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Hanoi (VNA) - The following is a list of selected news summaries reported last weekend by the Vietnam News Agency. - Prime Minister Pham Minh Chinh has required utmost efforts  to fulfil to the highest possible level the targets and tasks for 2023 while chairing the regular Government meeting for September and an online meeting between the Cabinet and localities on September 30. He emphasised the need to strongly promote growth drivers, speed up industrial production development, especially the manufacturing-processing industry in the context of continued difficulties and challenges in the world situation as well as in the country. Read full story - The Ministry of Transport said it has approved adjustments to the project reviewing, evaluating and recommending the results of research on planning for international airports of Da Nang, Cam Ranh and Phu Quoc for the 2021-2030 period with a vision toward 2050, and the planning scheme for Con Dao airport for the 2021-2030 period. … [Read more...] about ☀️ Morning digest October 2

Practical power direction can propel SOE fortunes At a seminar last week co-hosted by VIR and the Commission for the Management of State Capital at Enterprises (CMSC), Pham Van Son, head of the CMSC’s General Department, said that the 19 groups and corporations under it have undergone significant changes in the past few years. As of the end of 2022, the total consolidated ownership capital of these groups and corporations accounted for approximately 63 per cent of the total equity and 65 per cent of the total assets of state-owned enterprises (SOEs). “In comparison to 2018, the total consolidated equity increased from over $45.6 billion to more than $49.6 billion, and the total consolidated assets rose from over $98.5 billion to $103.8 billion. Key production and business indicators achieved annual growth,” he said. Notably, these 19 groups and corporations have received approval, implemented, and completed investments in 185 group A projects and 455 group B projects. Since … [Read more...] about Practical power direction can propel SOE fortunes

The target of a gross domestic product (GDP) growth rate of six percent this year is a big challenge to Vietnam as the country needs to achieve an economic expansion of 10.4 percent in the last quarter of the year. The International Monetary Fund has recently forecast Vietnam’s GDP growth for this year at 4.7 percent. Meanwhile, at a Cabinet meeting chaired by Prime Minister Pham Minh Chinh on Saturday, the government chose six percent as the best-case scenario. The target is tough although it is lower than the 6.3 percent set early this year. The Southeast Asian nation’s GDP expanded 4.24 percent in the January-September period, according to the General Statistics Office. The agro-forestry-fishery, industry and construction, and service sectors grew 3.43, 2.41, and 6.32 percent, contributing 9.16, 22.27, and 68.57 percent to the GDP growth, respectively. Industry and construction, which used to be the main driving force of the local economy, has seen its importance … [Read more...] about Vietnam’s 2023 GDP growth target of 6 percent challenging