Government projects helped to support writers artists musicians and others during the depression

Gemalink Deep-Sea Port in Ba Rịa - Vung Tau province (Photo: VNA) Hanoi (VNA) - The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024 , with the highest GDP growth rate forecast at 6.5%. These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5%. Given the challenges faced by the Vietnamese economy between 2021-23, 2024 is anticipated to be a pivotal year for Vietnam to accomplish the objectives of its five-year plan. In the first scenario, Vietnam's GDP is predicted to rise by 6%. This estimate presumes that global growth will be moderate in 2023 and the resurgence of global trade and investment will continue to face hurdles. Although the domestic market and services sector might exhibit robust growth, the import, export, and industrial production sectors may not experience a marked recovery due to their … [Read more...] about Ministry projects three economic growth scenarios for 2024

An overview of the meeting between Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung and UNDP Resident Representative in Vietnam Ramla Al Khalidi (Photo: molisa.gov.vn) Hanoi (VNA) - The United Nations Development Programme (UNDP) will focus on helping Vietnam in general and the labour, invalids and social affairs sector in particular in supporting disadvantaged groups, and extending cooperation to many new areas in the coming time, UNDP Resident Representative in Vietnam Ramla Al Khalidi has said. Meeting Minister of Labour , Invalids and Social Affairs Dao Ngoc Dung recently, Ramla Khalidi proposed the two sides coordinate in implementing new projects related to employment support for people with disabilities (PwDs) and bomb and mine victims, raise the voice of PwDs in public agencies and at political forums, and protect vulnerable persons such as workers who lose their jobs due to factory closures during the just energy transition process. Dung … [Read more...] about UNDP to increase support for disadvantaged groups in Vietnam: Resident Representative

At the reception for Boeing leaders (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh hosted separate receptions in New York on September 21 for leaders of several US corporations as part of his trip to attend the high-level week of the UN General Assembly’s 78th session . During separate meetings with representatives from Apple Inc., Boeing Company, Google, Siemens Healthineers, the PM reiterated his commitment to create favourable conditions for US enterprises to operate effective business in Vietnam. Chinh suggested that Apple continue to expand investment in Vietnam, increase the local content and work as a bridge for US firms and Apple's partners to invest ịn Vietnam. He hoped that Apple will turn Vietnam into an important link in its supply and production chain. Meanwhile, he asked Boeing to expand its manufacturing and supply chain in Vietnam and early build its maintenance facility in the country while supporting Vietnamese partners in … [Read more...] about PM receives leaders of US enterprises in New York

During separate meetings with representatives from Apple Inc., Boeing Company, Google, Siemens Healthineers, the PM reiterated his commitment to create favorable conditions for U.S. enterprises to operate effective business in Vietnam. PM Pham Minh Chinh suggested that Apple continue to expand investment in Vietnam, increase the local content and work as a bridge for U.S. firms and Apple's partners to invest ịn Vietnam. He hoped that Apple will turn Vietnam into an important link in its supply and production chain. Meanwhile, he asked Boeing to expand its manufacturing and supply chain in Vietnam and early build its maintenance facility in the country while supporting Vietnamese partners in personnel training and technology transfer so that they can participate deeper in Boeing's supply chain. The Vietnamese government leader called for Google's continued support for Vietnam's national innovation center and cooperation in digital transition training for Vietnamese firms as well … [Read more...] about PM receives leaders of U.S. enterprises in New York

PM Pham Minh Chinh is welcomed at Sao Paulo International Airport of Brazil on September 23. (Photo: VNA) Sao Paulo (VNA) – Prime Minister Pham Minh Chinh and the high-ranking delegation of Vietnam arrived at Sao Paulo International Airport around the noon of September 23 (local time), starting an official visit to Brazil from September 23 to 26 at the invitation of the country’s President Lula da Silva . During the trip, PM Chinh and President Lula da Silva are scheduled to have talks, hold a joint press conference, and witness the signing and handover of cooperation documents between the two countries. The Vietnamese leader will also have meetings with leaders of the National Congress of Brazil, the parliamentary friendship group of the South American country, some local political parties and friendship organisations, and the state of Sao Paulo. He will also visit the Vietnamese Embassy in Brazil, meet with the Vietnamese community here, open a photo exhibition on late … [Read more...] about Vietnamese PM starts official visit to Brazil

