Kwarteng rolls the dice to try to kick start uk economic growth

Speaking at the event, Minister of Science and Technology Huynh Thanh Dat highlighted that it is one of the ministry’s activities to promote the application and transfer of technology, and innovation for businesses and localities in the northern region in particular and the country in general, improve the competitiveness of local goods, facilitate scientific  application in production and business, bringing practical results to enterprises and contributing to the country's socio-economic development. It also helps accelerate cooperation, investment, and transfer of technology between local and foreign companies, contributing to promoting the role of businesses in innovation. Additionally, the event features new solutions in renewable energy, technology supply chain and biomedical equipment management systems, food and pharmaceutical technology, digital health, information technology, and the application of artificial intelligence to production processes in factories. The two-day … [Read more...] about Techconnect and Innovation Vietnam 2023 kicks off in Quang Ninh

At the government press conference. (Photo: VNA) Hanoi (VNA) – Deputy Minister of Planning and Investment (MPI) Tran Quoc Phuong stressed human resources development in the semiconductor industry while speaking at a government press conference in Hanoi on September 30. “This is a new industry in Vietnam that needs thorough preparations to develop effectively,” the official noted. According to the Deputy Minister, the Prime Minister has assigned the MPI to quickly outline a project on human resources development in service of the sector by 2030. The ministry has proposed three pillars in this regard, covering higher education, the training of engineers and workers, and the attraction of talents, Phuong said, adding that the MPI will closely coordinate with other ministries, agencies, localities, businesses and scientists to complete the project as scheduled. Regarding public investment, he said both domestic and foreign experts considered it an important engine for the … [Read more...] about Semiconductor industry needs thorough preparations: official

Prime Minister Pham Minh Chinh addresses the meeting (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh has required utmost efforts to fulfil to the highest possible level the targets and tasks for 2023 while chairing the regular Government meeting for September and an online meeting between the Cabinet and localities on September 30. He emphasised the need to strongly promote growth drivers, speed up industrial production development, especially the manufacturing-processing industry in the context of continued difficulties and challenges in the world situation as well as in the country. The government leader reiterated the overall goal of maintaining macro-economic stability , reining in inflation, propelling growth, ensuring major balances of the economy, paying attention to social welfare, protecting socio-political stability and social order and safety, intensifying anti-corruption activities, strengthening national defence-security, promoting external … [Read more...] about PM urges utmost efforts to complete targets for 2023

The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 50.6 in September from 51.0 in the previous month, missing analysts' forecasts of 51.2. The 50 index point mark separates growth from contraction. The world's second-largest economy is showing some signs of stabilising after a flurry of modest policy measures, but the outlook is clouded by a property slump, falling exports and high youth unemployment. The survey comes a day after China released its official PMI, which showed factory activity expanded for the first time in six months in September, adding to the run of indicators suggesting the economy has begun to bottom out. According to the Caixin PMI, factory output and new orders remained in expansionary territory in September, however, external demand remained weak with export orders index contracting for the third month. "The economic recovery has yet to find a solid footing, with insufficient domestic demand, external uncertainties, and … [Read more...] about China’s factory activity recovery slows in September

At the event, Chairman Vuong Dinh Hue, on behalf of the Party and State's leaders, awarded the second-class Independence Order to the Party organization, authorities and and people of Vinh city in recognition of their outstanding achievements and contribution to the cause of building socialism and protecting the Fatherland. Chairman Vuong Dinh Hue presented a photo of President Ho Chi Minh visiting the construction site of Vinh Hydroelectric Plant in June 1957. Addressing the ceremony, Chairman Vuong Dinh Hue highlighted outstanding socio-economic achievements Vinh city, the economic and political center of Nghe An, has obtained over the past 60 years, especially in the 10 years of implementing Resolution No.26-NQ/TW of the Politburo on the direction and tasks for the development of Nghe An province until 2020. In 2022, the city registered the economic growth rate of 9.02%, with average income per capita of VND 120 million (nearly USD 5,000), 2.37 times higher than the province's … [Read more...] about N.A. Chairman attends ceremony marking 60th anniversary of Vinh city

