Vietnam must move forward with plans to design additional programmes to support firms in the digital transformation process in terms of funding, knowledge, and information in the technology market to help them grasp technological changes occurring globally, according to insiders. Illustrative photo Experts in the sector made the statement at the launching conference held on May 20 to unveil the Vietnam Annual Economic Report 2022 running with the theme of "Strengthening digital platform for the service sector” in Hanoi. Upon addressing the conference, Nguyen Quoc Viet, deputy director of the Vietnam Institute for Economic and Policy Research (VEPR), revealed that the 69% of businesses in the nation have been forced to temporarily suspend their operations due to the COVID-19 pandemic. Despite the pandemic significantly affecting several sectors such as service, accommodation, food, and tourism, it has yet to exert a serious impact on the digital … [Read more...] about Businesses require support in digital transformation
Cheryl creuzot wealth development strategies
HCMC, Southern provinces boost linkage for tourism development
Dong Thap is famous for its lotus fields. According to the Institute for Tourism Development Research under the Vietnam National Administration of Tourism (VNAT), the Mekong Delta has a special and diversified ecosystem featuring different habitat types of the sea, islands, river gates, mangrove forest, islets, biosphere reserves, national parks, nature reserves, typical diversified natural resource, unique culture and history creating oriental multiple cultural identities of the region. Globalization and international integration have created a driving force for tourism development, a connection between the Mekong Delta region and HCMC along with areas across the country and nations. The tourism growth of the Mekong Delta and HCMC will affect the socioeconomic development of localities in the region. Moreover, tourism also provides chances to introduce cultural values, landscapes and Vietnamese people to international friends and offers cooperation opportunities among provinces … [Read more...] about HCMC, Southern provinces boost linkage for tourism development
Vietnam calls for ensuring food security for global peace and development
During the debate, the Vietnamese diplomat said Vietnam shares the international community's common concern about increasing challenges facing the global food system due to the impacts of the COVID-19 pandemic, climate change and natural disasters. This seriously affects the food security of countries, especially developing countries and countries with conflicts, he said. Besides humanitarian efforts, sustainable measures are needed to strengthen the capacity of developing and conflict-affected countries to secure food supplies and improve living standards for people, as well as promote the settlement of root causes of conflicts, peace building, and conflict prevention, Giang stressed. He spoke highly of efforts made by the U.N., the Food and Agriculture Organisation (FAO), the U.N. World Food Program (WFP) and international donors in responding to hunger, and suggested the U.N. and its partners promptly share information on food insecurity caused or aggravated by conflicts, thus … [Read more...] about Vietnam calls for ensuring food security for global peace and development
Vinh Phuc province gives priority to supporting industry development
Illustrative image (Photo: VNA) Vinh Phuc (VNA) – The northern province of Vinh Phuc is adopting a number of mechanisms and policies to attract investment in the development of supporting industries, considering it as an important step to build a sustainable industry . Supporting industries in Vinh Phuc have created jobs for tens of thousands of workers with stable incomes. The average salary for manual labourers in the industries is between 6 to 8 million VND per person per month while a technical or skilled worker earns up to 15 million VND per month. Vinh Phuc province has set the goal of having more than 50 enterprises engaged in supporting industries that are eligible to become first-tier and second-tier suppliers for large economic groups and at least 10 enterprises in the industry that meet international standards and participating in the global supply chains by 2025./. VNA … [Read more...] about Vinh Phuc province gives priority to supporting industry development
Transport infrastructure development key to Mekong Delta growth
Largest food producer, exporter The Mekong Delta boasts huge potential and advantages for agricultural development and is one of the largest, most fertile plains in Southeast Asia in particular, and the world in general. It is Vietnam’s largest producer and exporter of food, aquatic products, and fruits – contributing about 50 percent of rice output, 95 percent of rice exports, nearly 65 percent of aquaculture production, 60 percent of fish exports and nearly 70 percent of all fruits. Harvesting rice in Can Tho The Mekong Delta’s rice output has increased from 4.5 million tonnes in 1976 to nearly 25 million tonnes. In 2017, the prime minister issued Resolution 120 to promote the Mekong Delta’s climate-smart sustainable development, which set goals to 2050 and a vision to 2100 for the region’s prosperity and safe, sustainable development. Policies for the region were improved, focusing on sustainable agricultural development and modernization, urban and … [Read more...] about Transport infrastructure development key to Mekong Delta growth
Vietnam National University moved to Hanoi’s outskirt
