Socio economic means

NA Chairman Vuong Dinh Hue (standing) addresses the meeting in Hanoi on November 30 (Photo: VNA) Hanoi (VNA) – The Vietnam Economic Forum 2021 is scheduled to take place on December 5 to help the Government design a package of fiscal and monetary solutions to shore up the economy. Chairman of the National Assembly (NA) Vuong Dinh Hue presided over a meeting in Hanoi on November 30 with standing members of the NA’s Committee for Economic Affairs and a group of experts and researchers on financial and monetary policies assisting the implementation of the socio-economic recovery and development programme. He said the forum will be organised by the NA’s Committee for Economic Affairs, the Party Central Committee’s Economic Commission, and the Vietnam Academy of Social Sciences. The event will take place both in person and via videoconference and gather domestic and foreign scholars, experts, and researchers. It aims to help clarify scientific and practical grounds to help … [Read more...] about Economic forum to help Gov’t develop recovery measures

The Vietnam Finance Forum 2021 takes place in Hanoi on November 16. (Photo: VNA) Hanoi (VNA) – It is urgent for Vietnam to develop financial and budgetary solutions to stablise the macro-economy and boost economic recovery and development post- COVID-19 , Deputy Finance Minister Vo Thanh Hung told the Vietnam Finance Forum 2021 on November 16. This year’s event was themed “Finance Strategy for the 2021 – 2030 period: Solutions for Economic Recovery and Development in Vietnam.” Also speaking at the event, Dr. Nguyen Nhu Quynh, Deputy Director of the Ministry of Finance’s National Institute for Finance (NIF) said according to the next decade’s Finance Strategy, the national finance policy plays a pioneering role in effectively mobilizing, distributing and using both domestic and foreign resources, and directing the resources into fulfilling priority socio-economic development goals in each certain period of time. It is important for the country to focus more on … [Read more...] about Next-decade Finance Strategy to boost economic recovery

Tinh Hoa Farm cooperative in Dak Lak province grows melon and vegetables (Photo: VNA) Hanoi (VNS/VNA) - The key role of collectives in Vietnam's socialist-orientated market economy has been reinforced through the success of cooperatives up and down the country, though their further potential remains untapped. The development of cooperatives was a key target of localities. In order to promote the local economy and overcome the ineffective operations of the current cooperatives, provinces focused on training workforce, mobilising financial sources and fostering administrative qualifications and management methods. According to a report by the Vietnam Cooperative Alliance , by June 2021 there were over 26,000 cooperatives nationwide, of which more than 17,000 were agricultural cooperatives, over 7,000 were non-agricultural cooperatives and 1,100 were people's credit fund cooperatives with over 6.8 million members, creating jobs for over 2.4 million employees. It is clear … [Read more...] about Seeking solutions to improve cooperative economic efficiency

The two sides signed an agreement on the implementation of Trade Policy and Export Promotion project The project runs from 2021-2024 with a total budget of CHF5.627 million ($6.14 million), in which Switzerland’s grant contribution is CHF5 million ($5.45 million) and the counterpart funding from the government of Vietnam and beneficiaries amount to CHF627,000 ($683,810). Vietnam’s development record over the past 35 years of reform is remarkable. Economic reforms and trade liberalisation have spurred rapid economic growth and development. However, while trade has grown strongly in these years, framework conditions still need further improvement. A lack of strategic orientation in export promotion, and a still fragmented and nascent ecosystem to support companies leave many small businesses struggling to access international markets and international value chains. The SwissTrade project will help address these challenges through technical assistance to the Vietnamese Ministry … [Read more...] about Switzerland supports Vietnam in enhancing trade policy and export promotion

Delegates attending the groundbreaking ceremony of Dong Trieu Golf Course in Dong Trieu town, Quang Ninh Province on October 24 morning. (Photo: VNA) Quang Ninh (VNA) - Groundbreaking ceremonies for four key projects were launched on October 24 in Quang Ninh Province, marking the reopening of one of the pillar economies in Vietnam after a long break due to COVID-19. These projects included the Ha Long Green complex urban area in Quang Yen Town and Ha Long City, Dong Trieu Golf Course , Quang Ninh LNG Power plant and Van Ninh general port. The series of projects, worth a total of more than 283.3 trillion VND (12.5 billion USD), demonstrated Quang Ninh’s effort in developing the economy amid the impact of the pandemic in Vietnam and around the world. “The events are some of the many positive initiatives of Quang Ninh Province in achieving the dual goals, contributing to the economic growth target and in celebration of the 58th anniversary of the founding of Quang Ninh … [Read more...] about Work on a series of key projects starts in Quang Ninh

Workers at a factory in Thành Thành Công Industrial Park in Tây Ninh Province’s Trảng Bàng Town. — Photo baotayninh.com TÂY NINH PROVINCE — The southern border province of Tây Ninh is creating conditions for COVID-19-hit businesses to overcome obstacles and resume production and adapt to the new situation. With a 240km border with Cambodia, Tây Ninh is at high risk of infection though the latest outbreak has shown signs of easing. It has so far recorded more than 20,000 cases and 200 deaths. After months of fighting the pandemic, the province has been assessed as being at level 2, or medium, risk of spread, in the four levels listed under the Government’s Resolution 128. Social distancing has been relaxed since the outbreak has basically been brought under control. The latest wave has affected all aspects of the economy, with most local businesses in all sectors being severely hit. Most businesses have been allowed to resume operations but are still in a very difficult … [Read more...] about Southern border province goes all out to help businesses resume operations