Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB
Hanoi seeks to boost ties with foreign cities rule of law crucial to peace
Vietnam, Singapore agree to further advance parliamentary relations
NA Chairman Vuong Dinh Hue (R) and Speaker of the Singaporean Parliament Tan Chuan-Jin in Hanoi on May 18. (Photo: VNA) Speaker Tan, who is paying an official visit to Vietnam, thanked the country for supporting Singapore in Covid-19 response, noting the two countries’ cooperation and mutual assistance are growing even more strongly. Chairman Hue congratulated Singapore for successfully containing the pandemic and reopening the economy. He also appreciated its precious provision of Covid-19 vaccine and medical supplies for Vietnam and said he hopes the two sides will continue cooperating in scientific research on Covid-19 and other epidemics, firstly the current unexplained hepatitis in children. Vietnam attaches great importance to the countries’ strategic partnership and views Singapore as one of its leading partners in ASEAN in terms of both politics and economy, he stressed, asking both sides to coordinate closely to prepare for the 50th founding anniversary of bilateral … [Read more...] about Vietnam, Singapore agree to further advance parliamentary relations
Vietnam stresses importance of maritime and aviation security in East Sea
Vietnamese Deputy Defence Minister Sen. Lieut. Gen. Hoang Xuan Chien attends the event. (Photo: VNA) Vietnamese Deputy Defense Minister Sen. Lieut. Gen. Hoang Xuan Chien made the comment while delivering a speech at the ASEAN Defense Senior Officials’ Meeting Plus (ADSOM ) in Phnom Penh on May 18. He stressed the need to comply with the Declaration of the Conduct of Parties in the East Sea (DOC) and accelerate the early signing of a practical and effective Code of Conduct in the East Sea (COC). Vietnam consistently pursues resolving disputes at sea by peaceful means, on the basis of international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), he affirmed. Besides emerging non-traditional security challenges, there have been new, complicated developments regarding traditional security issues, he said. Given that context, Chien emphasized that Vietnam has always been steadfast in its external policy of independence, self-reliance, peace, … [Read more...] about Vietnam stresses importance of maritime and aviation security in East Sea
Vietnam stresses importance of maritime and aviation security in East Sea at ADSOM+
Vietnamese Deputy Defence Minister Sen. Lieut. Gen. Hoang Xuan Chien attends the event. (Photo: VNA) Phnom Penh (VNA) – Maritime and aviation security and safety in the East Sea (internationally known as South China Sea) is extremely important for countries in the region and the Association of Southeast Asian Nations (ASEAN). Vietnamese Deputy Defence Minister Sen. Lieut. Gen. Hoang Xuan Chien made the comment while delivering a speech at the ASEAN Defence Senior Officials’ Meeting Plus (ADSOM ) in Phnom Penh on May 18. He stressed the need to comply with the Declaration of the Conduct of Parties in the East Sea (DOC) and accelerate the early signing of a practical and effective Code of Conduct in the East Sea (COC). Vietnam consistently pursues resolving disputes at sea by peaceful means, on the basis of international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), he affirmed. Besides emerging non-traditional security … [Read more...] about Vietnam stresses importance of maritime and aviation security in East Sea at ADSOM+
☀️ Morning digest on May 19
Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Dien Bien has a high poverty rate, so one of the province's important political tasks is to reduce the rate in the coming time, President Nguyen Xuan Phuc said at a working session with the Standing Board of the provincial Party Committee on May 18. President Nguyen Xuan Phuc speaks at the working session. (Photo: VNA) The President said that the province has a particularly important strategic position in terms of economy, society, national defence and security, ecological environment and foreign affairs, adding that it should take advantage of historical and cultural strengths of many local ethnic groups to boost socio-economic development. Read full story - Prime Minister Pham Minh Chinh on May 17 (US time) visited tech giants Intel, Apple and Google in Silicon Valley as part of his US visit. At the meeting with the Vietnamese Government leader, Intel’s Executive … [Read more...] about ☀️ Morning digest on May 19
PM urged U.S. businesses to invest in tourism and trade in Vietnam
The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to U.S. friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam - U.S. ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly one-third of the total U.S. - ASEAN trade turnover. The U.S. is Vietnam’s second largest trade partner while Vietnam is the U.S.’ 9th largest, he noted, adding that trade between the two countries has contributed to making Vietnam one of the 20 largest import-export countries … [Read more...] about PM urged U.S. businesses to invest in tourism and trade in Vietnam