The 13th Party Congress Resolution says Vietnam aims to become a developed country with high income by 2045, when it will celebrate the 100th anniversary of the country's establishment. This means that Vietnam has 24 more years to reach that goal. And it will be very difficult to turn this into reality if Vietnam still cannot become a ‘developing country with modern industry and higher average income’ by 2030. Core technology Dang Vu Chu, former Minister of Industry, said Vietnam cannot become a country with modern industry if it doesn’t speed up the development of core technology. Chu, 81, was Minister of Light Industry and then Minister of Industry for 12 years. He was a special politician who was a a member of three cabinets under three PMs (Do Muoi, Vo Van Kiet and Phan Van Khai) and has a lot of experience from different development periods. He has been keeping a close watch over the country’s industrial development though he retired 20 years ago. Chu affirmed … [Read more...] about Will 24 years be enough for Vietnam to become a developed country with high income?
High level agreements
Argentinian Ambassador to Vietnam Luis Pablo Maria Beltramino (Photo courtesy of the Argentinian Embassy) Hanoi – The new Argentinian Ambassador to Vietnam, Luis Pablo Maria Beltramino, has affirmed his country’s willingness to upgrade its relations with Vietnam to a strategic partnership, especially when the two sides are preparing to mark the 50th founding anniversary of their diplomatic ties in 2023. Talking to the Vietnam News Agency after presenting his credentials to President Nguyen Xuan Phuc, Beltramino expressed his honour to be appointed Ambassador of Argentina to Vietnam and pledged all-out efforts to continue promoting the solidarity, friendship, and cooperation between the two countries, which set up their comprehensive partnership in 2010. Valuing the flourishing extensive cooperation, he highlighted its three pillars of political dialogue, trade, and technical collaboration. The ambassador noted the political dialogue mechanism has been deployed in the form of … [Read more...] about Argentina hopes for strategic partnership with Vietnam: ambassador
Promotion of Vietnam’s popular products is going through its own digital transformation The northern mountainous province of Son La’s plum and Yen Chau’s mango are now officially listed on Shopee’s e-commerce platform, with distribution currently limited to Hanoi and Ho Chi Minh City. The listing on Shopee’s popular platform is being supported by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT), which helps with product traceability, labelling, and transparency of information. Son La has been preparing to enter the harvest season of fruits such as plums, longans, and mangoes with an output of hundreds of thousands of tonnes. However, COVID-19 has lowered demand and caused issues in the distribution of fresh fruit. Son La is currently the second-largest fruit tree cultivation area in the country, with nearly 73,000 hectares of plantations. Many fruit products of the province are not only widely consumed in the domestic market but also … [Read more...] about Trading with a digital tint
Doctors bring Việt Nam's COVID-19 prevention role model to UN peacekeeping mission COVID-19 National vaccination campaign: safety first Việt Nam records 300 local COVID-19 cases on Sunday Two more people die of COVID-related complications Đà Nẵng closes off beaches and sit-in dining again as new COVID-19 outbreak emerges A turtle is captured in a cage for sale at a wildlife market in the south of Việt Nam. Ninety-four per cent Vietnamese public support closing wildlife markets and ending deforestation. Photo courtesy of PanNature ĐÀ NẴNG – The Vietnamese public is overwhelmingly in favour of the closure of high-risk markets selling animals coming from the wild, a survey has found. The report by the WWF and research firm GlobeScan found 94 per cent of respondents were very likely or likely to support the efforts by the Government and health ministry to close all such markets. The ‘COVID-19 One Year Later: Public Perceptions about Pandemics and their … [Read more...] about Vietnamese public support closing wildlife markets and ending deforestation
Monetary policies: highlights of early 2021 By Pham Minh Consistently low interbank interest rates since the start of 2020 (except on a few days, when an unexpected drop in liquidity pushes up interest rates) have enabled banks to keep deposit and lending interest rates manageable to boost production and investment - PHOTO: TRAN NGOC LINH The State Bank of Vietnam (SBV) has loosened monetary policies since the start of this year to fuel growth as macroeconomic fundamentals remain favorable. Maintaining the values of key interest rates and sustaining policies aimed at supporting enterprises battered by Covid-19 are among the highlights of monetary policies in 2021. Monetary policy management is inextricably tied with macroeconomic fundamentals. It is therefore important to review these factors as a necessary condition for policymaking of the SVB, the central bank. Two key variables, inflation and the exchange rate, were rather encouraging in the first four months of … [Read more...] about Monetary policies: highlights of early 2021
Vietnamese Ambassador to Tanzania Nguyen Nam Tien (Photo: VNA) Pretoria (VNA) – Vietnam is ready to provide technical support and share experience in agricultural development with Tanzania, Vietnamese Ambassador to Tanzania Nguyen Nam Tien said during a recent meeting with the host country’s Minister of Agriculture Adolf Faustine Mkenda . At the working session in Dodoma capital on June 17, Tien said the two countries boast considerable potential for cooperation in crop cultivation, animal husbandry, aquaculture, and forestry. He also introduced Vietnam’s agricultural strengths to the Tanzania minister, noting that Vietnam earned more than 41 billion USD from agricultural exports in 2020, with the US being the largest importer, followed by China, the EU, ASEAN, and Japan. Congratulating Mkenda on his reappointment as Minister of Agriculture, one of the most important economic sectors in Tanzania, the diplomat expressed his delight at the recent strides in the … [Read more...] about Vietnam ready to assist Tanzania in agricultural development: ambassador