Infrastructure project

Gemalink Deep-Sea Port in Ba Rịa - Vung Tau province (Photo: VNA) Hanoi (VNA) - The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024 , with the highest GDP growth rate forecast at 6.5%. These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5%. Given the challenges faced by the Vietnamese economy between 2021-23, 2024 is anticipated to be a pivotal year for Vietnam to accomplish the objectives of its five-year plan. In the first scenario, Vietnam's GDP is predicted to rise by 6%. This estimate presumes that global growth will be moderate in 2023 and the resurgence of global trade and investment will continue to face hurdles. Although the domestic market and services sector might exhibit robust growth, the import, export, and industrial production sectors may not experience a marked recovery due to their … [Read more...] about Ministry projects three economic growth scenarios for 2024

In his speech, Pham Minh Chinh said that such challenges related to population aging, non-traditional security like climate change, epidemics, food, water resources, energy, transnational crime, and cybercrime are developing fiercely, causing serious consequences, while the global economy is facing many headwinds. According to the PM, the world is facing two choices: passively accepting challenges and risks at a very high price, or proactively adapting to, taking advantage of opportunities, solving challenges, and taking peace, stability and development cooperation as goals, the U.N. Charter and international law as the foundation, and dialogue and collaboration as tools. In particular, Vietnam chooses the second choice and hopes its partners also choose it, Pham Minh Chinh stated. Accordingly, Vietnam chooses the basic foundations to develop the country, with the goal of becoming a developing country with modern industry and high average income by 2030, and a developed, … [Read more...] about Prime Minister delivers policy speech at Georgetown University

Vietnamese Ambassador to Japan Pham Quang Hieu grants an interview to the Vietnam News Agency. (Photo: VNA) Tokyo (VNA) – The Vietnam - Japan relations are now in their prime and live up to the countries’ extensive strategic partnership, Vietnamese Ambassador to Japan Pham Quang Hieu said on the occasion of the 50th anniversary of the bilateral diplomatic ties (September 21, 1973 - 2023). Talking to the Vietnam News Agency, he said that over the last 50 years, the countries’ friendship and cooperation have been reinforced unceasingly and developed comprehensively in all aspects, becoming a bright spot in the implementation of Vietnam’s foreign policy of independence, self-reliance, and diversification and multilateralisation of international relations. Japan currently ranks first among providers of official development assistance (ODA), second among labour cooperation partners, third among foreign investors and tourism partners, and fourth among trading partners of … [Read more...] about Vietnam – Japan ties live up to extensive strategic partnership: ambassador

Prime Minister Pham Minh Chinh and his entourage arrived at Nanning airport on September 16 morning, starting his participation in the 20th China-ASEAN Expo and China-ASEAN Business and Investment Summit at the invitation of the Chinese Government. With his participation in the event, Vietnam sends out its clear and consistent message on the foreign policy of attaching importance to the relations with China, thus making bilateral relations develop in a healthy, stable, substantial and effective way in the time to come. Later on September 16, Prime Minister Pham Minh Chinh held talks with Chinese Premier Li Qiang. Both sides expressed their delight at and spoke highly of the progress in Vietnam-China relationship in recent years, especially since the historical China visit by Party General Secretary Nguyen Phu Trong in November last year. Underscoring the importance of the Vietnam-China relations in the overall foreign policy of each country, Prime Minister Chinh affirmed that … [Read more...] about PM active in China before attending CAEXPO, CABIS

Senior Colonel Nguyen Viet Hung, Chief of the Engineering Company Rotation 2 and Commanding Officer of the Vietnam’s peacekeeping force at the U.N. Interim Security Force for Abyei (UNISFA), and Education and Construction Minister Nyinkwany Aguer Bol led the delegation. According to the survey results, up to now, there are about 10 schools of different sizes in the Abyei. The school that has nearly 200 students is located 20km from the center of Abyei and struggled with extremely difficult travel conditions. The largest school has nearly 3,000 students gathered from seven local schools. Attentively, the number of teachers is relatively small. Most of them are volunteer teachers from other African countries. The professional qualifications of local teachers are not high and uneven. Survey results also show that schools in Abyei face the same problems such as poor facilities, there are not enough classrooms, canteens, and toilets. Moreover, there are schools with a large number of … [Read more...] about Engineering Company Rotation 2 starts assistance activities for children in Abyei

Combining planning with building firm defensive area Embracing and implementing the Politburo’s Conclusion No.64-KL/TW issued on October 30, 2019 on promoting the implementation of Resolution No.28-NQ/TW dated September 22, 2008 on building provinces and cities into firm defensive areas in the current context, Kim Bang district’s authorities always attach much importance to building the defensive area in line with building the all-people national defense and people's security. Especially, local programs and projects on developing the economy, culture, and society have been combined with planning on building military posture in defensive areas, with a spirit of "economic development in line with strengthening national defense and security." Therefore, the district’s authorities have closely worked with relevant forces to mobilize all economic resources to ensure defense and security, exploit local potential to attract investment and ensure social welfare, and combine … [Read more...] about Socio-economic development in line with building firm defensive areas

As the first local currency SLBs in Vietnam, they aim to help issuers expand their businesses while creating jobs, boosting competitiveness, and supporting the country’s low-carbon growth model. IFC’s investment comprises two elements, with about $100 million to be issued by BIM Land – a tourism and property developer in Vietnam – and approximately $50 million to be issued by Thanh Xuan JSC. Both the issuers are subsidiaries of BIM Group, a multi-sector corporation in Vietnam. The proceeds will be used to develop the Thanh Xuan Valley project in Vinh Phuc province, including an eco-friendly and unique residential community alongside a hotel complex (under the InterContinental brand), as well as other relevant services and infrastructure. IFC’s funding will also help the developers implement water- and energy-saving solutions at two BIM Land hotels – InterContinental and Regent – on Phu Quoc island. An innovative financing tool to support global sustainable development, these … [Read more...] about Vietnam’s first local currency sustainability-linked bonds aim to boost economy

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu (R) welcomes Japan's Crown Prince Akishino and Crown Princess Kiko. (Photo: VNA) Hanoi (VNA) - Japan's Crown Prince Akishino and Crown Princess Kiko arrived in Hanoi on September 20 afternoon, starting their official visit to Vietnam on the occasion of the 50th founding anniversary of Vietnam-Japan diplomatic relations (1973-2023). The visit is hoped to contribute to further deepening the friendship between the Vietnamese and Japanese people as well as the ties between the two countries. Japan is one of the leading important and long-term partners of Vietnam. During Vietnam's 35-year path of Doi Moi (Renewal) and 50-year ties between the two countries, Japan has always supported Vietnam in international integration and socio-economic development. Particularly in recent years, the bilateral Extensive strategic partnership for peace and prosperity in Asia has seen strong and comprehensive progress. Japan … [Read more...] about Japanese Crown Prince, Crown Princess’s Vietnam visit to reinforce bilateral ties