The conclusion was reached by economists at an international workshop on promoting the coordination mechanism for the development of KERs in Vietnam which was held in Hanoi on September 24 by the Central Institute for Economic Management (CIEM) in collaboration with the "Australia Supports Economic Reform in Vietnam" (Aus4Reform) programme and NBN Media. The event is held under the framework of Aus4Reform, sponsored by the Australian Department of Foreign Affairs and Trade, which assists the Government of Vietnam in achieving its objectives of improving the business investment climate towards high labour productivity and increased quality and competitiveness of the economy aimed at fast and sustainable development. The programme is worth US$6.5 million and will be deployed from 2017-2021. Limited connectivity among economic zones Presenting the research report on the coordination mechanism for the development of KERs in Vietnam carried out by CIEM, Tran Trung Hieu, Deputy Head of … [Read more...] about Coordination mechanism needed to facilitate development of key economic regions: economists
Key economic indicators
Cà Mau Cape tourism site to become key economic area in the province in 2025
Viet Nam News HÀ NỘI — The country’s southernmost province is hoping its famous Cà Mau Cape tourism area will become the largest key economic area in the province by 2025,baochinhphu.vn online newspaper reported. It is expected to be one of the largest eco-tourism centres in the country, allowing visitors to experiencing lush mangrove forests. Local officials hope it can become a popular destination on Mekong Delta tours. By 2030, Cà Mau Cape tourism is expected to meet national tourism criteria and be recognised as a National Tourism Site, according to the Prime Minister-approved master plan for the development of Cà Mau Cape National Tourism Site towards 2030. Cà Mau Cape national tourism site is mainly located at Mũi Village in Đất Mũi Commune of Ngọc Hiển District, about 120km from Cà Mau City. It also extends over a small part of Năm Căn District. High-end tourists To … [Read more...] about Cà Mau Cape tourism site to become key economic area in the province in 2025
Resolution on socio-economic indicators in 2011
BEGIC - On December 9th of 2010, at the 18th session of 7th Provincial People’s Council, with the approval of 90% of the delegates, the socio-economic development plan of 2011 had been approved. This year, the world economy is predicted to recover but remain unstable and insecure. GDP to increase by 14,5% The delegates mostly agreed with the overall objective on socio-economic development 2011 suggested by the provincial People's Committee: "All resources are mobilized to stabilize the economy, strive for higher growth in 2010 associated with economic restructuring, labor structure in which the development of service and industry is preferred, improve productivity, quality, efficiency and competitive picture of the economy; enhance the effectiveness of consular and trade promotion; ensure social security and welfare; improve life standard; enhance social and political stability; ensure security defense and security. " Particularly, the key economic indicators in … [Read more...] about Resolution on socio-economic indicators in 2011
WB Lead Economist remarks Vietnamm’s recent economic indicators
The Hanoitimes - At the threshold of the Lunar New Year, World Bank Vietnam's Lead Economist Deepak Mishra talked with VGP about the January economic indicators and his vision for Vietnam's economy in 2013. Latest figures by the General Statistic Office showed that Consumer Price Index (CPI) of January 2013 went up by 1.25% month-on-month and by 7.07% year-on-year, raising the worry that inflation might come back later in the year. However, Deepak Mishra opined that one month is too short a time span to make any meaningful inference on the health of an economy. In particular, 2012's Tet holiday fell in January, while this year it is being celebrated in February, "making January to January comparison problematic". Especially, the January economic indicators were also affected by seasonal factors as people spend more on shopping during Tet months compared to other months in a year. "Since such increase in inflation is due to seasonal spending patterns, it … [Read more...] about WB Lead Economist remarks Vietnamm’s recent economic indicators
East Asia and Pacific: Domestic demand will play key role in rebound in 2013
(CPV) - Economic growth in the East Asia and Pacific region may slow down by a full percentage point from 8.2 percent in 2011 to 7.2 percent this year, before recovering to 7.6 percent in 2013, said the World Bank in its East Asia and Pacific Economic Data Monitor, released on October 8. Growth in developed countries will remain modest, with recovery in the region to be driven mainly by strong domestic demand in developing countries. The new report says that weak exports and lower investment growth will cut down China's GDP growth from 9.3 percent in 2011 to 7.7 percent this year. In 2013, however, China's growth is expected to rebound to 8.1 percent as the impact of stimulus measures kicks in, supported further by an uptick in global trade. "The region's share in the global economy has tripled in the last two decades, from 6 percent to almost 18 percent today, which underscores the critical importance of this region's continued growth for the rest of the world," said World Bank … [Read more...] about East Asia and Pacific: Domestic demand will play key role in rebound in 2013