Deputy Prime Minister Truong Hoa Binh The report says Vietnam’s high economic growth in the reviewed period lays the foundation to fulfill the 2016-2020 socio-economic development plan. The Vietnamese government will hold tight to the motto of “Discipline, integrity, action, creativity, efficiency” to obtain the set socio-economic development targets. Deputy Prime Minister Truong Hoa Binh presented the Government’s report on the implementation of socio-economic development targets in the first quarter of this year and ways to achieve this year’s targets. He also highlighted Vietnam’s achievements in surpassing all the 12 targets set by the National Assembly last year. Vietnam obtained a record high economic growth rate in 2018 With efforts of the whole political system, the business community, and the people, Vietnam’s socio-economic situation in 2018 progressed significantly, creating a momentum in implementing the 5-year socio-economic … [Read more...] about Vietnam persists with socio-economic development targets
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MoPI crafts socio-economic development strategy in 2021-2030
Illustration photo Deputy Minister of Planning and Investment Nguyen Van Trung reported that the MoPI has promptly built the socio-economic development strategy in the 2021-2030 period and the five-year socio-economic development plan in the 2021-2025 period in preparation for the 13th Party Congress. Mr. Trung said that Viet Nam has attained positive outcomes in implementing the ten-year socio-economic development strategy in the 2011-2020 period and the five-year socio-economic development plan in the 2016-2020 period. The macro-economy was more stable. Big balances were ensured and improved. Economic growth was positive. Growth quality was improved. Strategic breakthroughs attained initial outcomes. The economy was restructured in combination with positive transformation of the growth modal. Scale, potentials, and competitiveness of the economy were on the rise. Social security was ensured. However, due to objective and subjective causes, in spite of … [Read more...] about MoPI crafts socio-economic development strategy in 2021-2030
Scientists raise opinions on socio-economic development strategy
Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Scientists gave opinions on the country’s socio-economic development strategy for 2021-2030 with a vision towards 2045 during their meeting with the subcommittee on socio-economic affairs of the 13th National Party Congress in Hanoi on May 13. Prime Minister Nguyen Xuan Phuc, head of the subcommittee, asked the scientists to look into the national economic situation, along with challenges and difficulties facing the country, focusing on major limitations of the old growth model. Associate Prof. Dr. Bui Quang Tuan, Director of the Vietnam Institute of Economics, pointed out that the economic growth target of 7 percent set for the 2011-2020 period has yet to be fulfilled. Between 2011 and 2018, the growth mainly relied on capital, he said, adding that science and technology received less investment while the labour quality remained low. Tuan suggested prioritising … [Read more...] about Scientists raise opinions on socio-economic development strategy
Workshop spotlights IP role in socio-economic development
Illustrative image (Source: internet) Hanoi (VNA) - A workshop on the role of intellectual property (IP) in promoting socio-economic development was jointly held by the Ministry of Science and Technology and the World Intellectual Property Organization (WIPO) in Hanoi on May 9. The event aims to bring intellectual property-related issues into policies and activities of sectors and socio-economic fields. Participants highlighted the role played by IP in the development of industry, agriculture, culture, health, and education sectors. They agreed that IP contributes to building orientations, targets, missions and measures, thus serving as a tool for realising development objectives of sectors, localities and the nation. The workshop discussed ways to bring contents concerning IP into socio-economic development polices amid the 4th industrial revolution, towards determining the role of ministries and sectors in integrating and developing IP issues in sectoral development policies, … [Read more...] about Workshop spotlights IP role in socio-economic development
Coal industry urged to provide enough coal for economic development
Deputy Prime Minister Trinh Dinh Dung speaks at the conference (Source: VNA) Hanoi (VNA) – The Vietnam National Coal-Mineral Industries Holding Corp., Ltd., (Vinacomin) needs to live up to its main duty of coal supply to serve the country’s socio-economic development, said Deputy Prime Minister Trinh Dinh Dung at a conference in Hanoi on January 9. He pointed out that the demand for coal has increased, especially for electricity production. It is estimated that Vietnam needs 58 million tonnes of coal for electricity generation in 2019, 90 million tonnes in 2025 and 130 million tonnes in 2030, he said. According to the Deputy PM, although the group faces many difficulties in production, it still strives to create breakthroughs in improving the quality of coal through renovating production technology and promoting mechanisation. It has also paid attention to protecting the environment and saving human resources. Dung stressed the need for Vinacomin to continue … [Read more...] about Coal industry urged to provide enough coal for economic development