Socio economic benefits

Scientific research in universities needed pushing up to create a high-qualified human resource for the industrialised economy. Photo nhandan.vn HÀ NỘI – Deputy Prime Minister Vũ Đức Đam has signed Decision No. 569/QĐ-TTg dated May 11 issuing a strategy for scientific-technological development and Innovation to 2030. Accordingly, science, technology and innovation will further contribute to economic growth through scientific research and technological development activities of research institutes and universities. Innovation activities will also help improve management and organisational capacity in enterprises. The specific objective of the strategy is that science, technology and innovation play an important role in developing spearhead industries, especially the processing and manufacturing industry, making an important contribution to the restructuring of the economy towards modernisation and industrialisation by 2030 as well as take … [Read more...] about Science, technology, innovation pushed for economic development

VEPR organises a conference on the Việt Nam Annual Economic Report 2022 in Hà Nội on Friday. — Photo baodautu.vn HÀ NỘI — The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Việt Nam Annual Economic Report 2022. The conference was organised by the Việt Nam Institute for Economic and Policy Research (VEPR) in Hà Nội on Friday. The report highlighted that the Vietnamese economy is in the process of recovery but will continue to face many difficulties this year. Inflationary pressure and production costs are increasing strongly. In addition, risks from the Russia-Ukraine conflict have a huge indirect impact on the country's economy. The slowdown of the global economy and important partner economies of Việt Nam, especially China, which is continuing its "Zero COVID" policy with strict measures, can stress the Vietnamese economy, disrupting supply … [Read more...] about Q3 set to be tough period for inflation

Ambassador Lê Thị Tuyết Mai, Permanent Representative of Việt Nam to the United Nations, the World Trade Organisation (WTO) and other international organisations in Geneva. — VNA/VNS Photo GENEVA — Deputy Prime Minister Lê Minh Khái will attend the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland, at the invitation of WEF Founder and Executive Chairman Professor Klaus Schwab. This will be one of the major multilateral foreign relations activities of Việt Nam in 2022, especially in the context that the annual meeting of this major global economic forum has been postponed over the past two years due to COVID-19, according to Ambassador Lê Thị Tuyết Mai, Permanent Representative of Việt Nam to the United Nations, the World Trade Organisation (WTO) and other international organisations in Geneva. She said that since Việt Nam and the WEF set up their relationship in 1989, leaders of both sides have paid great attention to the promotion of bilateral … [Read more...] about Việt Nam to introduce national development strategies at 2022 Davos WEF: Ambassador

PM Pham Minh Chinh speaks at the meeting with Gia Lai officials on May 22. (Photo: VNA) Gia Lai (VNA) – Prime Minister Pham Minh Chinh had a working session with key officials of Gia Lai on May 22, part of his working trip to this Central Highlands province. Secretary of the provincial Party Committee Ho Van Nien reported on Gia Lai ’s achievements in containing COVID-19, recovering socio-economic development, and performing political tasks. He also submitted several proposals to the Government so as to help boost local development. PM Chinh spoke highly of Gia Lai’s attainments but also pointed out certain shortcomings needing to be addressed, including potential yet to be fully optimised, limited strategic infrastructure, and hardships facing ethnic minorities , especially those in rural areas. Highlighting some focal tasks for the time ahead, he demanded the province work harder to capitalise on its potential, advantages, and resources to obtain a fast and … [Read more...] about Gia Lai province urged to establish itself as driver of Central Highlands

The Ministry of Transport and localities have proposed VND103 trillion (USD4.43 billion) to carry out 13 transport infrastructure projects between 2022 and 2023. The Ministry of Transport has recommended six projects worth a total capital of VND87 trillion (USD3.75 billion) which will be sourced from the government’s socio-economic recovery programme. The Ministry of Transport and localities have proposed VND103 trillion to carry out 13 transport infrastructure projects The biggest project is the eastern section of the north-south expressway which has a total investment of VND146.9 trillion. Under the ministry’s proposal, VND72.6 trillion will be taken from the government’s socio-economic recovery programme. The other projects are the Cao Lanh-An Huu, Chau Doc-Can Tho-Soc Trang, Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau expressways and Dai Nghia Bridge which will use VND6 trillion, VND1.2 trillion, VND3.8 trillion, VND2.3 trillion, VND3.5 trillion and VND4.1 … [Read more...] about VND103 trillion proposed for 13 infrastructure projects

Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say. HCM City Chairman Phan Văn Mãi (second from left) speaks with representatives of businesses on the sidelines of a conference between city leaders and foreign investors last Friday. Speaking at a meeting between city leaders and foreign investors late last week, Hirai Shinji, chief representative of the Japan External Trade Organisation (JETRO) in HCM City, said while more manufacturers were looking to relocate their production to other provinces because of rising labour costs and land rents in HCM City, the city remained a popular investment destination. A recent JETRO survey attributed it to the city’s great economic growth potential and market size, he said. HCM City has been praised for its achievements in speedy post-pandemic economic recovery, he added. Mary … [Read more...] about HCM City growth remains an X factor: foreign investors