Economic community development

President Nguyen Xuan Phuc (front, second from left) greets economic security officials of the Economic Security Department on August 18. (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc, Chairman of the National Defence and Security Council , had a meeting with the Economic Security Department of the Ministry of Public Security on August 18. On behalf of the Party and State leaders, the President offered congratulations on the 77th anniversary of the Traditional Day of the People’s Public Security Force (August 19). He highly valued the economic security force’s timely detection and effective settlement of complex issues emerging during the international economic integration process, as well as its firm safeguarding of the country’s independence and self-reliance during economic development, thus helping stamp out threats to national security and protect economic development policies in many important areas. The force has obtained numerous achievements … [Read more...] about State leader commends economic security force

The Dong Ba Market in Thua Thien-Hue Province. — VNA/VNS Photo Mai Trang The People's Committee of Thua Thien-Hue Province and the Asian Development Bank (ADB) in Viet Nam have signed a Memorandum of Understanding (MoU) on promoting a strategic partnership for inclusive and sustainable economic development. This is a framework cooperation oriented-agreement, aiming to assist the province to achieve socio-economic development goals for the 2021-25 period, thus addressing challenges faced by the local economy through digital technology, and speeding up digital economy and digital society. Under the MoU, the ADB will give periodic consultations to the local authorities within the framework of the national programme between the Ministry of Planning and Investment, the Ministry of Finance and relevant ministries and sectors. The ADB will help Thua Thien-Hue effectively implement projects using the bank’s capital; and identify potential projects on urban transport infrastructure, … [Read more...] about Thua Thien-Hue, ADB sign MoU for inclusive, sustainable economic development

This is a framework cooperation oriented-agreement, aiming to assist Thua Thien Hue to achieve socio-economic development goals for the 2021-2025 period, thus addressing challenges facing of the local economy by digital technology, and speeding up digital economy and digital society. The MoU covers contents related to cooperation orientation principles; goals and areas of cooperation; establishment of foundation for strategic dialogue; development of joint action plans for projects; sharing knowledge, ideas and experience and engaging in dialogues with stakeholders. Under the MoU, the ADB will give periodic consultations to the local authorities within the framework of the national program between the Ministry of Planning and Investment, the Ministry of Finance and relevant ministries and sectors. The ADB will help Thua Thien Hue effectively implement projects using the bank’s capital; and identify potential projects on urban transport infrastructure, climate change adaptation, … [Read more...] about Thua Thien Hue, ADB sign MoU for inclusive, sustainable economic development

A store selling OCOP products in Quang Ninh. (Photo: VNA) Hanoi (VNA) – The northern province of Quang Ninh now has more than 500 products developed by 189 companies, cooperatives and production facilities under the “ One Commune , One Product ” (OCOP) programme, local data shows. Of the total, 267 have been rated from three to five stars. Most of OCOP products win preference by customers and have gained a strong foothold in the market, with many now available in foreign countries. The COVID-19 pandemic has seriously disrupted production and supply chains, taking a heavy toll on the health of many OCOP producers, said Hoang Duc Kha, Deputy Director of the Industry and Trade Promotion and Development Centre under the provincial Department of Industry and Trade. He said Quang Ninh will selectively organise and attend trade promotion events in order to stimulate domestic demand post-pandemic and boost sales of OCOP products, reviving local enterprises. Kha highlighted … [Read more...] about Quang Ninh revives OCOP product promotion to boost post-pandemic recovery

Indonesia President Joko Widodo. (Photo: AP) Jakarta (VNA) – The Government of Indonesia has set its economic growth target at 5.3% next year, President Joko Widodo said in his 2023 State budget speech during the plenary meeting of the House of Representatives earlier this week. The government will continue to redouble efforts to ensure the sustainability of the national economic recovery, and to push for consistent production expansion to create as many job opportunities as possible, he said. He also stressed that new sources of growth must be realised without delay. In keeping with this, the implementation of various structural reform agendas has continued to be accelerated for bringing about economic transformation. Investment must be stimulated, while the competitiveness of national manufacturing products in the global market must be improved, the President said. He further noted that the private sector has increasingly become more robust as an engine for … [Read more...] about Indonesia eyes GDP growth of 5.3% next year

Yerkin Tatishev, founder and chairman of Kusto Group During your visit to Vietnam, you identified and reconfirmed the potential of the Vietnamese market. Could you please share your investment strategy and plan for the coming years? Over the past 10 years, we have invested in different industries in Vietnam from cement to logistics and real estate. During that time, we also gained a lot of experience. The business results of the projects are different but in general, they are positive. Through this process, we have also built strong foundations for development in Vietnam such as a network of partners, friends, and a deep understanding of the local market. The Vietnamese government is stepping up investment in infrastructure such as roads, airports and many others, in which private companies are actively participating. Investment in infrastructure will create a positive growth engine for Vietnam. The nation's infrastructure system is changing very quickly and I firmly … [Read more...] about Kusto Group diversifies its business in Vietnam