Indiana economic development corp

Chairman of the municipal People’s Committee Le Quang Manh (Source: VNA) Can Tho (VNA) – The Mekong Delta city of Can Tho hopes to receive support from the World Bank (WB) and the State Secretariat for Economic Affairs (SECO) of Switzerland in institutional building, renovation, development of smart city, climate change adaption, and training human resources, said Chairman of the municipal People’s Committee Le Quang Manh on October 7. During a working session in the province to discuss potential partnership programmes on economics, trade and urban management between Can Tho and the two agencies, Manh said the city wants to learn from experience and good models in the world in administrative reform, and to perfect policies through the assistance of the WB and the SECO. Municipal authorities are focusing on promoting economic restructuring and improving quality and competitiveness for its farm produce in regional and global markets through building key … [Read more...] about Can Tho looks for foreign support to economic development

Delegates signed an agreement  on cooperation in research and education to tackle the impacts of climate change on economic development in Vietnam. (Photo courtesy of FTU) Hanoi (VNS/VNA) - Experts discussed the impacts of climate change on economic development in Vietnam using the Computable General Equilibrium (CGE) model at an international workshop at the Foreign Trade University (FTU) on September 30. CGE is an economic model that uses actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. Applying the CGE model, the impacts of climate change on economic development has been analysed through changes to the productivity, output, quality and structure of the agricultural sector and its sub-sectors. “Climate change needs urgent attention at global, regional and national levels. Developing countries like Vietnam are the most vulnerable to climate change because … [Read more...] about Workshop discusses impacts of climate change on economic development

A corner of dynamic Ho Chi Minh City (Photo: VNA) HCM City (VNA) – Ho Chi Minh City is exerting more efforts to complete the 2019 socio-economic development goals, heard a meeting of the municipal Party Committee on October 2. Politburo member Nguyen Thien Nhan, Secretary of the municipal Party Committee, chaired the 32nd meeting of the 10th-tenure municipal Party Committee. Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen reported that the city’s economy continued growing in the first nine months of 2019 with the gross regional domestic product (GRDP) estimated at over 1 trillion VND (43.1 million USD), up 7.81 percent. In January-September, the State budget collection proved effective, surpassing 287 trillion VND, up 7.23 percent, fulfilling 71.9 percent of the yearly projectioni. The total retail sales of goods and services rose by 11.9 percent over the same period last year. The export turnover exceeded 31 billion USD, a yearly rise of 10.5 … [Read more...] about HCM intensifies efforts to complete socio-economic development goals

Delegates of the Party Central Committee discussed a draft report on the implementation of the socio-economic strategy in the 2011-2020 period and the building of a plan for the 2021-2030 period, as part of their ongoing 11th session. On behalf of the Politburo, PM Nguyen Xuan Phuc chaired the event.  The same day, members of the committees and delegates worked in group on a report on the socio-economic situation in 2019 and the State budget in the year and gave feedbacks on a draft plan for socio-economic development for 2020, budget estimate in 2020 and the budget-finance plan for the 2020-2022 period. Earlier, addressing the opening ceremony of the 11th plenum of the Communist Party of Viet Nam Central Committee (CPVCC), the Party chief said that the Economic and Social Sub-committee has proactively given comments on a draft report on the implementation of the 2011-2020 socio-economic development strategy and the 2016-2020 socio-economic … [Read more...] about Party Central Committee discusses socio-economic development strategy

Da Nang (VNA) – Businesses are the main force of the nation to help promote economic growth, social development, and employment, Deputy Prime Minister Trinh Dinh Dung said while attending the Vietnam Business Forum 2019 in the central coastal city of Da Nang on October 5. The country now houses over 715,000 active businesses and more than 5 million business households. The number of entrepreneurs is estimated at 5-7 million. The business sector is making up over 60 percent of the national gross domestic product (GDP) and about 70 percent of the State budget revenue, and employing tens of millions of workers, the official said. Particularly, the private economic sector is playing a decisive role in the economy, making up 43.3 percent of the GDP since 2016.   According to the Deputy PM, the Government will focus on building a 10-year development strategy for 2021-2030, with a vision to 2050, as well as national, regional and provincial planning schemes for 2030 with a vision … [Read more...] about Businesses have crucial role to play in socio-economic development