Vietnam economic growth

Deputy Foreign Minister and Head of SOM ASEAN Vietnam Nguyen Quoc Dung (Photo: VNA) Hanoi (VNA) – Vietnam wants ASEAN to unite in all aspects, from institutions to economy and human resources, which is very important for ASEAN to uphold its central role, said Deputy Foreign Minister and Head of SOM ASEAN Vietnam Nguyen Quoc Dung. The diplomat recently granted an interview to the press on the country’s role and position in 2020, when Vietnam will serve the double roles of Chair of ASEAN and non-permanent member of the UN Security Council, which is both an honour and a heavy task. According to Deputy FM Dung, the theme of Vietnam’s ASEAN Chairmanship Year 2020 is “Cohesive and Responsive,” which reflects Vietnam’s wish to have an ASEAN standing firmly against impacts of regional and international situations.  When uniting, ASEAN will share a common stance and interests, and respond in a consistent manner to regional and global issues, Dung … [Read more...] about Vietnam to promote ASEAN unity during ASEAN Chairmanship Year 2020

Thai Minister of Finance Uttama Savanayana (Source: Bangkok Post) Bangkok (VNA) - The Thai cabinet has approved an additional stimulus package valued at 5.8 billion baht (191 million USD) with a hope of boosting the economy to close to the country’s target of 3 percent. The package announced includes a 2 billion baht consumption promotion programme, reduction of real estate transfer fees worth 2.6 billion baht and low-interest loans from the Government Housing Bank, valued at 1.2 billion baht, said Finance Minister Uttama Savanayana. The additional package comes months after the government rolled out a 316 billion baht stimulus programme. Thailand's economy had its weakest annual growth rate in four years, expanding 2.3 percent in the second quarter, as exports have declined amid rising trade tensions and a strong baht./. VNA … [Read more...] about Thailand takes additional economic stimulus package

World Bank Country Director for Vietnam Ousmane Dione addresses the meeting in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam. MARD Minister Nguyen Xuan Cuong said though the agricultural sector of Vietnam has obtained major achievements, it cannot rest on its laurels due to three challenges, which are the small production scale, climate change impacts and economic integration into the world. He admitted that the country has good agricultural production capacity but the production remains ineffective due to the small scale. Besides, deep processing has just developed for only some commodities like shrimp, tra fish and milk to create products with higher added value. Most of other agricultural products have very short value chains. Vietnamese … [Read more...] about Meeting talks sustainable development of agricultural material areas

Secretary of the HCM City Party’s Committee Nguyen Thien Nhan (R) and JICA President Shinichi Kitaoka At the reception, Nhan spoke highly of JICA’s assistance in promoting Vietnam’s economic growth and enhancing its international competitiveness through policy support, infrastructure development and State administration improvement. JICA has supported HCM City in projects on urban planning, environmental protection and improvement of people’s living conditions, thus contributing to fostering the strategic partnership between Vietnam and Japan, he said. The municipal leader revealed that the city is facing numerous opportunities and challenges in its current development, especially climate change that affects local environment and causes flooding amid degrading technical infrastructure. To solve this problem, HCM City has been building water drainage systems and tide prevention sewers, he said, adding that the city wants to receive JICA support in … [Read more...] about HCM City steps up cooperation with JICA