Conflict hit regions

For over a month now, relevant personnel at the Ministry of Transport is busy with the final preparations to soon hand over Khanh Hoa-Buon Ma Thuot Expressway to the people’s committees of Khanh Hoa and Dak Lak provinces. In light of Decision No.17/QD-TTg dated July 28, two out of three components under Khanh Hoa-Buon Ma Thuot Expressway will be assigned to two localities having the road passage for management. The 32km-long first component with an estimated investment value of $244.8 million will be assigned to Khanh Hoa's People’s Committee while the 48km-long third component valued at around $282 million will be assigned to Dak Lak's People’s Committee. The 37.5km second component with a value reaching $426.8 million will be managed by the Ministry of Transport (MoT) as the road section lies in both localities and features complex terrain. Building a comprehensive highway network is one of the government priorities With more than 117.8km of total length, … [Read more...] about Huge transport investment expected to vitalise central regions

In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. Overview of the event. Photo: Nguyen Tung Country Director for the World Bank in Vietnam Carolyn Turk revealed the figures at the launch of its bi-annual economic outlook for Vietnam titled “Taking Stock: Educate to Grow” today [August 8]. According to Turk, the global economy has been experiencing a series of very large and negative shocks, including ongoing Covid-19-related disruptions and supply shocks associated with the Russia-Ukraine conflict. In this context, Vietnam’s economy has shown “relative resilience and staged a strong rebound after last year’s Covid-19 induced slowdown,” Turk said. Vietnam’s economic … [Read more...] about Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank

At the conference In November 2020, leaders of the People’s Committees of seven localities signed an agreement on tourism development cooperation. The program will focus on state management of the tourism industry, the development of tourism human resources and tourist products, and tourism promotion. According to a report, seven cities and provinces received a total number of visitors of 17.7 million and earned VND63, 000 billion (US$2.7 billion) in tourism revenue in 2021. In the first six months of this year, the business outcome of tourism activities saw positive signs thanks to tourism reopening policies. The total number of tourists was estimated at around 32.9 million, including one million international visitors while the revenue from tourism was VND87, 900 (US$3.76 billion). Standing Vice Chairman of the People’s Committee of Quang Ngai Province, Tran Hoang Tuan speaks at the event. Speaking at the event, Standing Vice Chairman of the People’s Committee of … [Read more...] about North-Central-South tourism connectivity enhanced

Ly Son Island, a popular destination of Quang Ngai. Illustration. (Photo: tuoitre.vn) Quang Ngai (VNA) – Revenue from travel among Hanoi , Ho Chi Minh City and the five Central Key Economic Zone city and provinces exceeded 63.07 trillion VND (over 2.69 billion USD), heard at a conference on August 8. The conference was held in the district of Tu Nghia, the south-central province of Quang Ngai, to review the two-year cooperation for tourism development among the two metropolises and the central localities of Thua Thien-Hue, Da Nang, Quang Nam, Quang Ngai, and Binh Dinh. The review was expected to lay ground for the continued implementation of initiatives to boost intra-bloc partnership in tourism development post-pandemic. Reports showed that intra-bloc tourist arrivals totalled more than 17,68 million last year, given that the sector was badly hit by COVID-19. Vice Chairman of the Quang Ngai provincial People’s Committee Tran Hoang Tuan addresses the … [Read more...] about Hanoi, HCM City boost tourism linkages with Central Key Economic Zone

A Petrolimex petrol station (Photo: VNA) Hanoi (VNA) – The Vietnam National Petroleum Group (Petrolimex) is adopting a range of solutions in order to complete production and business targets of the third quarter and the entire year of 2022 in the context of unforeseeable fluctuations in petrol prices. One of the solutions is to modernise inventory management while engaging in negotiations with major petrol distributors to ensure supply to meet social demand for petrol. At the same time, the group has taken steps to cut costs in all production and business activities through several projects on centralized fleet management, asset management and customer relationship management. Petrolimex has also worked to increase non-cash payment in retail sales and researched the possibility of building truck stops to provide better services for customers. Under its own plan on digital transformation, the immediate focus is to automate the network of petrol warehouse and retail outlets, … [Read more...] about Petrolimex applies solutions to cope with big fluctuations in petrol prices

