Pledge with future shine for models

While growth in most regions has slowed down, Vietnam’s economy is recovering strongly with GDP expanding by an average 6.84% during the 2016-2020 period, beating the set target and marking the highest figure in the past three five-year periods. The EVFTA and CPTPP could increase Vietnam’s GDP by 4.3% and 1.3% respectively by 2030. Such an impressive performance will lay a solid foundation for Vietnam to become a upper middle-income country by 2025. Growth projected at 7% Assessing the prospects of the Vietnamese economy for the 2021-2025 period, the National Centre for Socio-economic Information Forecast (NCIF) under the Ministry of Planning and Investment constructed two scenarios. In the first scenario, GDP growth is projected to average 7% per year, with inflation at between 3.5%-4.5%, while the ratio of capital to GDP is estimated at 31%, compared with 33.5% during the 2016-2020 period. Investment efficiency continues to improve, with the incremental … [Read more...] about Vietnam strives to join upper middle-income countries

A corner of the waste-to-power plant in Can Tho (Source: VNA) Can Tho (VNA) – Officials of the Mekong Delta city of Can Tho had a working session with representatives from the Japan International Cooperation Agency (JICA) on December 9 to discuss a project to reduce domestic waste in Can Tho in the coming time. Speaking at the Can Tho meeting, JICA Chief Representative in Vietnam  Konaka Tetsuo said the 3-million-USD 3R (reduce-reuse-recycle) project funded by the Japanese Government aims to form a system for reducing, reusing and recycling and encourage people to classify wastes at home. Classification wastes at home and using waste-to-power technology will help not only treat wastes but also generate electricity, Tetsuo said, noting that Japan has successfully realised the initiative. JICA hopes to become a bridge to popularise the technology in Mekong Delta localities, contributing to treating wastes and saving energy in the region, he said. As planned, in the … [Read more...] about JICA-funded waste-to-power project benefits Can Tho

Tighter regulations are needed to ensure good quality water is sourced for years to come. A PSI project model implemented in Phu Thanh Commune, Nghe An Province is displayed at a conference in Hanoi. VNS Photo That was the message delivered by Nguyen Thi Hong Khanh, from the Ministry of Construction’s Technological Infrastructure Department. She believes a solid legal framework is necessary to make sure there is plenty of water for future generations. “We need a scheme for the Water Supply Law, and submit it to the Government and the National Assembly,” Khanh said. “It is needed to survey and catalogue important sources to have an effective protection, exploitation and use plan.” There are more than 200 water supply enterprises, mainly operating as joint stock companies. The national programme to ensure water supply and prevent water loss in the 2018-25 period has been implemented to promote investment and improve modern and energy-saving water … [Read more...] about A legal framework for water supply essential in Vietnam