PM Nguyen Xuan Phuc hosts head of Lao Government Office Prime Minister Nguyen Xuan Phuc (R) and Minister, Chairman of the Lao Government Office Phet Phomphiphak Prime Minister Nguyen Xuan Phuc received Minister, Chairman of the Lao Government Office Phet Phomphiphak in Hanoi on October 5. Welcoming the Lao official’s visit, PM Phuc spoke highly of the outcomes of the working session between Phomphiphak and his Vietnamese counterpart Mai Tien Dung. He asked both sides to continue coordinating in carrying out cooperation deals between the two government offices as well as agreements between Vietnam and Laos. Phomphiphak conveyed the profound condolences from the Lao Party, State, and people to their Vietnamese counterparts over the death of former General Secretary of the Communist Party of Vietnam Central Committee Do Muoi. Briefing the PM on Laos’ socio-economic situation, he said the Lao Government expected that the Vietnamese Government would continue to maintain … [Read more...] about Government News 6/10
Macro economy news
BUSINESS NEWS 7/8
PM to chair meeting on wood exports Prime Minister Nguyen Xuan Phuc will chair a meeting on wood processing industry and forestry exports in HCM City on August 8, the Ministry of Agriculture and Rural Development’s Viet Nam Administration of Forestry has announced.The forthcoming event will attract the participation of more than 500 enterprises operating in wood and representatives from foreign and domestic agencies. They will discuss measures for the fast and sustainable development of timber industry in the time to come.Statistics from the administration revealed that the country earned US$5 billion from forestry exports in the first seven months of this year, up 14 per cent year-on-year.The exports fulfilled nearly 56 per cent of the yearly target and made up 22.6 per cent of the total turnover of the agriculture sector.The US, China, Japan and South Korea were the largest forestry importers of Vietnamese timber goods. Other markets with strong growth … [Read more...] about BUSINESS NEWS 7/8
Officials meet to discuss economy restructuring
Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Thursday chaired the first meeting of the national steering committee on restructuring the economy to work out plans to refresh the country’s growth model for the next two years. Cabinet ministers, officials from the National Assembly, locality leaders and economists gathered for the first time to review the implementation of the Government’s action programme on realising resolutions on growth model reform adopted by the Party Central Committee and the National Assembly over the past one and a half years. In the meeting, Phúc has tasked the committee with seeking ways to create new momentum for the national economy. He said that ministries, agencies and localities should change their viewpoints and actions, thus creating breakthroughs to improve productivity, quality, efficiency and competitiveness, describing this as a decisive factor to make the national economy … [Read more...] about Officials meet to discuss economy restructuring
Government News 27/7
NA Vice Chairman wraps up US visit NA Vice Chairman Do Ba Ty (R) meets US friends who have supported Vietnam in its past struggle for national liberation and current nation building cause The Vietnamese National Assembly (NA) will continue providing support for Vietnam’s overseas representative offices, affirmed NA Vice Chairman Do Ba Ty while talking to Vietnamese officials who are working in New York. Ty asked Vietnamese representative offices to update and study the host country’s commercial policies to submit appropriate response to the legislature. He met officials of the Vietnamese permanent mission to the United Nations and Vietnam’s representative offices, as well as correspondents of Vietnam News Agency and Vietnam Television in New York during his working visit to the city from July 26-27. Meeting several US friends, Ty recalled important milestones in the relations between Vietnam and the US. US friends, in turn, made proposals helping Vietnam carry … [Read more...] about Government News 27/7
How to understand the essence of unobserved economy
Nguyễn Bích Lâm. — Photo quanhta.com Nguyễn Bích Lâm, director general of the General Statistic Office, from the Ministry of Planning and Investment, speaks to Vietnam News Agency magazine Kinh tế Việt Nam & Thế giới (Việt Nam and the World) on the true meaning of the concept of an unobserved economy. What is the concept of unobserved economy? An unobserved economy is an economy that reflects the performance results of all economic entities in society but who’s performance has not been officially collected. This economic entity is comprised of a number of elements: First, it is the informal economy which is all legal business operations but without official registration with the authority to avoid paying income tax, value added tax and other required duties to the State. Second, it relates to all illegal economic activities, including drug trafficking, prostitution activities and unregistered business … [Read more...] about How to understand the essence of unobserved economy