Brace with impact

Agro-product providers and exporters defy the impact of a sharp increase in fertiliser prices Since early this year, fertiliser prices consecutively broke records with the latest price between VND16-18 million ($700-780) per tonne – the highest level in the past 50 years, according to the Department of Plant Protection under the Ministry of Agriculture and Rural Development (MARD). The selling price of URE Ninh Binh and Ha Bac climbed to VND17.5 million ($760) per tonne, while diammonium phosphate fertiliser registered the biggest rise to reach VND22 million ($950) per tonne. An MARD report showed that in 2021, Vietnam imported 5.1 million tonnes of fertilisers, and in the first four months of 2022, the figure was over 880,000 tonnes. Nguyen Tri Ngoc, vice chairman of the Vietnam Fertiliser Association said, “The fertiliser price hike is attributed to the inadequate supply of these products because of the Russia-Ukraine conflict. Russia and Belarus make up nearly half of the … [Read more...] about Agro-product providers and exporters defy impact of sharp increase in fertiliser prices

DigiSpark aims to inspire and mobilise all employees to build the future-fit digital capabilities that we need to be successful in driving the company’s growth and people’s development in a fully digitised world. The event will feature our leaders talking about the vital role digital is playing in Unilever’s future and our strategic priorities. Providing a further perspective, external speakers will cover digital trends that are impacting our business. This is an opportunity for everyone at Unilever to learn more about the future of work and how to get future-fit with our One Unilever digital upskilling programme. The DigiSpark event is a part of Unilever’s digital transformation programme, Digital 4 Growth, which began in 2021 and continues to accelerate the company’s strategic choices this year. The key deliverables are to: Implement Digital Marketing and Commerce Hub’s globally, enabling faster and more effective digital asset creation and deployment to … [Read more...] about DigiSpark: Your window to our digital world

The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t

Vietnam ranked 51th out of 165 countries and territories in terms of progress toward the UN’s sustainable development goals (SDGs), 30 places higher compared to five years ago. Vietnam remains committed to contributing to peace, stability, and inclusive growth for development and prosperity in the region and the world. Deputy Prime Minister Vu Duc Dam at the event. Source: VNA Deputy Prime Minister Vu Duc Dam gave the remarks at the 78 th session of the UN’s Economic and Social Commission for Asia and the Pacific (ESCAP), currently underway in Bangkok, Thailand from May 22-23. The event, themed “A common agenda to advance sustainable development in Asia and the Pacific”, drew the participation of high-ranking officials from 51 member countries of ESCAP. In his speech, Dam stressed the significance of this session, which coincided with the 75 th anniversary of ESCAP’s establishment, as well as the body’s contribution to socio-economic development in the … [Read more...] about Vietnam remains committed to inclusive growth for world’s prosperity

Guided by the theme “A common agenda to advance sustainable development in Asia and the Pacific,” the annual session brought together leaders, senior government officials and about 700 representatives of 51 countries and territories which are ESCAP members, and President of the U.N. General Assembly Abdulla Shahid and U.N. Secretary-General António Guterres. In his speech, Deputy PM Dam underlined the special meaning of this year’s session which marks the 75th founding anniversary of ESCAP, and upheld the Commission’s contribution to socio-economic development of the region which have lifted hundreds of millions out of poverty and seen the development of some of the world’s large and most dynamic economies. He expressed a concern that countries, particularly developing ones, are struggling with the huge multi-faceted impacts of the COVID-19 pandemic, natural disasters and climate change. They are also encountering many difficulties in accessing resources for recovery, green growth, … [Read more...] about Deputy PM addresses 78th session of ESCAP

The Government says that daily-life wastewater and wastewater from craft villages and industrial clusters are generated more Today’s report of the Government on environmental protection has just been sent to the National Assembly warning that environmental pollution in some places is at risk of exceeding the tolerance threshold of ecosystems, affecting many aspects of economic life - society, locals’ living conditions, and health condition. Worse, residential areas in rural provinces don’t have a centralized domestic wastewater collection and treatment system which is also one of the reasons why environmental pollution is still complicated. Investment requirements for domestic wastewater treatment are an urgent issue while the country’s capital is limited and socialization policies are not effective. The Government said that daily-life wastewater and wastewater from craft villages and industrial clusters are generated more and more while the collection and treatment … [Read more...] about Just 15 percent of urban wastewater treated

“The NA will consider and decide many important issues with significant impacts on the national socioeconomic development,” stated NA Chairman Vuong Dinh Hue at the opening ceremony. The National Assembly will discuss and adopt many laws and issues during its third session The session will debate and adopt five draft laws and three draft resolutions, and look into six other laws. The draft laws to be passed include the Law on Mobile Police, the revised Law on Cinematography, the Law on Insurance Business (amended), the Law on Emulation and Reward (amended), and the law amending articles of the Law on Intellectual Property. The draft laws to be advanced for discussions include the Oil and Gas Law (amended), the Law on Domestic Prevention and Control (amended), the Law on Inspection (amended), the Law on the Implementation of Democracy at Grassroots Levels, the law amending and supplementing articles of the Law on Radio Frequencies, and the Law on Medical Examination … [Read more...] about National Assembly to debate issues crucial to socioeconomic development

HÀ NỘI — The Vietnam Red Cross Society (VRCS) and its Canadian counterpart have agreed to support each other in humanitarian activities and look towards a long-term cooperation agreement in the future. Vice President and Secretary General of the VRCS Nguyễn Hải Anh told visiting President and CEO of the Canadian Red Cross (CRC) Conrad Sauvé during their talks in Hà Nội on May 21 that he is delighted at the fruitful cooperation between the two countries and the associations. Anh spoke highly of the Canadian government and the CRC for their support to Viet Nam, both material and spiritual, and in international activities. The VRCS will further back the CRC to engage in the executive councils of the International Red Cross and the Red Crescent Movement, and support its Canadian counterpart in movements. Sauvé said both Việt Nam and Canada face challenges such as climate change and natural disasters, and possible risks relating to the COVID-19 pandemic and socio-economic impacts of … [Read more...] about Việt Nam, Canada red cross societies eye long-term cooperation

Ambassador Lê Thị Tuyết Mai. Photo vtv.vn Deputy Prime Minister Lê Minh Khái is attending the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland. Ambassador Lê Thi Tuyết Mai, Head of the Permanent Delegation of Việt Nam to the United Nations, World Trade Organization (WTO) and other international organisations in Geneva, talks to VTV News on relations between Việt Nam and WEF, as well as issues surrounding the content of this year's forum. The World Economic Forum Annual Meeting 2022 (WEF Davos Conference 2022) has the theme "History at a turning point: Government Polic ies and Business Strateg ies". This will be the first live event promoting public-private cooperation between leaders of countries, international organi sations and global corporations since the COVID-19 pandemic. Could you please tell us more about the issues that will be discussed at the Conference, as well as the purpose, meaning and comments on this year's topic? The … [Read more...] about Việt Nam commits to working with global community in tackling global issues

GENEVA — The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. Reversing previous expectations for recovery, the majority of respondents to the latest survey expect only a moderate economic outlook in the United States, China, Latin America, South Asia and Pacific, East Asia, sub-Saharan Africa and the Middle East and North Africa in 2022. In Europe, the majority expect the economic outlook to be weak. The choices of both business and government are expected to lead to greater fragmentation in the global economy and unprecedented shifts in supply chains, creating a perfect storm of volatility and uncertainty. These patterns are expected to create further difficult trade-offs and choices for policy-makers, and – without greater coordination – shocking human costs. These are the … [Read more...] about Chief economists outlook warns of dire human consequences from the fragmentation of the global economy