• Skip to main content
  • Skip to primary sidebar

Talk Vietnam

All About Vietnam

  • Home
  • About Us
  • Contact Us
  • Disclaimers
  • DMCA
  • Privacy Policy
  • Submit your story

Partys policies

/ February 24, 2021

Prolonged pandemic issues cloud recovery

Dinh Quang Hinh, analyst at VNDIRECT Securities JSC, noted that the local economy’s recovery “will slow down”, especially in the next two months. According to Hinh, the tourism industry may still be the most affected by the new COVID-19 wave. Reports from travel and airline businesses showed that many travellers cancelled flights and hotel reservations, and postponed their plans. In addition, the blockade in some localities such as Hai Duong province and the closure of a number of non-essential services in other cities and provinces may reduce the growth rate of several service sub-sectors, especially accommodation, catering, tourism, and entertainment. At a cocentrated quarantine area. Photo: VNA Unfeasible policies Facing the serious impact of COVID-19 on the economy, Assoc. Prof. Dr. Pham The Anh, chief economist of the Institute for Economic and Policy Research (VEPR), said that the country could not pursue macro policies in the same way other countries would do, for example through large-scale monetary easing, due to limited financial resources after years of deficits, coupled with constraints to inflation and exchange rate targets. Vietnam was one of the few countries in the world with positive economic growth in 2020. But this year, according to Anh’s observation, “the policy space is no longer wide” to support economic growth and social security. Last year, the State Bank of Vietnam lowered interest rates three times and supported commercial banks with a VND250-trillion package ($10.87 billion), which is still being deployed. In addition, pandemic prevention and social backup subsidies to ease the impacts of the crisis are also putting great pressure on the budget balance. In 2021, monetary policy, particularly interest rate tools, will see a significantly reduced effectiveness, according to the VEPR’s chief economist. Anh also warned about an asset bubble that is forming in the stock and real estate markets. Last year, property …

[Read more...] about Prolonged pandemic issues cloud recovery

/ February 24, 2021

VIETNAM BUSINESS NEWS FEB. 24

Hi-tech agriculture proves effective in Dong Nai Agricultural production has been affected by abnormal weather conditions, climate change, and diseases over recent years. Many farms in southern Dong Nai province have applied high-technology in agricultural production in order to cope with the situation, helping increase quality and output. High-tech production requires massive investment, not just capital but also technology, equipment, and “grey matter”, to adapt to cutting-edge manufacturing methods. High-tech manufacturing models have been expanded around Dong Nai, especially in animal husbandry and on poultry farms. Dong Nai has more than 46,000 hectares of crops using water-saving technology and the province has gradually changed to green breeding in accordance with Vietnamese Good Agricultural Practice (VietGAP) standards. Agriculture accounts for 8.3 percent of Dong Nai’s economic structure and agro-forestry-fisheries value currently stands at nearly 1.8 billion USD. The results reflect the province’s large-scale manufacturing development investment and high-tech application to adapt to unfavourable conditions and meet market demand. Vietnam’s growth outlook to depend on authorities’ response to new outbreak: WB Vietnam’s growth prospects will depend on how well and how quickly the authorities will bring the new coronavirus outbreak under control and how quickly international and national vaccinations will proceed, according to the World Bank (WB). In its Vietnam Macro Monitoring report issued earlier this month, the WB said January’s industrial production index jumped by 24.5 percent year on year, the highest growth rate since the beginning of 2019. Merchandise exports and imports respectively grew 51.8 percent and 41.8 percent from the same period last year. The preliminary January goods trade surplus is estimated at 1.1 billion USD. Exports to the US and China continued the robust growth of 2020 while those to the EU, ASEAN, Japan …

[Read more...] about VIETNAM BUSINESS NEWS FEB. 24

/ February 24, 2021

Cat Linh-Ha Dong urban railway to be handed over in late March

The Ministry of Transport will hand over the Cat Linh-Ha Dong urban railway to Hanoi authorities on March 31 for commercial use under the direction of the Prime Minister. A representative of the Ministry of Transport’s Railway Project Management Board told VietNamNet that the concerned parties are working hard to complete the acceptance and safety assessment to report to the State Acceptance Council. For the Chinese experts who are present in Vietnam now to perform the acceptance work, if necessary, the General Contractor will send more experts to Vietnam in the coming time. The railway project of Cat Linh - Ha Dong has been delayed many times. In addition to the impact of the Covid-19 epidemic, problems occurring during the implementation process are the cause of the tardiness. According to the Prime Minister's approval document and the Ministry of Transport's decision to adjust the progress of the project issued in December 2020, the deadline has been adjusted to March 31, 2021. Vu Diep …

[Read more...] about Cat Linh-Ha Dong urban railway to be handed over in late March

Primary Sidebar

RSS Recent Stories

  • Quang Ninh to spend 500 billion VND buying COVID-19 vaccines
  • Program to rescue farm produce in Hai Duong launched
  • COVID-19 under sound control nationwide: Health Minister

Sponsored Links

  • These buildings combine affordable housing and vertical farming
  • Should armed guards be in schools? This JAMA study on shootings may surprise you
  • How practicing self-compassion can lift your low winter mood
  • Our plastics are loaded with rare-earth materials, and scientists don’t know why
  • The tragedy in Texas shows why we need to fundamentally reshape our electric grid
Copyright © 2021 Talk Vietnam. Power by Wordpress.