Roadmap for product 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

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

Because of strict visa policies, promotions to attract international tourists have not been as effective as expected, according to many businesses. Enterprises have made huge investments to welcome back tourists, but such illogical visa policies may slow down the tourism recovery pace. Being confused and facing difficulties Many travel companies in Da Nang City told Tuoi Tre (Youth) newspaper that visa policies for foreign tourists were still their biggest concern. Before the COVID-19 outbreak, Vietnam offered the visa waiver policy for citizens of many countries and the normal visa approval period was three to five days (visas which were valid for 30 days). However, the list of countries whose citizens are entitled to Vietnam’s visa waiver policy has been shortened and the visa processing period has been lengthened, putting enterprises at a disadvantage. Cao Tri Dung, chairman of the Da Nang Tourism Association, said that after the COVID-19 pandemic, the number of … [Read more...] about Strict visa policies hinder international guests from visiting Vietnam

According to Decision No. 343/QD-BNV approved by the Vietnamese Ministry of Home Affairs on April 27th, 2022, Vietnam Blockchain Association was established. The inaugural ceremony was held on May 17th, 2022 in Hanoi. It marked the official start for the Association, announced its official Executive Committee, and the principles and the directions for future activities. The focus of the event was on the series of Action Programs that promote blockchain technology's application in a digital economy and leverage Vietnam's position on the global technology map. The Action Programs aim to bolster the research and application of blockchain technology solutions to every economic aspect. Vietnam has witnessed the rapid introduction and development of Blockchain technology in recent years. As the number of enterprises, researchers, and engineers pursuing the technology increases, the need for connection, collaboration, sharing, and support also increases. Therefore, an official … [Read more...] about Vietnam Blockchain Association officially established

Customers buying MEATDeli, a product of Masan MEATLife, at a Vinmart+ store. — Photo thitmatmeatdeli.com HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a negative impact on the animal feed industry as supplies of raw materials for animal feed production like corn, soybeans and wheat, are disrupted, causing prices to rise sharply. The two countries are respectively the world's leading and third largest wheat exporter, accounting for one-third of the total trade of this commodity. Besides, Ukraine is the second largest corn exporter, accounting for 22 per cent of the world turnover. As of early April, the price of imported corn at Cái Lân port, Quảng Ninh Province, reached VNĐ9,200-9,500 per kg (US$0.4-0.41 per kg), an increase of 20-25 per cent compared to the end of 2021 and up 50 per cent over the same period last year. The average price of … [Read more...] about Livestock companies profit hit by rising animal feed prices

Developing modern logistics infrastructure and enhancing linkage to lower logistics costs would give a push to export growth. — Photo baochinhphu.vn HÀ NỘI — Lowering logistics costs is key to increasing the competitiveness of Việt Nam’s export products and the whole economy. The latest figures of the Việt Nam Logistics Association revealed that logistics costs were equivalent to around 20-22 per cent of the country’s GDP, much higher than Thailand (19 per cent), China (18 per cent), Malaysia (13 per cent) and nearly three times higher than the US and Singapore (8 per cent). The association pointed out that about 4,000 enterprises were providing logistics services in Việt Nam, 97 per cent of which were micro, small and medium-sized enterprises. However, service quality, capital, information technology application, digital transformation and human resources remained limited. Trần Đức Nghĩa from the association said that logistics costs were pushed up by high road … [Read more...] about Lowering logistics costs key to competitiveness