International organisations upbeat on Vietnam’s development prospects: PM

Many prestigious international organisations and experts have highly valued Vietnam’s development achievements and prospects, Prime Minister Pham Minh Chinh told a government meeting in Hanoi on August 3.

The leader cited forecast by Standard Chartered, VinaCapital, Hongkong and Shanghai Banking Corporation Limited (HSBC), and the Asian Development Bank (ADB) as saying Vietnam’s GDP will grow from 6.5% to 6.9% this year.

PM Pham Minh Chinh speaking at the Government meeting.

Vietnam has maintained macro-economic stability and major balances, and put inflation under control, creating an important foundation for rapid, sustainable socio-economic recovery and development, he emphasised.

Regarding tasks and solutions in the time ahead, the PM asked ministries and agencies to implement their set tasks and plans, and tackle both pending and emerging issues.

Priorities should be given to consolidating institutions, he said, urging ministries, agencies and localities to focus on socio-economic recovery and development, economic restructuring, growth model reform and improving the economy’s resilience, along with cultural development, environmental protection, national defence and security, external affairs, and the communication work.

Given the huge tasks ahead, the PM highlighted the role of heads of agencies, and the need to keep a close watch on the situation and set out feasible targets and solutions.

The Ministry of Planning and Investment reported at the meeting that the domestic monetary market has remained stable with credit growth of 9.42%. Budget collection in the first seven months of this year fulfilled 77.8% of the estimate and rose 18.1%.

The index of industrial production (IIP) expanded 8.8% during the seven-month period, and the rise was seen in 61 out of the 63 cities and provinces.

Export-import also increased 14.8%, with export up 16.1% and import up 13.6%, and a trade surplus of 764 million USD.

Regarding the Covid-19 pandemic, the Ministry of Health said the country recorded more than 9 million cases between January and July, of which some 8.5 million have recovered. The death toll stood at nearly 11,000 or 0.1% of the caseload.

As of July 31, Vietnam administered more than 246 million doses of Covid-19 vaccines, among the countries with the highest vaccination coverage worldwide as recognised by the World Health Organisation.

Bac Giang targets developing key agricultural products

From now to 2025, the northern province of Bac Giang will focus on developing seven key agricultural products with the goal of improving productivity and product quality to meet the requirements of domestic and export markets, said Director of the provincial Department of Agriculture and Rural Development Duong Thanh Tung.

 

Japan shares experiences to help Vietnam develop circular economy roadmap

A workshop took place in Hanoi on July 6 to share Japan’s experiences and policy suggestions for Vietnam in developing a roadmap to implement circular economy.

 

Development of e-contracts in Vietnam crucial to digital economy

The development of e-contracts in Vietnam is crucial to the country’s digital economy, helping businesses to effectively manage and save costs and time while creating a professional working environment.

 

Luc Nam district attracts investment in tourism development

(BGO) - With a system of landscapes, cultural and historical relic sites in harmony with natural beauty and human works, Luc Nam district of Bac Giang province owns many advantages for tourism development. In recent years, the district has taken many ways to attract investment and accelerate the growth of the tourism industry.

 

Yen The develops 10 more ha of VietGAP tea

(BGO) – Implementing the Project of sustainable agriculture development in Yen The district in 2022, the district Agriculture Service and Technique Center cooperated with the People’s Committee in Xuan Luong and Canh Nau communes to support tea production under VietGAP standard in 10 ha (5 ha in each commune) with total cost of over 300 million VND (nearly 13,000 USD).

 

Source: NDO/VNA