Bh economic scenario generator

Participants look at products made from bamboo at the event. (Photo: VNA) Nghe An (VNA) – The sustainable clam and bamboo value chain development in Vietnam (SCBV) project, funded by the European Union ( EU ) and implemented by Oxfam Vietnam in collaboration with Vietnamese partners, has benefited a large number of rural residents and stabilised these production areas in Vietnam, heard a conference in Vinh city of Nghe An on March 23 to review the project. The project covers five provinces of Tra Vinh, Ben Tre, Tien Giang, Thanh Hoa and Nghe An, aiming to contribute to promoting economic development and business efficiency of small-scale firms and processors towards sustainable standards, while strengthening market access and creating favourable policies for inclusive and sustainable development of the clam and bamboo value chain in Vietnam. It also focused on reducing poverty nd inequality in rural areas of Vietnam, assisting clam and bamboo producers and … [Read more...] about EU-funded project promotes sustainable clam, bamboo value chain in Vietnam

The energy transition in Vietnam is tied to the rapid growth of the economy, urbanisation, and industrialisation. We have seen the strong aspiration of the government to speed up the energy transition while meeting the requirements of economic development and the goal of becoming a high-income country by 2045. Energy transition is more seen as a potential engine for employment, and this trend will likely grow, helping to build support for renewables. John Rockhold, head of the Power and Energy Working Group under the Vietnam Business Forum Fossil energy sources are gradually being replaced by green and clean energy sources, reducing greenhouse gas emissions and combating climate change, while Vietnam is one of the first countries to renew its nationally determined contribution to the United Nations Framework Convention on Climate Change in 2020. The roadmap for the country’s transition process towards green and sustainable development will not only need to ensure … [Read more...] about Displaying readiness for the energy transition in Vietnam

The absence in adjustment of power rates, tuition, and hospital fees contributed to an extremely low growth rate of GDP in 2020–2021 or an excessively high one in 2022, as well as relatively moderate inflation throughout 2020–2022. In the first two months of 2023, average core inflation climbed to 5.08 per cent, outpacing the average consumer price index (CPI) growth of 4.6 per cent. Dr. Vu Dinh Anh - Market Price Research Institute Ministry of Finance For 2023, public investment is seen as an economic boost. Investment capital generated from the state budget in February 2023 was anticipated to be almost $1.3 billion, an increase of 36.9 per cent compared to the same month last year. The expected amount of newly registered foreign direct investment up to February 20 was $1.76 billion, which was 2.8 times more than that in the same period in 2022. Slowdown in industrial development and a lack in investment capital are barriers that must be resolved to prevent a downturn … [Read more...] about Focused spending can set a solid base for positive outcome

Hanoi aims to become the leading locality in the development of cultural creative space. The various cultural heritages that exist in Hanoi have significant potential, serving as a foundation and resource for Hanoi's socio-economic growth, particularly in cultural tourism development. Overview of the conference. Photos: Lai Tan/The Hanoi Times Vice Chairman of the Hanoi People’s Committee Ha Minh Hai gave the remarks at an international conference titled “Promoting the role of world cultural and natural heritages in sustainable development for Hanoi” today [March 24]. Cultural heritages as invaluable assets According to Hai, Hanoi is positioned as the political-administrative center of Vietnam and is a significant center for culture, science, education, economy, communication, and international trade. Hanoi is also known as the "Heritage City" and is the leading locality in terms of the number of monuments, he said. “The city’s cultural heritage … [Read more...] about Cultural heritage to propel Hanoi’s future development

As part of the draft national Power Development Plan VIII (PDP8), Vietnam plans to generate 7GW offshore wind capacity by 2030, but the lack of an official strategy is hindering progress. At a conference organised by the Central Economic Committee last week, Mark Hutchinson, chairman of the Southeast Asia Task Force, said, “7GW of offshore wind is crucial for Vietnam for its net-zero goal and for the country’s long-term energy security. Our message has been the same for years – a clearly defined route to the market is needed.” He said that offshore wind deployment was in its early stages and the deployment of the country’s 4GW of offshore wind was not driven by a direct auction mechanism but instead arranged at a time when clear policy measures were not in place. Thus, he called for accelerating a large-scale pilot or mechanism that covers a certain volume of the target, to bypass obstacles and fast track wind power. “There are now two main options: an accelerating mechanism such … [Read more...] about No time to waste in building the offshore wind industry

