Economics can be defined as the social science that explains the

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

National Assembly Chairman Vương Đình Huệ delivers opening remarks at the meeting in Hà Nội on Monday. — VNA/VNS Photo HÀ NỘI — National Assembly (NA) Chairman Vương Đình Huệ asked deputies to propose practical and effective measures to fulfil socio-economic targets for the 2021-2025 period. Addressing the opening ceremony of the third session of the 15th-tenure NA in Hà Nội on Monday, Chairman Huệ proposed the deputies assess achievements and shortcomings, while pointing out challenges to successfully implementing socio-economic development tasks. Deputies were also asked to closely follow requirements, targets and solutions set by the NA and the Government regarding socio-economic development, COVID-19 prevention and control, five-year planning frameworks during the 2021-2025 period and fiscal and monetary policies. In order to ensure the highest efficiency of the third session, NA agencies and deputies made careful preparations for discussions, aiming for the best outcomes … [Read more...] about NA meeting expected to create premise for socio-economic achievements

Phnom Penh (VNA) – Cambodia’s Ministry of Economy and Finance has forecast that the country’s economy will expand 5.1 percent this year and 6.2 percent in 2023. The forecast followed the preliminary assessment of the macroeconomic situation of Cambodia by the International Monetary Fund (IMF) mission in the country, reported Cambodia’s Khmer Times. Regarding the assessment of the economic and financial situation in the country, Alasdair Scott, the IMF’s mission chief for Cambodia said that the growth will be assisted by the socio-economic recovery, despite some risks such as high inflation, ongoing Russian-Ukrainian war, a slowdown of the Chinese economy, and faster-than-expected tightening monetary policy in developed countries. At the same time, the Cambodian economy in 2023 is expected to grow higher than the previous forecast at 6.2 percent, mainly thanks to the growth of the tourism sector. The IMF also urged the government of Cambodia to take timely steps to … [Read more...] about Cambodia expects 5.1 percent in economic growth this year

Deputy Prime Minister Vũ Đức Đam speaks at a high-level discussion during the 78th annual meeting of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) on Monday in Bangkok, Thailand. VNA/VNS Photos Ngọc Quang BANGKOK — Deputy Prime Minister Vũ Đức Đam on Monday highlighted a number of focus areas for cooperation between Asia and the Pacific. He was attending a high-level discussion during the 78th annual meeting of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok, Thailand. The meeting takes place during May 23-25, with 700 senior leaders and representatives of 51 member countries and territories of ESCAP. President of the United Nations General Assembly Abdulla Shahid and United Nations Secretary-General Antonio Guterres were also present. The theme of this year’s session is “A common agenda to advance sustainable development in Asia and the Pacific”. Speaking at the event, Deputy PM Đam … [Read more...] about People should be the centre of regional development: Deputy PM

Vietnam ranked 51th out of 165 countries and territories in terms of progress toward the UN’s sustainable development goals (SDGs), 30 places higher compared to five years ago. Vietnam remains committed to contributing to peace, stability, and inclusive growth for development and prosperity in the region and the world. Deputy Prime Minister Vu Duc Dam at the event. Source: VNA Deputy Prime Minister Vu Duc Dam gave the remarks at the 78 th session of the UN’s Economic and Social Commission for Asia and the Pacific (ESCAP), currently underway in Bangkok, Thailand from May 22-23. The event, themed “A common agenda to advance sustainable development in Asia and the Pacific”, drew the participation of high-ranking officials from 51 member countries of ESCAP. In his speech, Dam stressed the significance of this session, which coincided with the 75 th anniversary of ESCAP’s establishment, as well as the body’s contribution to socio-economic development in the … [Read more...] about Vietnam remains committed to inclusive growth for world’s prosperity

Ambassador Lê Thị Tuyết Mai. Photo vtv.vn Deputy Prime Minister Lê Minh Khái is attending the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland. Ambassador Lê Thi Tuyết Mai, Head of the Permanent Delegation of Việt Nam to the United Nations, World Trade Organization (WTO) and other international organisations in Geneva, talks to VTV News on relations between Việt Nam and WEF, as well as issues surrounding the content of this year's forum. The World Economic Forum Annual Meeting 2022 (WEF Davos Conference 2022) has the theme "History at a turning point: Government Polic ies and Business Strateg ies". This will be the first live event promoting public-private cooperation between leaders of countries, international organi sations and global corporations since the COVID-19 pandemic. Could you please tell us more about the issues that will be discussed at the Conference, as well as the purpose, meaning and comments on this year's topic? The … [Read more...] about Việt Nam commits to working with global community in tackling global issues