Vietnam’s digital transformation is designed to be based on three main pillars namely institution, infrastructure, and manpower. Digital transformation plays a major role in building an independent and integrated economy, Vietnam’s Prime Minister Pham Minh Chinh made the statement today. The country should not remain outside this process and building successful digital-based economy and society needs to begin with e-government, Chinh, who is also Chairman of the National Committee for Digital Transformation, said at the committee’s 3rd meeting on August 9. The event drew the participation of more than 130,000 officials nationwide, including Deputy Prime Minister Vu Duc Dam and many cabinet members, to discuss the application of population data and electronic identification and authentication for national digital transformation in the 2022-2025 period with a vision to 2030. Vietnam's Prime Minister Pham Minh Chinh speaks at the national meeting on digital … [Read more...] about Digital transformation matters a lot to economic integration: Vietnamese PM
What experts say about smoking
Middlemen to blame for mounting prices
A consumer shops around at a supermarket. Experts said middlemen's high-profit margins are the key behind mounting overall prices. — Photo vneconomy.vn Fuel is the driving force behind mounting overall prices in many countries, but experts believe middlemen are more to blame in Viet Nam. Economic expert Vu Vinh Phu took the sugar industry as an example. He said 70 per cent of Thailand's industry profits are distributed to farmers, whereas 30 per cent go to middlemen. Meanwhile, the reverse is true in Viet Nam, with middlemen taking the lion's share of the pie. Their high-profit margins push up prices, outpacing the impact of fuel. "Normally, products in supermarkets are sold at lower prices than those in marketplaces. Unfortunately, it is not the case in Viet Nam where the former is about 30 per cent more expensive than the latter," he said. The expert attributed middlemen's high-profit margins to the absence of an official goods exchange. Without such an exchange, … [Read more...] about Middlemen to blame for mounting prices
Hanoi, Vientiane to set example in inter-provincial cooperation
The two capital cities will implement new projects in agriculture and education, and raise public awareness of the special Vietnam-Laos relations. Hanoi and Vientiane should set an example at inter-provincial level cooperation to reflect the scale of Vietnam-Laos relations and expectations from leaders and people of the two countries. Secretary of the Hanoi Party Committee Dinh Tien Dung stressed the view during a meeting with his Vientiane counterpart Anouphap Tounalom today [August 9] in Hanoi. Secretary of the Hanoi Party Committee Dinh Tien Dung at the meeting. Photos: Viet Thanh At the meeting, Dung welcomed the visit of Vientiane’s high-ranking delegation to Hanoi on the occasion of the 60 th anniversary of diplomatic relations (September 5, 1962 – September 5, 2022), and the 45 th anniversary of the signing of the Vietnam-Laos Friendship and Cooperation Treaty (July 18, 1977- July 18, 2022). According to Dung, the special Vietnam-Laos relations, … [Read more...] about Hanoi, Vientiane to set example in inter-provincial cooperation
15th NA’s Standing Committee convenes 14th session
NA Chairman Vuong Dinh Hue speaks at the session. (Photo: VNA) Hanoi (VNA) – The 15th National Assembly (NA)'s Standing Committee convened its 14th session in Hanoi on August 9 afternoon, under the chair of NA Chairman Vuong Dinh Hue . In his opening remarks, Hue said that the session will last for two days and a half, during which the committee will look into a draft report on the outcomes of the thematic supervision of policies and laws on thrift practice and anti-wastefulness for 2016-2021. This work is scheduled to be scrutinised during the 15th NA’s fourth session, expected to open on October 20, he added. He went on to say that lawmakers will offer opinions on socio-economic issues regarding the middle-term public investment plan for the 2021-2025 period, and the Government’s proposal for policies aimed at employers and employees affected by COVID-19. An overview of the session. (Photo: VNA) Also at this session, the committee will consider the … [Read more...] about 15th NA’s Standing Committee convenes 14th session
Netherlands helps Mekong Delta agriculture sector to adapt to climate change
Illustrative image (Source: VNA) Can Tho (VNA) – The Department of Agriculture and Rural Development of Can Tho city held a working session with a delegation from the Dutch Embassy on August 9, during which the two sides exchanged views on the Mekong Delta’s sustainable agricultural transformation . Dr. Dang Kim Son, an expert in agricultural policy who led the Dutch delegation, noted that the Netherlands wishes to cooperate with the Mekong Delta and Can Tho city in agricultural transformation, focusing on specific agricultural products and experts. Pham Truong Yen, Deputy Director of the department, pointed out the challenges facing the Mekong Delta, including climate change, rising sea levels and saltwater intrusion, along with small-scale production and a low-quality workforce. The region needs support from the Netherlands in terms of mindset and vision, he said, adding that the Mekong Delta also hopes to learn from the country’s experience in water … [Read more...] about Netherlands helps Mekong Delta agriculture sector to adapt to climate change
Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank
Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank