Green economy

SBV Governor Nguyen Thi Hong said that climate change is posing risks and challenges to all economies in the world, requiring them to promptly design response policies and scenarios. As one of the most vulnerable countries to climate change, Vietnam has actively rolled out measures to deal with its impacts and promote green and sustainable growth at the same time, said Hong. She underlined that the strong commitments Prime Minister Pham Minh Chinh announced at the 26th U.N. Climate Change Conference (COP26), including net-zero emission in 2050, have been highly valued by the international community, opening chances for the country in strengthening partnership in circular economy development and climate change response. The official said that over the years, the banking sector has actively contributed to the implementation of targets set in the National Strategy on Green Growth in the 2021-2030 period with a vision to 2030 through various activities, including the building of an … [Read more...] about Measures sought to attract resources for green, sustainable development

VAFIE Chairman Nguyen Mai said the first report in 2021 was highly evaluated, and now VAFIE is compiling the 2022 version, which will focus on green growth and economic structure. This year’s report is set to consist of three chapters: the global and ASEAN situation, foreign investment in Vietnam, and orientations and solutions. The annual report aims to provide an objective and scientific assessment of foreign investment in Vietnam and the country’s overseas investment, in comparison with annual, medium-term, and long-term orientations and targets. This gives an all-round view of the FDI sector’s role and impact on Vietnam’s economy and society. Mai noted it is a source of reference for the National Assembly, the Government, the Ministry of Planning and Investment, and other ministries and sectors. It is also made use of by administrations of provinces and cities, management boards of industrial parks and economic zones, business associations, as well as FDI and domestic firms … [Read more...] about FDI report 2022 to focus on green growth, economic structure

The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year. The Hanoi People's Committee has urged local agencies to remain vigilant against the Covid-19 pandemic and accelerate the disbursement of public funds, seen as a key task for socio-economic recovery for the rest of the year. Electronics production at Rhythm Precision Vietnam, Soc Son District, Hanoi. Photo: Pham Hung Among the key tasks, the city would focus on the Covid-19 vaccine roll-out by providing boosters for eligible people, including the completion of vaccination for children aged 5-12 before September 2022, noted the municipal People’s Committee in a directive. The city’s authorities reiterated public investment is a key task for economic development and considered pubic fund disbursement a key criterion to evaluate the performance of each agency, department, and unit by year-end, especially leaders and senior officials. “Efforts … [Read more...] about Hanoi boosts socio-economic growth, but remains vigilant against Covid-19

Vice Chairman of the municipal People’s Committee Vo Van Hoan delivers the remark at the celebration ceremony of Singapore’s 57th National Day on August 15. (Photo: SGGP) Hoan delivered the remark at a ceremony to celebrate Singapore’s 57th National Day hosted by the Singaporean Consulate General in HCMC. Congratulating Singapore on its National Day, Hoan said he was impressed by its robust development over nearly six decades. Singapore is now one of the world’s most developed countries and a role model with a pioneering approach – “dare to dream, look ahead and seek new solutions and opportunities.” Built on the foundation of the flourishing relations between the two countries, HCMC-Singapore ties have produced good results, he said, noting that because of geographical proximity and cultural similarities, HCMC and Singapore boast great potential to supplement each other in various fields. According to the official, Singapore has been HCMC’s largest investor and second … [Read more...] about Singapore’s 57th National Day marked in HCMC

The PM made the request during a working session with leaders of the group, which was connected to Viettel branches in 63 localities nationwide and 10 foreign markets after visiting the firm's hi-tech park. PM Chinh spoke highly of Viettel's achievements in recent times, affirming that the firm has effectively transformed from a military unit into a “dual-use” unit with great contributions to the State budget and the development and application of science and technology in the country, especially in forming a cyber-security industry, ensuring safety for the development of digital government, economy and society. Viettel’s successes are a testament to the successful formation and development of State-owned enterprises (SOEs) during the "Doi moi" (renewal) process of the country, he said, adding that the group has become a model of innovative and effective SOEs. The Government leader asked Viettel to better implement its commitment to creative vision for people and pioneering in … [Read more...] about Viettel urged to make greater contribution to national development

In a group photo: Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh (6th from left) and Graham Stuart, Minister of State (Minister for Europe) at the Foreign, Commonwealth and Development Office (4th from right) and Minister of State in the Cabinet Office Nigel Adams (5th from left). (Photo: VNA) London (VNA) – A Party delegation, headed by Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh, paid a visit to the UK from August 10 – 15, aiming to fortify the countries’ strategic partnership, particularly in economy, trade, and investment. During the trip, the delegation met many UK officials, namely Graham Stuart, Minister of State (Minister for Europe) at the Foreign, Commonwealth and Development Office; Deputy Speaker of the House of Commons Nigel Evans; Minister of State in the Cabinet Office Nigel Adams; Economic Secretary to the Treasury Richard Fuller; and General Secretary of the Communist … [Read more...] about Party officials visit UK for improved strategic partnership

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency . - Prime Minister Pham Minh Chinh suggested Qatar step up investment cooperation with Vietnam in infrastructure development, oil, renewable energy, green technology and digital transformation while hosting visiting Qatari Deputy PM and Foreign Minister Qatar Sheikh Mohammed bin Abdulrahman Al-Thani on August 15. Qatari Deputy PM and Foreign Minister Qatar Sheikh Mohammed bin Abdulrahman Al-Thani pays a courtesy call to Prime Minister Pham Minh Chinh on August 15. (Photo: VNA) PM Chinh highly spoke of the progress the two countries have made in their multifaceted partnership and active mutual support at multilateral forums. Congratulating Qatar on the signing of the instrument of accession to the Treaty of Amity and Cooperation (TAC) of ASEAN, the PM said Vietnam backs a close, effective and comprehensive cooperation between ASEAN and Qatar. Read full story - … [Read more...] about ☀️ Morning digest August 16

Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham Minh Chinh. The proposal was made in the context of the recent global chip shortage, which has seriously affected many manufacturing sectors and business areas, prompting several countries to promote chip production as a national security measure. In this context, the group also asked to be assigned the tasks of ensuring national defense and security, promoting its strengths and demonstrating the pioneering role of state-owned companies in the fields of high-tech defense, construction and cyber security and safety. Viettel said it wanted to deploy a national digital conversion platform, and work as an intermediary for financial switching services and electronic clearing services to facilitate transfer of funds from one bank account to another. The group also wanted permission to research green energy technology and modernize important infrastructure in the field of … [Read more...] about Viettel to produce chips amidst global shortage

Prime Minister Pham Minh Chinh speaks at the working session with leaders of Viettel. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on August 16 asked the Viettel Military Industry and Telecoms Group (Viettel) to make greater efforts to contribute further to promoting socio-economic development and building an independent, self-reliant economy with active and effective international integration. The PM made the request during a working session with leaders of the group, which was connected to Viettel branches in 63 localities nationwide and 10 foreign markets after visiting the firm's hi-tech park. PM Chinh spoke highly of Viettel's achievements in recent times, affirming that the firm has effectively transformed from a military unit into a “dual-use” unit with great contributions to the State budget and the development and application of science and technology in the country, especially in forming a cyber-security industry, ensuring safety for the … [Read more...] about Viettel urged to make greater contributions to national development