Economic value of uluru

The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc's ambassador to Pacific Island nations said on Tuesday. Ambassador Sujiro Seam told Reuters in an interview during a visit to New Zealand the EU had long been seen as a development partner in the Pacific and that it wanted to be perceived as an economic and strategic partner as well. The EU's push comes as major powers are vying for influence in the region, with the United States and Australia ramping up engagement in the Pacific after China signed a security pact with the Solomon Islands this year. "The geostrategic importance of the Pacific is recognised by everyone, including the European Union," Seam said. The European Union has long had a presence in the Pacific, mostly via France's ties to French Polynesia. In 2021, the European Union set out a formal Indo-Pacific strategy and announced a … [Read more...] about European Union working to increase economic, security ties in Pacific

The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year. The Hanoi People's Committee has urged local agencies to remain vigilant against the Covid-19 pandemic and accelerate the disbursement of public funds, seen as a key task for socio-economic recovery for the rest of the year. Electronics production at Rhythm Precision Vietnam, Soc Son District, Hanoi. Photo: Pham Hung Among the key tasks, the city would focus on the Covid-19 vaccine roll-out by providing boosters for eligible people, including the completion of vaccination for children aged 5-12 before September 2022, noted the municipal People’s Committee in a directive. The city’s authorities reiterated public investment is a key task for economic development and considered pubic fund disbursement a key criterion to evaluate the performance of each agency, department, and unit by year-end, especially leaders and senior officials. “Efforts … [Read more...] about Hanoi boosts socio-economic growth, but remains vigilant against Covid-19

All 30 districts citywide can develop cultural industry, making it a spearhead economic sector by 2030. All parts of Hanoi are able to develop cultural industry regardless of economic growth and geographic differences, a municipal leader has said while stressing the importance of culture in the city’s development. Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong at the conference held on August 16. Photos: Lai Tan/The Hanoi Times Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong said at a conference held on August 16 which draw the participation of the central and municipal high-ranking leaders and more than 26,000 grassroots staff. Phong said the starting point is not an important factor in deciding whether to develop a culture or not. He argued that cultural industry does not depend on countries’ development levels. As such, any country can develop a cultural industry. “Hanoi has a lot of potential for this field, all … [Read more...] about Cultural industry designed as spearhead economic sector of Hanoi

The city's authorities will continue focusing on boosting economic recovery while addressing the concerns of the business community. An agreement signing ceremony to support access to concessional loans between the Hanoi Investment Fund for Development, the city's commercial banks and the business community took place at a conference connecting stakeholders in Hanoi on 15 August. An overview of the signing ceremony. Photo: kinhtedothi.vn The municipal Department of Industry and Trade and the Investment Fund for Development also signed an agreement on cooperation and information exchange on the same day to promote the recovery of the city’s businesses in the post-pandemic period. Speaking at the conference, Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan said: “The conference is expected to facilitate the connection between local banks and businesses to support those who need  concessional loans.” She called on the … [Read more...] about Hanoi helps businesses get loans

According to economic expert Can Van Luc, there are many factors that positively affect the real estate market including the relatively good economic recovery, the acceleration of the program of socio-economic recovery and development 2022-2023, and public investment. In addition, legal issues have been and are being resolved while interest rates and basic exchange rates were stable despite strong upward pressure. In particular, the credit market is having bright spots. From now until the end of the year, there will still be a new credit wave for good property projects and by 2023 there will be a new credit room. However, challenges still remain because the economic recovery is not sustainable and the supply is not immediately abundant whereas the prices of energy and raw materials also increased. The Government and responsible agencies have been tightening management of the corporate bond market. Regarding specific developments in the market, a representative of CBRE Group … [Read more...] about Experts forecast real estate market for next year

SBV Governor Nguyen Thi Hong said that climate change is posing risks and challenges to all economies in the world, requiring them to promptly design response policies and scenarios. As one of the most vulnerable countries to climate change, Vietnam has actively rolled out measures to deal with its impacts and promote green and sustainable growth at the same time, said Hong. She underlined that the strong commitments Prime Minister Pham Minh Chinh announced at the 26th U.N. Climate Change Conference (COP26), including net-zero emission in 2050, have been highly valued by the international community, opening chances for the country in strengthening partnership in circular economy development and climate change response. The official said that over the years, the banking sector has actively contributed to the implementation of targets set in the National Strategy on Green Growth in the 2021-2030 period with a vision to 2030 through various activities, including the building of an … [Read more...] about Measures sought to attract resources for green, sustainable development