Define development in economics

Hanoi will also boost the mobilisation and efficient use of resources, continue to restructure budget spending, improve the quality of and effectively use human resources, promote innovation, strongly apply and develop science and technology, accelerate administrative reform, maintain citizen reception and the settlement of complaints and denunciations, and strengthen inspections of and prevent corruption and wastefulness, he added. … [Read more...] about Hanoi launches socio-economic development tasks for 2021

Hanoi (VNA) - Chairman of the Hanoi People’s Committee Chu Ngoc Anh suggested Samsung provide the city with technical support in developing smart city and smart transport and promoting digital transformation. He made the suggestion during a January 14 meeting with the General Director of Samsung Vietnam, Choi Joo Ho, who paid a courtesy call to report on the Republic of Korea (RoK) company’s projects in Hanoi. Choi said that work on Samsung’s Research & Development (R&D) Centre in Hanoi started last March and is on schedule, with 23 percent completed. Once opened, the centre will employ about 3,000 tech engineers primarily responsible for developing software, the 5G network, artificial intelligence (AI), and Big Data, he said, adding that this will contribute to economic growth in Hanoi and Vietnam at large. Samsung Vietnam is committed to strictly complying with local regulations and ensuring workplace safety. He also asked for continued support from … [Read more...] about Samsung urged to back Hanoi in smart city development

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