Flight economics

A corner of District 2 in HCM City. — VNA/VNS Photo HÀ NỘI — The process of urbanisation is an important driving force for rapid and sustainable socio-economic development in the future, with urban areas slated to form a greater part of the country's economy in the next few years. Therefore, all levels of Party committees and Party members are told to focus on planning, construction, management and sustainable development of urban areas in Việt Nam by 2030. Politburo member and permanent member of the Party Central Committee's Secretariat Võ Văn Thưởng made the statement on Wednesday morning when he chaired a conference to direct the implementation of Resolution No. 06-NQ/TW, which is related to the country's urban areas. At the conference, Thưởng told the Government's Party Personnel Committee to soon issue an action plan to quickly implement the resolution. The action plan must have specific roadmaps and assignments; concreting the resolution’s targets into the annual … [Read more...] about Urbanisation process a driving force for rapid, sustainable socio-economic development

Vo Van Thuong, permanent member of the Party Central Committee’s Secretariat, speak at the conference. (Photo: VNA) Hanoi (VNA) – Urbanisation is indispensable and an important driving force for Vietnam’s rapid, sustainable socio-economic development in the time ahead, Vo Van Thuong , permanent member of the Party Central Committee’s Secretariat, said at a conference in Hanoi on May 18. The conference looked into the implementation of the Politburo’s Resolution No. 06-NQ/TW, dated January 24, 2022, on urban planning, building, management and development by 2030, with a vision towards 2045. Thuong laid emphasis on the need to quickly build action programmes and plans on the implementation of the resolution, with specific roadmaps and tasks, he noted. It is also crucial to change theoretical mindset and urban planning methods, and ensure the long-term vision, harmony and modernity of planning schemes, with people and their living standards at the centre, and urban … [Read more...] about Urbanisation indispensable in national development: Party official

The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to U.S. friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam - U.S. ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly one-third of the total U.S. - ASEAN trade turnover. The U.S. is Vietnam’s second largest trade partner while Vietnam is the U.S.’ 9th largest, he noted, adding that trade between the two countries has contributed to making Vietnam one of the 20 largest import-export countries … [Read more...] about PM urged U.S. businesses to invest in tourism and trade in Vietnam

With the German labor market's scarcity of highly skilled workers, this is an opportunity for Vietnamese workers to develop their careers in Germany. In order to help young people best prepare to work in Germany, the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) and Saigontourist Hospitality College (STHC) organized the seminar "Working in Germany" on May 13. The seminar aims to provide information about opportunities, challenges, application process in Germany for foreign workers, the "ProRecognition" and "Hand in Hand for International Talents" projects. In the exciting atmosphere of the seminar, students and alumni learned from the experts of AHK Vietnam information about the German labor market, the requirements of German employers for foreign skilled workers as well as opportunities and challenges for Vietnamese workers. In addition, they also had the opportunity to listen to practical sharing from Khanh and Tien, two former students of … [Read more...] about Sharing information on opportunities for Vietnamese workers to develop their careers in Germany

Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB

Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time