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Nguyen Thi Nuong, an elderly Lao-Vietnamese woman living in Vientiane, said she is always impressed by the rapid changes she sees in Vietnam every time she visits her homeland. “Without the Party, there is no [Vietnam] today,” she said. She highlighted anti-corruption as the country’s most significant achievement, saying the Party and Government have played an exemplary and decisive role in such efforts. She also voiced a hope that this fight will be more drastic and successful following the 13th National Party Congress. Speaking highly of the attention paid by the Party and State to Vietnamese religious practices in foreign countries, Most Venerable Thich Minh Quang, head monk at Phat Tich Pagoda in Vientiane, said they have provided all necessary conditions for the development of Buddhism as well as traditional culture among Vietnamese people abroad. Over the last five years, the Party has guided the country through all kinds of hardships to sustain economic … [Read more...] about Overseas Vietnamese in Laos have high hopes for 13th National Party Congress

"Since the early 90s, at the start of Vietnam’s application of the "doi moi" reforms (from a planned to socialist-oriented market economy), the main growth driver of the economy had been demand. People’s demand for food, clothing, housing, travel education, and entertainment was exploding, and the only thing to do was to meet the demand. Hence, economic growth was very high those years," he said. … [Read more...] about Economists chant private sector mantra as Party Congress deliberates

Hanoi (VNA) - The National Load Dispatch Center (A0) has asked Vietnam Electricity (EVN) to equip it with better infrastructure for the operation of a future wholesale and retail electricity market with more renewable energy resources. According to a representative of the centre, wind and solar power plants have been put into operation on a large scale but data on their scale and generating capacity is not yet accurate. The representative added that rooftop solar power, with a capacity of up to 9,583 MWp, was affecting the load chart, making it tough to plan the power system operation as well as the market, especially due to the limitations of the transmission grid, particularly the 500kV / 220kV grid in the north. The centre also said the operation processes of the hydroelectric plants with a capacity of more than 30 MW had shortcomings to fit with electricity market regulations. As the future infrastructure will convert the transaction cycle from 60 minutes to 30 minutes, while … [Read more...] about Electricity dispatch centre asks for better infrastructure

News website channelnewsasia.com quoted Party General Secretary and President Nguyen Phu Trong’s speech at the congress’ opening ceremony before nearly 1,600 delegates, highlighting that the outstanding economic development and successful control of COVID-19 pandemic were the major achievements of Vietnam last year. … [Read more...] about 13th National Party Congress receives wide coverage on international media

The draft report reviewing the implementation of socio-economic development strategy 2011-2020 and building a socio-economic development strategy for 2021-2030 said: “The economic growth rate did not reach the set target. Average GDP growth was about 5.9% per year in the 2011-2020 period, compared with the strategic target of 7-8% per year and lower than the previous two periods. GDP per capita in 2020 increased about $1,420 compared to 2010, much lower than that of many countries... The scale of the Vietnamese economy ranked 6th, while the population ranked 3rd among ASEAN countries." … [Read more...] about Two resolutions for reform