HCM City to implement third relief package worth 7.3 trillion VND Ho Chi Minh City will carry out the third relief package worth 7.3 trillion VND (around 320.7 million USD) sourced from the local budget to help more households and informal workers affected by the COVID-19 pandemic, said Vo Van Hoan, Vice Chairman of the municipal People’s Committee. Speaking at a press conference held by the city’s Steering Committee for COVID-19 Prevention and Control on September 20, Hoan said given complicated developments of the COVID-19 pandemic in the city and prolonged social distancing, people face more difficulties due to job loss and having no income. Therefore, in addition to the social security relief packages of the city's Vietnam Fatherland Front Committee and other organisations and individuals, the municipal People's Committee continues to implement the third relief package to help ease difficulties for local residents. According to reports from the People's Committees of … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 21
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Military Region 9 asked to make good preparation for task performance
The state leader made the request during her working session with Military Region 9 on September 20. At the meeting, Lieutenant General Nguyen Xuan Dat, Commanding General of the region, reported on the region’s implementation of military-defense affairs in the first nine month of this year and the local armed forces’ COVID-19 prevention and control work. Specifically, despite difficulties, the region’s troops have strictly observed and carried out the Chief of the General Staff’s direction on military-defense affairs, combat readiness and duty regulations, followed closely situational developments to make forecasts and proposals to the Central Military Commission and Ministry of National Defense and worked closely with local Party committees and authorities to deal with situations in a timely manner, contributing to upholding political security, social order and safety in the region. They have also built regular, comprehensively strong, and exemplary units and actively … [Read more...] about Military Region 9 asked to make good preparation for task performance
Hanoi focuses on boosting farm produce processing industry
Hanoi (VNA) – The capital city of Hanoi has defined the development of processing industry as an optimal solution to improve the value of local farm produce and ensure supply of the products to the domestic market as well as for export. In order to implement the solution, the agricultural sector has focused on promoting the application of high technology in all production activities, while developing material growing areas and forming closed production chains, thus enhancing the locality’s capacity in farm produce processing. Nguyen Thi Thu Huong, General Director of Huong Son Food JSC in Thanh Tri district said that food and foodstuff products usually have short preservation time, therefore, processing is the best way to deal with this problem. Furthermore, processed products have higher economic values, up to two - three times than raw products, she added. Meanwhile Dao Thi Luong, Director of Tam Anh safe vegetable production and trading cooperative in Phu Xuyen … [Read more...] about Hanoi focuses on boosting farm produce processing industry
Stronger private sector – a key to economic transformation in Vietnam
The private sector will be integral in Vietnam's recovery from COVID-19. Photo: baodautu.vn The Vietnam Country Private Sector Diagnostic (CPSD) report, by the International Finance Corporation (IFC) and the World Bank, says while the private sector has played a frontline role in Vietnam’s outstanding development in recent years, it is now time to fully exploit the potential of the private sector to boost productivity growth so Vietnam can achieve its goal of becoming a high-income country by 2045. “The private sector has helped propel Vietnam to join the ranks of middle-income economies in just one generation, and the country was preparing for its next economic transformation when the COVID-19 hit,” said Kim-See Lim, IFC regional director for East Asia and the Pacific. “With another wave, it’s all the more imperative for Vietnam to help develop a dynamic, diversified, and innovative private sector for the post-COVID 19 recovery phase, as public resources become scarce.” The … [Read more...] about Stronger private sector – a key to economic transformation in Vietnam
