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Dang Xuan Quang, deputy director general of NCIF under the MPI In 2022, Vietnam outperformed other countries in the region following a rebound in consumer spending, several quarters of robust export growth, and the gradual return of international tourism. GDP growth in the third quarter of 2022 exceeded all forecasts, estimated to increase by 13.67 per cent on-year, bringing GDP growth in the first nine months of 2022 to 8.83 per cent. Inflation was still below the annual target (4 per cent per year). However, a global slowdown and heightened risks of financial instability could weigh on growth in 2023 and 2024. This was the focus of the 2 nd Vietnam Economic Pulse forum, which took place in Hanoi today (November 22) on the topic: “Extending Economic Recovery – Growth Drivers” with the participation of government officials, development partners, business leaders, and scholars. The forum was jointly organised by the National Center for Socio-Economic Information and … [Read more...] about Sustaining economic recovery and prospects for growth in 2023

At the workshop (Photo: nhandan.vn) Hanoi (VNA) – Supervision mechanism to ensure compliance of integrity of judicial professionals was the main topic of a workshop in Hanoi on November 23. The event was co-organised by the Party Central Committee’s Commission for Internal Affairs, the United Nations Development Programme ( UNDP ) and the EU Delegation to Vietnam. In his opening remarks, deputy head of the Commission for Internal Affairs Nguyen Thanh Hai stressed that the compliance of integrity is significant to ensuring a pure, strong judicial system, and supervision is to ensure integrity compliance. The Vietnamese Party and State have issued a resolution on continuing to build and perfect a rule-of-law socialist State in the new period, he said, adding that opinions raised at the workshop are meaningful in terms of both theory and reality. EU Ambassador to Vietnam Giorgio Aliberti said “Legislation and regulation is one thing and actual implementation is … [Read more...] about Workshop looks into integrity compliance of judicial professionals

Attending the ceremony were representatives of the Norwegian Embassy in Hanoi, the UNDP, the Vietnam Administration of Seas and Islands, and the Vietnam Meteorological and Hydrological Administration. This new technical assistance package will support the Vietnamese government in strengthening and implementing maritime spatial planning (MSP). It will also assist in creating and establishing a more rational use of marine space and the interconnections between its uses, balancing the need for growth with the need to maintain marine ecosystems and achieving social and economic goals in an open and organised manner. The UNDP and the Norwegian Embassy in Hanoi cooperate to enhance ocean sustainability and climate change response in Vietnam This endeavour aims to promote a cross-sectoral approach to the management of economic, environmental, and social concerns with strategic planning and long-term investments. The MSP is not intended to replace sector-specific planning. … [Read more...] about Enhanced cooperation for ocean sustainability and climate change

The Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Programme (UNDP) in Vietnam last week launched a set of strict standards for Vietnam to select high-quality foreign direct investment (FDI). Screening tool to bump up FIE quality-illustration photo, photo Shutterstock The new tool, known as the Foreign Investment Screening Instrument, comes at an opportune moment, as the government has identified responsible investment as one of the five priority areas of Vietnam’s National Action Plan on Responsible Business Practices. “Localities in Vietnam will now have this tool at their disposal. It can provide practical, evidence-based information to promote responsible business and sustainable development when deciding on whether to approve incoming investments,” said Dau Anh Tuan, vice general secretary of the VCCI. The screening instrument consists of eligibility, risk, and alignment assessments. These provide flexibility to local … [Read more...] about Screening tool to bump up FIE quality

The conference created opportunities to exchange practical experiences, innovative solutions, and the development of new applications to promote sustainable values, thereby fostering sustainable business communities across all sectors, industries, and fields. At the event opening, Le Trong Minh, VIR editor-in-chief, said that ESG (environment, society, and governance) were three majors in developing a sustainable economy in the context of a fast-moving world with increasingly strong commitments and strict regulation, it is necessary for businesses to study and build good strategies to catch up with the trend. “Recent major studies around the world have shown that more and more governments, businesses, and investors are interested in ESG in the world. The discussion at today's conference will surely bring us practical solutions, and valuable experience to clarify this issue,” added Minh. Le Trong Minh, VIR's editor-in-chief, speaking at the event Patrick Haverman, … [Read more...] about ESG key to sustainable development: conference

A new report by Youth Co:Lab. surveying over 1,000 young social entrepreneurs across 25 markets in the Asia Pacific has highlighted climate change as a global emergency, placing the spotlight on how this group is taking bold steps to address climate challenges. Those surveyed were increasingly involved with developing climate solutions and working with organisations that were taking action to minimise the negative environmental impact of their operations. The report found that 85 per cent of young social entrepreneurs faced challenges in advancing climate action. Among this group, access to adequate financial resources emerged as the biggest obstacle to advancing climate action, with 68 per cent of respondents identifying it as a challenge. A lack of connection to relevant partners and absence of education and training were the second and third biggest obstacles per 55 per cent and 46 per cent of respondents, respectively. Despite the challenges, young social … [Read more...] about Asia Pacific social entrepreneurs call for stronger systems to address climate risks