Võ Trí Thành * Võ Trí Thành The General Statistics Office on Friday unveiled a comprehensive report on Việt Nam's socio-economic development for the third quarter and the first nine months of this year. The report demonstrates a less daunting economic landscape, albeit one that remains exceedingly challenging if the nation is to achieve the economic growth targets set by the National Assembly. As of the third quarter of 2023, Việt Nam's economy has traversed two-thirds of the year, yet the Gross Domestic Product (GDP) has only expanded by a modest 4.24 per cent in comparison to the same period last year. This growth rate, though higher than the rates recorded in the corresponding nine months of 2020 (2.19 per cent) and 2021 (1.57 per cent) during the 2011-23 period, falls short of the ambitious 6 per cent growth target set by the National Assembly for the whole year, let alone the more ambitious target set by the Government at 6.5 per cent. The economic recovery following the … [Read more...] about Việt Nam’s economic landscape at crossroads: Q3 reports highlight challenges in achieving targets
Order paper national assembly
Defense leader presents gifts to policy beneficiaries in Binh Duong
Also in attendance were Major General Dang Van Lam, Deputy Commander of Military Region 7, the delegation of Binh Duong province’s National Assembly deputies, and representatives from the General Staff of the Vietnam People's Army, among others. In 2023, the Minister of National Defense decided to provide financial support for the construction of 5 gratitude houses and the distribution of gifts to policy beneficiaries in Binh Duong province. Following the defense minister's decision, the provincial military command has collaborated with the local authorities to select policy beneficiaries and families facing difficulties in the province to build houses and present gifts to them. The handover ceremonies of these 5 houses were conducted during the 76th anniversary of the Wounded Soldiers and Martyrs' Day on July 27. On this occasion, the Ministry of National Defense also gave 100 gift packages to policy families and those facing difficulties in the province. Speaking at the … [Read more...] about Defense leader presents gifts to policy beneficiaries in Binh Duong
Lao Gov’t tightens management of rare earth mining
Vientiane (VNA) - Lao Prime Minister Sonexay Siphandone has instructed relevant agencies to expedite the drafting of a strategy on rare earth and other minerals, to ensure proper management of mining operations in the country, reported Vientiane Times. economy . As rare earth is in high demand globally, it is necessary for the government to ensure that Laos fully benefits from the mining of rare earth deposits, he said. In recent months, National Assembly members have expressed concern about mining operations in Laos , saying that the mismanaged export of precious metals and other minerals has resulted in serious financial losses. Laos's rare earth reserves are estimated to be big. The country has to date signed rare earth exploration contracts with 18 companies in 18 projects./. VNA … [Read more...] about Lao Gov’t tightens management of rare earth mining
Vietnam’s GDP growth forecast to expand by 4.7% in 2023: WB
Lower-than-expected growth in advanced economies and China could reduce external demand for Vietnamese exports. Vietnam's economic growth for 2023 is set to hit 4.7%, primarily influenced by weak domestic and external demand . Production of aircraft components at MHI Aerospace Vietnam. Photo: Pham Hung/The Hanoi Times The World Bank released the forecast in its latest East Asia and Pacific October 2023 Economic Update. However, there's optimism for a recovery in the following years, with growth expected to reach 5.5% in 2024 and 6.0% in 2025. The main driver of this growth will be domestic demand, although at a slower pace than in previous years. In terms of inflation, the Consumer Price Index (CPI) is projected to average 3.5% this year, largely due to scheduled increases in civil servant salaries. In the following years, assuming stable energy and commodity prices, inflation is expected to decline to 3.0% in both 2024 and 2025. On the fiscal side, … [Read more...] about Vietnam’s GDP growth forecast to expand by 4.7% in 2023: WB
Major issues to be debated at eighth session of Party Central Committee
The opening plenum of the eighth session of the 13th-tenure Party Central Committee in Hanoi on October 2. (Photo: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong put forth requests for members of the 13th-tenure Party Central Committee while opening the committee’s eighth session in Hanoi on October 2 morning. In his speech, the Party chief stressed that this time’s session, lasting until October 8, will consider and make decisions about many big, complex, and sensitive issues highly important to the fulfillment of the 13th Party Central Committee’s political tasks from now until the end of the tenure. Socio-economic and state budget issues for 2023 - 2024 will be discussed amid the continuation of fast, complicated, unpredictable and unprecedented developments in the world, along with the appearance of more difficulties and challenges, which have negatively and seriously affected the performance of socio-economic tasks and targets. He asked the Party … [Read more...] about Major issues to be debated at eighth session of Party Central Committee
☕ Afternoon briefing on October 2
