Nddc niger delta development commission

Remittances contributed by migrants account for 5% of Vietnam’s gross domestic product (GDP). International migration and internal migration in Vietnam have long played a very important role in the country’s socioeconomic development and they will continue to do so. Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam, shared that view with The Hanoi Times . Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam. Photos: IOM Vietnam “If you look at the GDP, up to 5% of the country’s GDP comes from remittances contributed by international migration and that’s only recorded remittances, so it should be a lot more,” she said. For that reason, when the migration governance is done right and well, there’s a lot of positive development and contributions to Vietnam when they return and with their remittances, Park added. In addition, there’s also a recognition that … [Read more...] about Migration significant to Vietnam’s socio-economic development: IOM

The tree planting festival was among the traditional activities during the first days of the Lunar New Year. Secretary of the Hanoi Party Committee Dinh Tien Dung today [January 28] attended the 2023 New Year tree planting festival at Dinh Cong Thuong, a relic complex in Hoang Mai District. Up to now, the majority of goldsmiths in Hanoi are from Dinh Cong Thuong, one of the three villages that founded Hang Bac (silver) Street (once known for jewelry trading). Dinh Cong Thuong shrine was built in the 17 th century to honor two generals Hoang Cong (son of the 17 th Hung King) and Doan Thuong, while the Dinh Cong Thuong temple worships the three local founders of the jewelry handicraft and remains an attractive tourist destination. The Party chief and the ward's representatives plant a tree. Photos: Thanh Hai/The Hanoi Times The Hanoi Party chief Dinh Tien Dung and city's officials at the relic complex. The relics are … [Read more...] about Hanoi Party chief attends tree planting festival

The Ho Chi Minh Communist Youth Union, the largest organization of young people in Vietnam, will plant 20 million trees this year, said first secretary of the Central Committee of the union Bui Quang Huy. The Central Committee of the Ho Chi Minh Communist Youth Union on Saturday cooperated with the Party Committee and the People’s Committee of Hoa Binh Province in northern Vietnam to launch the Tet tree planting movement. At the launching ceremony, Huy informed that young people nationwide would plant 1.9 million trees on the day. In Hoa Binh alone, young people planted 30,000 trees. This is the first step to realize the target of planting 100 million trees in 2022 – 27, heading toward the prime minister’s plan to cultivate 100 million trees. Huy also asked each young person to plant, take care of, and protect at least a tree in their workplaces, schools, and residences. He required the Ho Chi Minh Communist Youth Union at all levels to come up with solutions to apply … [Read more...] about Vietnam’s youth union to plant 20mn trees in 2023

Vietnam has to deal with one major external challenge and two internal ones, Dr Pham Sy Thanh, Director of the Chinese Economic Studies Program under the Vietnam Institute for Economics and Policy Research, told the Vietnam News Agency. The external challenge is a strong decline in demand for Vietnamese exports. Many export sectors with revenue of over 1 billion USD like wood and apparel recorded their earnings in October and November 2022 falling 30 - 40% year on year and month on month. This indicates that foreign markets are no longer open or attractive enough for exports in 2023. Export contraction will have a huge impact on many social issues, especially lay-offs, job shortages, and unemployment in industrial parks, he pointed out. Among internal challenges, the first is that the handling of wrongdoings in the bond market and the banking system has caused serious disruptions and congestion of the capital flow. Meanwhile, the cost of capital is one of tough barriers to … [Read more...] about Intertwined opportunities, challenges for Vietnam’s economy in 2023

The diplomat said that the signing of the E.U.-ASEAN comprehensive air transport agreement, the first ever region-to-region aviation agreement in 2022, will provide quite a boost to air connectivity between the 37 countries involved. The E.U. wants to invest more in the region, he said, adding that leaders of the union have announced 10 billion EUR (10.88 billion USD) in investment in Southeast Asia in the next couple of years through the “Global Gateway” sustainable investments in the region at a hope to address some of ASEAN's big connectivity needs and build on some of the successes in that respect of our previous cooperation. He noted that the E.U. has already signed free trade agreements (FTA) with Singapore and Vietnam. The union will open negotiations for FTAs with other ASEAN countries, while resuming FTA negotiations with Indonesia, Malaysia, the Philippines and Thailand. Driesmans said that the E.U.’s second priority is to develop a joint green and sustainable agenda … [Read more...] about E.U. to focus on deepening economic ties with ASEAN: diplomat