The cost of tutoring high school students is the largest amount for family spending at 43%. Vietnam's investment in education has steadily increased over the past 10 years, accounting for 18% of total state expenditure. Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences speaks at the event. Photo: VNIES The information was revealed by Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences (VNIES) under the Ministry of Education and Training at the conference announcing the analysis report on Vietnam's education sector in the 2011 - 2020 period, which was organized by the Vietnam National Institute of Educational Sciences and UNESCO on August 8. Investment in education over the past 10 years was still lower than the targeted 20%. It was equivalent to 4.9% of the country's GDP, higher than many nations in the region, according to the report. The Ministry of Education and Training is facing many challenges … [Read more...] about Vietnam’s investment in education accounts 18% of total state expenditure

Hanoi is committed to working closely and effectively with Ho Chi Minh City and the Central Key Economic Zone in tourism. The link between Hanoi, Ho Chi Minh City, and the Central Key Economic Zone [comprising five localities of Thua Thien - Hue, Danang, Quang Nam, Quang Ngai, and Binh Dinh] is very important in the tourism development of those localities and the whole country. Nguyen Hong Minh, Deputy Director of the Hanoi Department of Tourism, emphasized the need for closer connection at the preliminary conference on tourism development linkage between Hanoi, Ho Chi Minh City, and the five localities for 2021-2025 on August 8 in Quang Ngai Province. tourism in Hanoi and six cities and provinces have had positive results in the past time. Photo: Sun Group After two years of implementation, despite difficulties due to the Covid-19 pandemic, the city along with other provinces and cities has actively exchanged information, built new orientations in local … [Read more...] about Hanoi strengthens tourism cooperation with Central Key Economic Zone

ASEAN Online Sale Day 2022 kicked off on August 8, drawing more than 300 businesses from the region. (Photo: VNA) The three-day event is intended to promote cross-border e-commerce and open up cooperation opportunities for regional firms. Co-hosted by Cambodia – ASEAN Chair 2022, Singapore and Vietnam, the program has two tiers for domestic and cross-border transactions. There are currently 185 enterprises out of the 300 firms that have registered to conduct business in Vietnam. Information about the event as well as the participating businesses is available on its official website at www.onlineasean.com, which has been integrated into ASEAN’s website asean.org. Notably, the Online Dispute Resolution (ODR) will be applied during this year’s program to ensure rights and interests of consumers. Reputable e-commerce businesses and platforms in the ten ASEAN countries will launch a series of special discounts for consumers. Enterprises and platforms will coordinate to … [Read more...] about More than 300 businesses attend ASEAN Online Sale Day 2022

“Thanks to the effective pandemic response and guided by the ASEAN Comprehensive Recovery Framework (ACRF) and its Implementation Plan, we have emerged safer, stronger, and more resilient as a community,” he said at the event, held by the ASEAN Secretariat at its headquarters in Jakarta to mark ASEAN’s 55th founding anniversary. ASEAN trade volumes have returned to pre-pandemic levels and the association’s economy is forecast to grow by 4.9% this year and 5.2% next year. “The entry into force of the Regional Comprehensive Economic Partnership (RCEP) earlier this year demonstrates ASEAN’s pivotal role in contributing to regional peace and growth, bettering the life of our people, and providing opportunities for all.” According to the Secretary General, in spite of these achievements, ASEAN must remain vigilant against the ever present risks to its recovery, including disruptions to the supply of key commodities, rising costs in food and logistics, and the economic slowdown in … [Read more...] about 55th ASEAN Day Celebration solemnly held

It has also become the fifth largest economic community in the world, a reliable and important partner of countries, and played a central role in dialogues, important cooperation and connectivity in the region. In an article in celebration of ASEAN’s 55th birth anniversary (August 8, 1967 - 2022), Vietnamese Foreign Minister Bui Thanh Son recalled that the birth of ASEAN on August 8, 1967 was the start of the process of an intensive connectivity for peace, stability, and development in Southeast Asia and the region. Building an ASEAN Community with common vision and identities The grouping gathered countries divided by war. Its inception reflected the common aspirations of many countries in the region for peace, stability, friendship, and win-win cooperation. According to FM Son, Vietnam’s admission to ASEAN in 1995 paved the way for the building of an ASEAN common house connecting 10 Southeast Asian countries. In 1997, ASEAN, for the first time, approved the ASEAN Vision … [Read more...] about 55 years of ASEAN – One vision, One identity, One community