Mohammed in New York on May 16 (local time), the PM stressed that the year 2022 is of great significance as it marks the 45th anniversary of Vietnam’s U.N. membership. Appreciating the U.N.’s valuable contributions and support to Vietnam over the past more than four decades, the PM asked Amina to convey his invitation to Secretary-General Antonio Guterres and other U.N. leaders to visit Vietnam this year to foster multi-faceted cooperation between the two sides. Chinh reiterated Vietnam’s strong commitments to multilateralism and a world order based on international law and the U.N. Charter, as well as the country’s support for the U.N.’s central role in the global administration system, saying it needs global, all-people, and comprehensive approaches to tackle common challenges like epidemics and climate change. Vietnam backs enhancing relations between the U.N., parliaments of its member countries and the … [Read more...] about Vietnam to play more active role at U.N.: PM
This year’s economic growth target of 6 percent-6.5 percent huge challenge
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
