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An overview of the meeting (Photo: VNA) Hanoi (VNA) – The impressive economic growth in the first seven months of this year reflects the efficiency of the policies that have been applied recently, stated Minister of Planning and Investment Nguyen Chi Dung at the meeting between the Prime Minister and businesses that opened in Hanoi on August 11. The minister said that international organisations have shown optimism about the Vietnamese economy, rating the country’s long-term credit as "stable" and "positive". Many economists held that the Vietnamese economic resilience is relatively good currently, he added. The official cited a recent survey as showing that in the second quarter of this year, 70-80% of total businesses highly valued the effectiveness of the Government’s support to businesses amid the COVID-19 pandemic , especially those in taxation. As of the end of July, the country had 871,000 companies, up nearly 13% over 2019. In July alone, more than 130,000 … [Read more...] about Government’s economic stimulation policies prove effective: Minister

Illustrative image (Source: VNA) Hanoi (VNA) – Samsung Electronics ’ plan to manufacture semiconductor products in Vietnam has sparked the hope that the Southeast Asian nation will be a new stop for the semiconductor industry . During his recent trip to Vietnam, CEO Roh Tae-Moon unveiled that Samsung will make an additional investment of 3.3 billion USD in the country this year, enabling the Korean technology giant to start producing semiconductor components in Vietnam by July 2023. In fact, part of the investment commitment has been materialised, with 841 million USD for Samsung Complex HCMC-SEHC in Ho Chi Minh City and 1.18 billion USD for Samsung Electro-Mechanics in the northern province of Thai Nguyen. Since 2019, the tech giant has announced that it will raise investment in the semiconductor industry to a whopping 151 billion USD. When Vice Chairman Lee Jae-yong visited Vietnam in 2020, host leaders expressed their wish that Samsung will invest in the … [Read more...] about Vietnam – new stop for semiconductor producers

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 11. - A Government to Business (G2B) conference was opened on August 11, providing a platform where the Government can explore the private sector’s opinions and proposals. Presided over by Prime Minister Pham Minh Chinh, the hybrid event brought together cabinet members, representatives from Party and National Assembly’s committees, local administrations, industry leaders, and businesses. Read full story - National Assembly (NA) Chairman Vuong Dinh Hue has sent a congratulatory letter to the newly-elected Japanese President of the House of Councillors Hidehisa Otsuji. In the letter, the Vietnamese top legislator showed delight at the progress of the Japan-Vietnam Extensive Strategic Partnership for Peace and Prosperity in Asia, including the ties between the two legislatures. Read full story - The National Assembly (NA) Standing Committee looked into the … [Read more...] about ☕ Afternoon briefing on August 11