The Vietnam National University's Hoa Lac campus is ready with all facilities and equipment for educational and research activities. The Vietnam National University (VNU)’s headquarter has been relocated to its newly built campus in Hoa Lac on Hanoi's outskirt this week. The campus is expected to be the most modern and advanced university town in Southeast Asia. Planned to cover about 1,113.7 hectares, the campus includes the Polytechnic School, a research center, and offices of the management board. Built with a total investment of VND22 trillion (nearly US$950 million), the college town consisting of nine member universities, eight institutes, 13 research centers, and four specialized high schools will provide training for more than 41,000 students. A bird's eye view of the Center for Library Information and Digital Knowledge in the VNU-Hanoi campus in Hoa Lac. Photo: VNU Currently, the VNU-Hanoi student population on the Hoa Lac campus has numbered … [Read more...] about Vietnam National University moved to Hanoi’s outskirt
Unresolved bad debt remains at high level
It is the information stated in the Government's report No.174/BC-CP sent to the NA to prepare for the third session. According to the report, in case Resolution No.42 cannot continue to be implemented, the volume of bad debts determined under Resolution No.42 that has not been resolved, including newly arisen bad debts, is expected to reach VND430 trillion ($18.6 billion) at the end of 2022 and VND443 trillion at the end of 2023. After handling a large number of bad debts in 2018 and 2019, the bad debt settlement speed in 2020 and 2021 tended to slow down due to the impact of the Covid-19 pandemic on the financial situation. Therefore, to continue to achieve the goal of handling and controlling the bad debt ratio of the system of credit institutions in the coming time is a big challenge for the banking industry, requiring the participation of the political system, the close coordination of ministries, agencies, and localities in implementing solutions on handling bad debts, … [Read more...] about Unresolved bad debt remains at high level
Venezuela university opens faculty on Vietnamese nation
Vietnamese Ambassador to Venezuela Le Viet Duyen (third, right) and UNEFA Rector Pascualino Angiolillo at the launching ceremony (Photo: VNA) Addressing the launching ceremony, Vietnamese Ambassador to Venezuela Le Viet Duyen thanked the UNEFA for organizing the event. He stressed that President Ho Chi Minh's life and revolutionary career is an epic of patriotism and revolutionary heroism. The national leader, who devoted his whole life to the national liberation, independence freedom of the nation and happiness of the people, is an example for nations that are struggling to advance to socialism, including Vietnam and Venezuela, said the ambassador. He expressed his hope that through the research of Vietnamese nation and Ho Chi Minh ideology in all fields as well as the national struggles, Venezuelan friends will draw useful lessons to overcome hard time and build a country of peace and prosperity. The ambassador said he believes that UNEFA will become a center for education … [Read more...] about Venezuela university opens faculty on Vietnamese nation
PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament
The host described his guest’s official visit as highly important to promoting the two countries’ strategic partnership. He expressed his delight that despite the COVID-19 pandemic’s impacts, bilateral trade has still been on the rise, and Singapore is the largest ASEAN investor in Vietnam with 2,866 valid projects worth 67.56 billion USD. The two sides should increase all-level mutual visits and effectively implement bilateral cooperation mechanisms and agreements, especially the Vietnam - Singapore ministerial meeting on economic connectivity. Besides, their parliaments should continue supporting connections in post-pandemic economic recovery and development, with focus on the areas of Singapore’s strength and Vietnam’s demand like innovation, green energy, digital economy, and supply chain diversification, PM Chinh suggested. Sending thanks to Singapore for its precious and timely provision of medical supplies and COVID-19 vaccines, the Government leader of Vietnam asked both … [Read more...] about PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament
Vice State President meets with Army Corps 12 and Truong Son – Ho Chi Minh Trail Traditional Association
The meeting aimed to celebrate the 63rd anniversary of the Truong Son – Ho Chi Minh Trail and the Foundation Day of the Truong Son Army Corps (May 19, 1959-2022). At the working session, Senior Colonel Nguyen Huu Ngoc, Commander of Army Corps 12 shared that Army Corps 12 is the successor of Corps 559 – Truong Son soldiers. During the 16-year struggle against the U.S imperialists, Truong Son soldiers, together with volunteer youths and the front-line conscripted laborers, overcame numerous difficulties and hardships to build the legendary Truong Son Trail, contributing to liberating the South and unifying the nation. When peace was restored, Truong Son soldiers were responsible for economic missions. Since 1989, Army Corps 12 has been a State-owned enterprise, implementing economic-defense missions under the business name of Truong Son Construction Corporation. Amid the complicated developments of the COVID-19 pandemic in 2020 and 2021, the army corps fulfilled its assigned … [Read more...] about Vice State President meets with Army Corps 12 and Truong Son – Ho Chi Minh Trail Traditional Association