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Representing the business community, Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry, believes the reform of administrative procedures and investment environment should be an absolute requirement for each locality as they try to attract private capital. In line with this, the Government has asked ministries to cut down at least 20% of the number of documents under their authority between 2020 and 2025. … [Read more...] about Vietnam strives to effectively attract private investment

According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Within the framework of the project, BIMEDTECH manufactured three pilot lots of 1,000 chipsets each under close cooperation and quality testing of leading units in the diagnosis and treatment of blood, lung and heart disease, such as the National Institute of Hematology and Blood Transfusion and the National Lung Hospital. BIMEDTECH will pilot the production of 30,000 chipsets for diagnosis and screening of congenital hemolytic, 10,000 chipsets for identification of 17 atypical tuberculosis strains and 10,000 Clopidogrel-resistant diagnostic chipsets. … [Read more...] about Vietnamese firm pioneers manufacture of diagnostic biochips

Hanoi (VNA) – The Australia-based website Eastasiaforum.org on May 28 ran an article titled “Vietnam’s COVID-19 political gains” affirming that Vietnam has earned international accolades as one of the successful countries in Asia to contain the coronavirus. According to the author, Vietnam may win more than international praise, especially in political terms. The country has been highly transparent in its response to the crisis through broadcasting regularly on television and keeping its citizens updated on the pandemic via text messages, the article wrote, adding that national media is being inundated with public praise over the effectiveness of government and the Party. It affirmed that the effectiveness of the Communist Party of Vietnam’s leadership during the COVID-19 pandemic has helped boost the country’s prestige in the international arena. With only a fraction of the healthcare budget of other successful countries, the performance of … [Read more...] about Vietnam among most successful Asian countries in containing coronavirus: Foreign media