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>> Russia-Vietnam: Together to New Cooperation Goals >> 15 cooperation deals to be signed during Putin’s Vietnam visit President Sang made the statement in an interview with the Russian News Agency Itar Tass on the third visit to Vietnam by President Putin on Tuesday. The Vietnam-Russia Strategic Partnership was established in 2001 and then upgraded into the comprehensive strategic partnership in 2012, Sang said, adding that the firm foundation has enabled bilateral relations between the two countries to improve in both scope and scale. As regards trade, Sang suggested that the two sides exert further efforts to negotiate and have an early signing of the Free Trade Agreement (FTA) between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan. Two-way trade keeps increasing, with US$2.5 billion in 2012 and $1.8 billion in the first eight months of this year, but it remains at a modest level, accounting for a small portion in the total import-export turnover … [Read more...] about Putin’s visit to take Vietnam-Russia ties to new height

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

The proposed volume of outbound coal sales is equivalent to the volume for the power generation of a thermal power plant with a capacity of less than 600 MW, making up over 1% of the country’s estimated total power capacity in 2021, according to the ministry. … [Read more...] about Trade ministry proposes exporting 1.5 million tons of coal

Hanoi (VNA) - Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, according to the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences (VASS). The real growth rate will depend on the world economic situation and the capacity to absorb FDI, the “Vietnam Economic Overview 2020: Promoting innovation-based economic growth” conference held by the institute on January 19 heard. VASS President Bui Nhat Quang said the COVID-19 pandemic strongly affected economic growth around the world in 2020, with most major economies posting contractions. Vietnam, however, achieved the twin targets of disease prevention and socio-economic recovery and development. It posted economic growth of 2.91 percent, the lowest since 1986, when its “renewal” process began, but higher than the figure posted in many other countries in the … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

The benchmark VN-Index of the Hochiminh Stock Exchange lost 60.94 points, or 5.11%, against the session earlier to close the day at 1,131 points. The number of declining stocks was nearly 10 times higher than that of gainers, with 437 decliners, including 112 stocks dropping to the floor prices, and only 44 gainers. … [Read more...] about Stocks drop sharply after a bull run