Define development economic

Hanoi (VNA) – The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth 2021 during a seminar held in Hanoi on January 15. The event was co-hosted by the CIEM and the Australia Supports Economic Reform in Vietnam (Aus4Reform). Accordingly, Vietnam could achieve a growth rate of 5.98 percent in the first scenario and 6.46 percent in the second scenario. The average inflation was estimated at 3.51 percent and 3.78 percent, respectively. Export was expected to grow by 4.23 percent in the first scenario and 5.06 percent in the second scenario. Trade surplus was forecast to stand at 5.49 billion USD and 7.24 billion USD, respectively. Nguyen Anh Duong, head of the CIEM's General Research Department, said the forecast is based on several risks in 2021, including COVID-19 vaccine accessibility, uneven economic recovery in partner markets, monetary loosening in several Asian nations and more trade defence … [Read more...] about CIEM issues two scenarios for economic growth for 2021

At the event Participants focused discussions on a draft action plan on implementing tasks and solutions for socio-economic development and State budget estimates for 2021, and a report on preparations to ensure a happy Lunar New Year (Tet) holiday for all people in the city. … [Read more...] about Hanoi launches socio-economic development tasks for 2021

HCM City (VNS/VNA) - The Ho Chi Minh City University of Economics earlier this week launched the Institute of Smart Cities and Management (ISCM), whose mission will be to mobilise international cooperation in addressing urban issues globally. The launch was attended by officials from economics, urban studies, transport, and environment universities and organisations from Asia, Europe and the US. Su Dinh Thanh, Rector of the HCM City University of Economics, said the institute aims to become a smart city training and research institute that uses technology and critical thinking as powerful tools to solve urban problems of the future.  “I believe that ISCM and our partners will contribute to improving the quality of education and urban life through three activities — integrated education, research and development, and solving practical problems through projects.” Dr Trinh Tu Anh, director of the new institute, said it aims to develop education integrated … [Read more...] about University sets up Institute of Smart Cities and Management

Tourism has become a spearhead economic sector. Dozens of large-scale tourism projects have been carried out, with an array of high-end resorts serving both domestic and international visitors. The Bai Truong tourism complex is being formed, giving the Phu Quoc urban area a facelift. … [Read more...] about Phu Quoc island city draws $16.5 billion in investment

HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets