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Showing support for the ADB’s opinions raised at the forum, Chairman Hue paid special attention to the bank’s recommendations related to the size of a policy package aiding economic recovery. He agreed with the bank that international cooperation holds great importance to increasing resources for economic recovery. He said the lender has always been an important partner of Vietnam, noting that amid the COVID-19 pandemic that remains complicated around the globe and the coming into being of a new variant, the country will have to carry out an economic stimulus package that is big and long enough to maintain and boost driving forces for growth, overcome difficulties caused by the pandemic, and develop sustainably in the time ahead. The top legislator expressed his hope that the ADB will keep assisting Vietnam in the pandemic combat and economic recovery. He called on the bank to provide Vietnam with capital for investment projects and policy advice on sustainable development, as well …

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IMF Regional Resident Representative Francois Painchaud addresses the Vietnam Economic Forum in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – Vietnam is showing signs of socio-economic recovery though the COVID-19 pandemic remains complex, according to Francois Painchaud, Regional Resident Representative of the International Monetary Fund ( IMF ) in the country. Speaking at the Vietnam Economic Forum 2021 on December 5, Painchaud said the this started in the fourth quarter, and the country can achieve a GDP growth rate of 2.5 percent this year and 6.6 percent in 2022. He underlined the importance of enhancing the healthcare capacity to economic recovery, noting that timely fiscal and monetary policies for right groups and tools of restructuring to support development in the long term can help minimise the pandemic’s impact. The official held that the size of fiscal measures in developed economies can be applied to other countries, including Vietnam. More …

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Vietnamese famers have average income of 3.4 million VND/month The Ministry of Agriculture and Rural Development reported that the average income for farmers in 2020 was 43 million VND/year, which is equivalent to under 3.4 million VND/month. In the Draft Strategy for Sustainable Agriculture and Rural Development for the 2021-2030 period (with a vision towards 2050), the Ministry set the goal of raising farmers’ average income and reducing poverty in a sustainable manner. By 2030, the rural population’s income would have to be 3 times higher than in 2020, and poverty rate would fall by 1-1.5 %. Vietnam targets 100,000 IT enterprises, digital economy to contribute 30% GDP At a recent event in Da Nang, Deputy Minister of Information and Communications Phan Tam said that Vietnam has had 58,000 ICT enterprises and has set a target for that number to reach 100,000 by 2025. "The goal is that by 2030, Vietnam will be in the top 50 countries in terms of digital governing, and its …

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