Distinguish between economic growth and economic development

Paris (VNA) – Prof. Nguyen Duc Khuong, Deputy Director of Research at IPAG Business School and President of the Association of Vietnamese Scientists and Experts in France (AVSE Global) has highlighted national unity as the root factor for national development. In an interview granted to a Vietnam News Agency reporter on the eve of the 13th National Congress of the Communist Party of Vietnam, Khuong, who is also a member of the Prime Minister’s economic consulting group, pointed to Vietnam’s impressive achievements in the past five years, including a steady economic growth of over 6.5 percent during tenure of the 12th National Party Congress and political stability. The economy is re-directing towards sustainability with use of more technological and innovative advances. In particular, Vietnam also succeeded in maintaining economic activities despite the adverse impacts of the global medical crisis caused by COVID-19 pandemic last year, he said. According to him, … [Read more...] about Vietnamese scholar in France highlights national unity as strength for development

The Lao diplomat also spoke highly of Việt Nam’s meticulous preparations for the upcoming 13th National Party Congress, with a bundle of draft documents compiled based on opinion collection from researchers, officials, Party members and people from all walks of life. … [Read more...] about Lao ambassador hails leadership role of Communist Party of Việt Nam

Hanoi (VNA) – Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, Executive Managing Director of the Korea International Trade Association. Priorities of the Council this year will focus on boosting post-pandemic recovery in tandem with comprehensive commerce development, promoting the Regional Comprehensive Economic Partnership (RCEP) agreement as a tool for economic recovery, and ensuring supply chains and facilitating cross-border business connectivity amid COVID-19. The EABC Council will convene three meetings and those of working groups to prepare for dialogues between EABC and the ASEAN Senior Economic Official Meeting Plus Three (SEOM+3), and the ASEAN Plus Three Economic Ministers' (AEM+3). Notably, the Council is to compile a report on recommendations of business communities in the region and submit to ASEAN 3 leaders at the EABC-ASEAN+3 … [Read more...] about Vietnam hands over EABC Chairmanship to RoK

Authorities in the Mekong Delta province have suggested that the investment needed to expand the 47-kilometer National Highway 61C be sourced from a fund dedicated to developing the Mekong Delta region adapt to climate change. … [Read more...] about Mekong Delta province seeks $195 mln road expansion

Earlier this year, PENM III Germany GmbH & Co. KG also registered to sell more than 66.5 million shares of Hoa Phat Group JSC (HPG) shares which accounts for 2.01 per cent of the company's charter capital. The deal will be held from January 7 to February 2. … [Read more...] about Vietnamese companies thrive despite divestment of foreign shareholders