For Thien, the official visit to Vietnam by U.S. President Joe Biden earlier this month was not only an important event between Vietnam and the U.S., but a memorable milestone in his life. At the National Assembly Building on September 11, Thien received his war diary lost during a battle in Tay Ninh that borders HCMC in 1967, as witnessed by Biden and National Assembly chairman Vuong Dinh Hue. "I couldn’t have imagined ever receiving my lost diary from the war around 60 years ago. It was truly surprising and moving. For me, it was an invaluable relic," said Thien, 75. Thien was born in northern Thai Binh Province and joined the army in 1965, at the age of 17. He brought with him a diary to recount what happened during his march into the southeastern Vietnam battlefield. "I want my descendants to know how their forefathers used to face dangers and hardship," he said. He would often sit down and write in his diary one or two days into the march, or when emotions ran … [Read more...] about How a Vietnam War diary found its way home after 56 years

Lam Nguyen Hoang Thao, senior associate at law firm Russin & Vecchi The central provinces of Thanh Hoa and Nghe An are looking for the government’s green light to convert some coal-fired power projects into liquefied natural gas (LNG) -to-power one. How do you think this trend is panning out in Vietnam so far? I believe that the trend of converting coal-fired power to LNG-to-power plants in Vietnam is a very positive development. The Power Development Plan VIII (PDP8) called for a reduction in the use of coal and an increase in the use of cleaner fuels. The nation’s goal is to make the transition to green, renewable energy including solar, wind, biomass, ammonia, hydrogen, and nuclear energy. However, the road to reach these goals is still long and uncertain. Vietnam still has limited ability to supply energy from biomass and green ammonia due to the limitation of technology, expertise, and due to the related high production costs. Similarly, with hydrogen, the … [Read more...] about The key factors to take into account for switch to LNG

Vietnamese Prime Minister Pham Minh Chinh during his receptions for leaders of several global and U.S. corporations on Thursday afternoon (local time), such as Apple, Boeing, Google, and Siemens proposed them to expand their businesses in Vietnam. Nick Ammann, vice president for global government affairs at Apple, and an Apple high-ranking delegation said Vietnam is an important market and has much potential for cooperation. Apple is interested in clean energy strategies and the approach to clean energy for Apple contract manufacturers in Vietnam, Ammann said. The Apple representative also wanted to jointly organize training programs for software personnel in Vietnam, which has developed strong human resources in the digital economy. PM Chinh congratulated Apple on its achievements in Vietnam and around the world, adding that he welcomes businesses that enhance the use of clean energy and training for human resources in the hi-tech sector to invest in Vietnam. The Vietnamese … [Read more...] about PM Pham Minh Chinh calls on US enterprises to expand business in Vietnam

A building near Ben Thanh Market in downtown HCM City whose construction stopped at the end of last year. The property market slump is expected to continue until the end of 2024. (Photo: VNA) HCM City (VNS/VNA) - Despite the Government’s efforts to address them, the challenges for the property market will continue until the end of next year, experts have warned. Speaking at a forum late last week, Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association , said the market would continue to struggle with limited access to capital, legal bottlenecks and companies’ inability to redeem bonds. A recent survey by his association found over 70% of businesses saying Government policies aimed at resolving funding difficulties have not been effective, he said. Real estate transactions have plummeted by 90% in 2022-2023, indicating weak market demand, he said. Even after almost five months since its announcement, the Government’s 120 trillion VND credit … [Read more...] about Real estate market challenges to continue until end of 2024: experts

How much will Japan work with Vietnam and ASEAN to help with the energy transition? Kinoshita Tadahiro, director general of Sojitz Vietnam and president of the Japanese Chamber of Commerce and Industry in Vietnam We highly appreciate the government and related ministries for the national green growth strategy, as well as the action plan on green energy transition and reducing carbon and methane emissions of the transportation sector. Completing the legal framework is an important factor to achieving this goal. In the context of increasing energy demand in Asian countries, the Japanese government is ready to cooperate with ASEAN countries in the energy transition process by providing more financial and technical support for testing and applying emission-reduction technologies. Accordingly, Japanese businesses wish to contribute to an effective energy transition in Vietnam by increasing private investment and applying deflation technologies, aiming to achieve … [Read more...] about Green-focused businesses ready for cooperation