An overview of the 78th-tenure UN General Assembly's Committee on Social, Humanitarian and Cultural Issues (Photo: VNA) New York (VNA) - ASEAN always takes social development as a top priority and is committed to building a resilient, inclusive, people-centred community, and effectively implementing the UN Sustainable Development Goals (SDG), Ambassador Dang Hoang Giang , Permanent Representative of Vietnam to the UN has stated. The Vietnamese ambassador made the remark on behalf of ASEAN countries at a meeting of the 78th-tenure UN General Assembly's Committee on Social, Humanitarian and Cultural Issues in New York on September 29. The diplomat noted that ASEAN has achieved great progress in economic growth, development and constantly improved the quality of life for people in the region. At the same time, ASEAN has continuously made efforts and implemented many measures and initiatives through regional cooperation frameworks such as the ASEAN Ministerial Meeting … [Read more...] about ASEAN commits to building resilient, inclusive, people-centred community

The event was designed to open up connection opportunities for businesses and organizations to accelerate green transformation. Addressing the forum, Deputy Minister of Science and Technology Bui The Duy said that digital transformation and green transformation are inevitable trends in the world, and highlighted the crucial role played by digital transformation and green transformation in promoting economic growth, improving labor productivity, competitiveness, production and business efficiency, minimising dependence on sources of fuel that cause pollution and reducing carbon footprint. Scientists and experts underlined the need to promote technological innovation and make changes in managing, training and improving the quality of human resources to create new products, new processes, thus increasing value of businesses as well as creating products for society. Domestic and international scientists, and representatives from organizations and technology enterprises discussed … [Read more...] about Forum discusses digital, green transformation for sustainable development

At a workshop held in Hanoi on September 27, Tran Quang Bao, director of the Forestry Department under the Ministry of Agriculture and Rural Development (MARD), said World Bank has transferred $41.2 million to Vietnam for the country's CO2 emissions. The Emission Reductions Payment Agreement (ERPA) signed between Vietnam and the World Bank’s Forest Carbon Partnership Facility in October 2020, means Vietnam could receive up to $51.5 million if the country can reduce 10.3 million tonnes of CO2 emissions from six north central provinces. "Accordingly, Vietnam will transfer to the World Bank 10.3 million tonnes, at a price of $5 per tonne and 95 per cent of this amount will be counted as Nationally Determined Contributions (NDC) contribution. To date, legal procedures and preparations have been ready," Bao said. The agreement is part of the first regional level Reducing Emissions from Deforestation and Forest Degradation (REDD+) in Vietnam. It is expected to reduce 32.09 million … [Read more...] about Vietnam receives $41 million from World Bank for sale of forest carbon credits

“Ba Ria-Vung Tau has met all the conditions to develop a logistics centre and international transshipment seaport,” said Nguyen Van Tho, Chairman of Ba Ria-Vung Tau People’s Committee, at the Logistics Development Linkage Conference on September 8. Tho said that logistics has been identified as one of the four economic pillars of Ba Ria-Vung Tau, thereby driving provincial socioeconomic development. As of the present, the province has developed a diverse logistics service system, with more than 300 businesses providing goods transportation and logistics warehousing services. Ba Ria-Vung Tau has all the necessary conditions to develop a logistics hub, given that the local seaport system has taken shape. The province is now home to 69 planned seaports and 50 projects in operation, with a total design capacity of 152 million tonnes per year. This is an important foundation for Ba Ria-Vung Tau to develop a logistics centre and international transshipment seaport. “Once the … [Read more...] about Ba Ria-Vung Tau lacking inter-regional connectivity

MERCOSUR is Việt Nam's 13th largest trading partner with bilateral trade value rose from $2.45 billion in 2011 to $12 billion in 2022. —Photo baodautu.vn Việt Nam is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market (MERCOSUR), which is expected to be a driving force for Việt Nam to tap the Latin American market, Minister of Industry and Trade Nguyễn Hồng Diên said. Currently, MERCOSUR members, including Brazil, Argentina, Uruguay, and Paraguay, do not have free trade agreements with countries whose export structure competes directly with Việt Nam. Accessing this bloc market via an FTA will create a significant boost for Vietnamese export goods to them. MERCOSUR is a dynamic, competitive, and developing economic region. It is the fifth-largest economic region with a total GDP of US$4.58 trillion in the world and is also one of the leading food raw material and energy production regions. Moreover, MERCOSUR is a potential … [Read more...] about Việt Nam promotes negotiations of FTA with Mercosur