Economic development

The Standing Office of the National Steering Committee for Combating Smuggling, Commercial Fraud and Counterfeit Goods sent a directive document to 11 ministries and departments, asking them for plans to prevent and combat smuggling, and manufacturing and trade of counterfeit goods labeled “Made in Vietnam”. In addition, the Ministry of Industry and Trade has cooperated with relevant ministries and agencies to formulate criteria for goods labeled “Made in Vietnam”. … [Read more...] about Vietnam’s top 10 economic developments of 2019

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has instructed ministries, sectors and localities to quickly build their own development scenarios in accordance with the development of the coronavirus disease (COVID-19), in order to mitigate the impact of the epidemic while striving to fulfill set targets. The instruction was part of an announcement released by the Government Office on the PM’s conclusions regarding the impacts of COVID-19, update on growth scenarios and directions on measures to implement socio-economic targets for 2020. The PM emphasized that with a long border and strong economic-trade exchanges with China, Vietnam is bound to be affected by COVID-19, which requires drastic, synchronous and effective measures to counter the impact in both short and long term. The Ministry of Planning and Investment was assigned to coordinate with relevant ministries and agencies to draft a Directive of the Prime Minister. The draft should assess the development of the … [Read more...] about PM instructs building socio-economic scenarios in COVID-19 epidemic context

Director General of the ministry’s Department of Development, Training and Productivity Bambang Satrio Lelono said the sum will be used for the construction of facilities and upgrade of equipment at vocational training centres. The budget can also enhance company productivity and encourage the national economy, he said. Recently, the Indonesian Ministry of National Development Planning has submitted a medium-term development plan for the 2020-2024 period, with human resources development as the top priority to propel economic growth./. … [Read more...] about Indonesia focuses on human resources development

HCM City (VNA) – Japan on February 21 signed a memorandum of understanding (MoU) with Vietnam’s southern economic hub of Ho Chi Minh City to strengthen the city’s urban railway management capacity. The sides concerned are the HCMC Management Authority for Urban Railways, the HCMC Urban Railway Company Limited No.1, and the Tokyo Metro.  The signing aims to prepare for the operation of the HCM City Urban Railway – Line No.1 and Ben Thanh – Suoi Tien metro line. The Japanese company will share experience in urban railway management, technical cooperation, construction consultancy, and personnel exchange. On this occasion, Japan pledged a non-refundable aid package for HCM City to upgrade the outdated sewer system. Chairman of the provincial People’s Committee Nguyen Thanh Phong said the aid will pave the way for Japanese companies to mobilise capital and utilise technology to implement projects in HCM City. Meanwhile, Japanese Ambassador to … [Read more...] about Japan supports HCM City to develop urban infrastructure

HCM City (VNS/VNA) - The Ho Chi Minh City People’s Committee has approved the construction of three plants to generate electricity from waste using advanced technologies, and work on them will start in September and October, according to the municipal Department of Natural Resources and Environment. Speaking at a press conference on August 26, the department’s director Nguyen Toan Thang said the plants are expected to start running on a trial basis in September next year, and process 50 percent of the city’s solid waste to produce power. They will come up at existing solid waste treatment facilities in Cu Chi district run by the Tam Sinh Nghia Investment Development JSC., Vietstar Joint Stock Company and Tasco Joint Stock Company.  “They would help ensure a healthy living environment and are needed for the city’s green and sustainable economic development.” Using advanced technologies to generate electricity at waste treatment plants is in … [Read more...] about HCM City approves three waste-to-energy projects