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Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

The PM also urged the experts to suggest measures to achieve the dual goal of fighting the pandemic and restoring socio-economic development, tap opportunities from signed free trade agreements, and perfect  business administration mechanisms for State-owned enterprises. … [Read more...] about PM asks experts to study new driving force for development

Soc Trang (VNA) - The poverty rate in the Mekong Delta province of Soc Trang fell from 17.89 percent in 2016 to 2.66 percent in 2020 thanks to the effectiveness of the National Target Programme on Sustainable Poverty Reduction. The result was revealed by Ma Chi Thanh, Deputy Director of the provincial Department of Labour, Invalids and Social Affairs during a conference reviewing the five-year implementation of the programme in the Mekong Delta province on January 19. Thanh said that the number of poor households in Soc Trang was more than 57,800 in 2016, with Khmer ethnic minority families accounting for nearly 27 percent of the total. Five years later, the number was brought down to just over 8,610, or 2.66 percent of the total, he noted, adding that only 4.13 percent of Khmer ethnic minority households were classified as poor last year. The poverty rate declined more than 3 percent annually over the last five years - higher than the goal set by the provincial Party Committee … [Read more...] about Soc Trang: Poverty rate plunges to 2.66 pct. in five years

According to the Global Cancer Observatory (Globocan2020), in Việt Nam, breast cancer ranks first among all types of women’s cancer, the number of new cases is 21,555 people, accounting for 25.8 per cent of cancer incidents in both genders, taking third place (after liver and lung cancer). The average age of breast cancer incidence in women is 34.2 per 100,000 people. In both genders, breast cancer mortality rate ranks fourth (with 9,345 cases) after liver cancer, lung cancer and stomach cancer. The age-standardised mortality rate of breast cancer is 13.8 per 100,000 people. — VNS … [Read more...] about Health ministry, VMA sign partnership agreement on breast cancer treatment in VN

Hanoi (VNA) – Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18. In the article, the author cited data from the World Bank as saying that the country’s  gross domestic product (GDP) grew by 7 percent in 2019, similar to 2018, one of the fastest growth rates in the region. It is argued that if Vietnam can maintain a 7 percent increase in economic growth over the next decade, the country will follow the same trajectory as the previous "Asian Tigers,”  according to the article. International trade was also progressively liberalised, with the signing of various free trade agreements, it said, adding that the World Bank now considers Vietnam one of the most dynamic emerging … [Read more...] about New Zealand media: Vietnam – the time has come