Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum
What helps boost metabolism
Vietnamese, Lao N.A.s share experience in designing post-pandemic socio-economic recovery policies
The Lao N.A. leader said that the event is a good chance for both sides to learn from each other to promote post-pandemic socio-economic recovery and development. For his part, N.A. Chairman Hue underlined that COVID-19 pandemic has posed problems to most countries around the world, including Laos and Vietnam. He highlighted the Vietnamese N.A.’s close coordination with the Government and relevant agencies to collect ideas from voters, people, experts, scientists and the business community inside and outside the country on measures to respond to the pandemic. He noted that the Vietnam Economic Forum held in 2021 connected a large number of experts and scientists who shared practical experience and suggested policies for Vietnam. In January, the N.A. of Vietnam held an extraordinary session to consider a number of important issues regarding socio-economic development, including new, breakthrough policies, as well as the launch of a 347-trillion VND (about 17 billion USD) package … [Read more...] about Vietnamese, Lao N.A.s share experience in designing post-pandemic socio-economic recovery policies
Vietnamese, Lao NAs share experience in designing post-pandemic socio-economic recovery policies
National Assembly Chairman Vuong Dinh Hue (L) and his Lao counterpart Saysomphone Phomvihane co-chair the event. (Photo: VNA) Vientiane (VNA) – National Assembly Chairman Vuong Dinh Hue and his Lao counterpart Saysomphone Phomvihane co-chaired a conference to share experience in designing mechanisms and policies supporting post-pandemic socio-economic recovery and development in Vientiane on May 16. The Lao NA leader said that the event is a good chance for both sides to learn from each other to promote post-pandemic socio-economic recovery and development. For his part, NA Chairman Hue underlined that COVID-19 pandemic has posed problems to most countries around the world, including Laos and Vietnam. He highlighted the Vietnamese NA’s close coordination with the Government and relevant agencies to collect ideas from voters, people, experts, scientists and the business community inside and outside the country on measures to respond to the pandemic. He noted that … [Read more...] about Vietnamese, Lao NAs share experience in designing post-pandemic socio-economic recovery policies
Vietnamese PM receives leaders of U.S. companies in New York
Meeting with CEO of Warburg Pincus Charles Kaye, PM Chinh noted that in the time ahead, it is necessary to improve the effectiveness of funding and focus on the key areas that can boost other fields. He stressed Vietnam is investing efforts in developing strategic infrastructure, including digital and transport infrastructure, digital transformation, climate change fight, the capital market, and digital transition, calling on the private equity firm to promote sources of investment into Vietnam in these areas. Clarifying the issues of Warburg Pincus’s concern like the cooperation capability of Vietnamese companies, macro-economic stability, infrastructure, and logistics, the PM affirmed that the Vietnamese Government is ready to hold dialogue with enterprises so as to field their questions and help them operate successfully in the country, which shows the mutual trust, sincerity, sense of responsibility, and win-win cooperation. He also asked enterprises, including Warburg … [Read more...] about Vietnamese PM receives leaders of U.S. companies in New York