Deputy for Coordination of International Economic Cooperation of the Coordinating Ministry for Economic Affairs Edi Prio Pambudi (left) during the Strategic Planning Meeting IMT-GT in Bangkok, Thailand, on March 21, 2023. (Photo: ANTARA) Jakarta (VNA) – Indonesian Deputy for Coordination of International Economic Cooperation of the Coordinating Economic Affairs Ministry, Edi Prio Pambudi highlighted that the Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT) cooperation should be strengthened to generate broader benefits for each country. Speaking at the IMT-GT Strategic Planning Meeting, Pambudi said IMT-GT cooperation needs to take into account risks and opportunities from global dynamics and megatrends to realise the IMT-GT Vision 2036. In addition, the development of cooperation between academics and business actors was discussed. Pambudi drew attention to several important issues to be considered in the future, including boosting connectivity to … [Read more...] about Indonesia, Malaysia, Thailand beef up cooperation

The sons of Hanoi held their heads high and persevered in the cause of national liberation in the face of brutality and harassment. The lethal and brutal treatment and torture in Phu Quoc jail could not weaken the determination of the sons of Hanoi to survive and fight for the freedom and independence of their homeland. Former Hanoi imprisoned veterans attend a ceremony on March 22 that honors their sacrifices for national unity and liberation. Photo: Thanh Hai/The Hanoi Times Phu Quoc Prison was built in 1949-1950 under French colonial rule to detain political dissidents and national patriots. From 1963 to 1973, more than 40,000 Vietnamese patriots, soldiers, and communist activists who fought for the liberation of their country were incarcerated in the prison, which was run by the South Vietnamese regime. Located some 90 kilometers from the Vietnamese mainland, Phu Quoc prison was the site of the deaths of some 4,000 people who gave their lives in the … [Read more...] about Hanoi patriots recount memories of captivity

The Nordic Embassies in Vietnam (Denmark, Finland, Norway, and Sweden), have co-operated with the Ho Chi Minh National Academy of Politics to share their experiences on green solutions for circular economy and waste management and policy implications for Vietnam at a seminar held on March 23 in Hanoi. The Nordic Embassies in Vietnam share their experiences on green solutions for circular economy and waste management and policy implications for Vietnam at a seminar held on March 23 in Hanoi. The event, which was held in honor of Nordic Day 2023, aims to provide insight into Nordic policies, initiatives, and innovation in green transition, which can be relevant and applicable to Vietnam in eliminating waste and pollution, circulating products, and regenerating nature. Organised for the fifth time, the event is attended by policymakers from central and local government agencies; representatives from chambers of commerce; business leaders, startups, innovators; … [Read more...] about Nordic countries share solutions for circular economy and waste management

A street in Bangkok capital of Thailand. (Photo: AP) Bangkok (VNA) - Election campaigns are forecast to generate up to 120 billion THB (3.5 billion USD) for the economy of Thailand, said the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce . The centre’s director Thanawat Polvichai said political parties are going into full gear with campaigning for votes after the election date was set for May 14 by the Election Commission. The 120 billion THB generated while campaigning will push Thailand ’s GDP up by 4% in the second quarter, he said, adding that the Thai economy is expected to grow by 3-4% this year. However, rising production costs and inflation can affect the business sector’s profits and liquidity though the economy is believed to pick up in the second half of this year, according to Thanawat./. VNA … [Read more...] about Election campaigns may create 3.5 billion USD for Thai economy

Delegates view some of the clam products at the conference. — VNA/VNS Photo Ta Chuyen The sustainable clam and bamboo value chain development in Viet Nam (SCBV) project, funded by the European Union (EU) and implemented by Oxfam Vietnam in collaboration with Vietnamese partners, has benefited a large number of rural residents and stabilised these production areas in Viet Nam. A conference was held in Vinh City in the central province of Nghe An on March 23 to review the project. The project covers five provinces of Tra Vinh, Ben Tre, Tien Giang, Thanh Hoa and Nghe An, aiming to contribute to promoting economic development and business efficiency of small-scale firms and processors towards sustainable standards, while strengthening market access and creating favourable policies for inclusive and sustainable development of the clam and bamboo value chain in Viet Nam. It also focused on reducing poverty and inequality in rural areas of Viet Nam, assisting clam and bamboo … [Read more...] about EU-funded project promotes sustainable clam, bamboo value chain in Viet Nam