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Party General Secretary Nguyen Phu Trong put forth requests for members of the 13th-tenure Party Central Committee while opening the committee’s eighth session in Hanoi on October 2 morning. In his speech, the Party chief stressed that this time’s session, lasting until October 8, will consider and make decisions about many big, complex, and sensitive issues highly important to the fulfillment of the 13th Party Central Committee’s political tasks from now until the end of the tenure. Read full story - Lower Saxony (Niedersachsen), the second biggest state of Germany, is keen on promoting cooperation with Vietnam, especially in economy, and wants to receive more Vietnamese workers, Minister-President of the state Stephan Weil has been quoted by SZ, Germany's largest broadsheet newspaper, as saying. Weil described Vietnam as an important partner of the European Union … [Read more...] about ☕ Afternoon briefing on October 2
Green Future promotes Vietnam-Denmark cooperation for sustainable growth
With the presence of leading renewable energy developers in Vietnam, Denmark has contributed international resources to the country’s net-zero journey. Denmark in Your Eyes – an annual painting competition launched in Vietnam in 2016 – is an activity demonstrating Vietnam-Denmark cooperation in green growth in recent years. Ambassador of Denmark to Vietnam Nicolai Prytz speaks at the launch of Denmark in Your Eyes competition 2023. Photo: Danish Embassy in Hanoi The competition has “added a lot of value to strengthening our two countries’ long-term cooperation on promoting green and sustainable development,” said Ambassador of Denmark to Vietnam Nicolai Prytz. With more than 18,000 paintings submitted in the last competition, it shows the great popularity of the event among schoolchildren all over Vietnam. For that reason, “it is an amazing playground for Vietnamese children, not only to express wishes about their future but more importantly to come up … [Read more...] about Green Future promotes Vietnam-Denmark cooperation for sustainable growth
Defense Minister chairs seventh meeting of Central Military Commission
Present at the event were Chief of the General Department of Political Affairs (GDP) of the Vietnam People’s Army General Luong Cuong, and Chief of the General Staff and Deputy Minister of National Defense Senior Lieutenant General Nguyen Tan Cuong, among others. At the meeting, delegates focused on discussing and commenting on reports on the five-year implementation of Resolution No.5-NQ/TW dated April 16, 2018 of the Politburo on Vietnam’s National Defense Strategy; Conclusion No.24-KL/TW dated April 16, 2018 of the Politburo on Vietnam's defense strategy; and proposal for resuming education courses for civilian students in several military schools. At the event, a leader of the GDP informed the participants on domestic, regional, and international situations that have had impacts on the country’s defense-military task performance, and briefed on some major contents of the eighth plenum of the 13th Party Central Committee. In his concluding speech, General Giang praised … [Read more...] about Defense Minister chairs seventh meeting of Central Military Commission
Bayer leveraging digital models to enhance healthcare
In the healthcare sector, it has become clear that we need to act now in order to provide opportunities to live healthier for longer. Digital health and ICT solutions have come to define a new standard of how people of all ages manage their health and prevent diseases. Digital platforms are combined with hospital expertise across a range of services Dr. Michael Devoy, chief medical officer at global healthcare and nutrition enterprise Bayer AG, says that digitalisation is a means to enhancing how healthcare innovations are brought to patients. “It encompasses an improvement in our processes, rendering them faster and more efficient than before, as well as facilitating a more profound understanding of our patients and delivering better outcomes for them,” Devoy explained. “I am proud of how we already make use of digitalisation at Bayer, as we continuously strive to provide new treatment options for patients across generations.” In Vietnam in recent years, the … [Read more...] about Bayer leveraging digital models to enhance healthcare
Quang Ninh border guards take measures to prevent IUU fishing
These activities have made contribution to maintaining stability in the coastal areas and ensuring social order for local residents. Joining hands to remove E.C. yellow card on IUU fishing Together with the fisheries sector to remove the yellow card of the European Commission (E.C.) on IUU fishing, the Quang Ninh provincial border units have taken drastic measures and mobilized troops to grasp situations at sea and conduct patrols to prevent trawlers and fishermen from illegally fishing in foreign waters... Being tasked with managing the waters of Wanwei, Jiang Ping, Dong Xing, and Fang Cheng (Guangxi, China) and the two border communes of Vinh Trung and Vinh Thuc in Mon Cai City, the Border Post of Van Gia Border Gate is working in such complicated and large areas, which are regularly violated by crimes for illegal fishing. According to Political Commissar of the border unit, Colonel Vu The Rang, local people mostly live on fishing, aquaculture, and fisheries logistics … [Read more...] about Quang Ninh border guards take measures to prevent IUU fishing