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ADB Country Director for Vietnam Andrew Jeffries made the promise during his virtual meeting with Chairman of the municipal People’s Committee Phan Van Mai on October 23. ADB is also willing to coordinate with HCM City in the disbursement of capital for joint projects and provision of credit to help recover local businesses affected by COVID-19 through intermediate financial institutions or guaranteed bank loans, he said. Jeffries expressed his belief that HCM City will soon overcome adverse impacts of the pandemic, and spoke highly of the economic development capacity of HCM City and Vietnam as well in the medium and long terms. The next six months will be an important period when businesses, especially small- and medium-sized enterprises (SMEs), and investors should receive support to surpass difficulties caused by COVID-19, he said. For his part, Mai applauded the bank’s support to Vietnam in economic recovery and safe adaptation to the pandemic, highlighting the ADB-funded …

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IMF Regional Resident Representative Francois Painchaud addresses the Vietnam Economic Forum in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – Vietnam is showing signs of socio-economic recovery though the COVID-19 pandemic remains complex, according to Francois Painchaud, Regional Resident Representative of the International Monetary Fund ( IMF ) in the country. Speaking at the Vietnam Economic Forum 2021 on December 5, Painchaud said the this started in the fourth quarter, and the country can achieve a GDP growth rate of 2.5 percent this year and 6.6 percent in 2022. He underlined the importance of enhancing the healthcare capacity to economic recovery, noting that timely fiscal and monetary policies for right groups and tools of restructuring to support development in the long term can help minimise the pandemic’s impact. The official held that the size of fiscal measures in developed economies can be applied to other countries, including Vietnam. More …

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Vietnamese famers have average income of 3.4 million VND/month The Ministry of Agriculture and Rural Development reported that the average income for farmers in 2020 was 43 million VND/year, which is equivalent to under 3.4 million VND/month. In the Draft Strategy for Sustainable Agriculture and Rural Development for the 2021-2030 period (with a vision towards 2050), the Ministry set the goal of raising farmers’ average income and reducing poverty in a sustainable manner. By 2030, the rural population’s income would have to be 3 times higher than in 2020, and poverty rate would fall by 1-1.5 %. Vietnam targets 100,000 IT enterprises, digital economy to contribute 30% GDP At a recent event in Da Nang, Deputy Minister of Information and Communications Phan Tam said that Vietnam has had 58,000 ICT enterprises and has set a target for that number to reach 100,000 by 2025. "The goal is that by 2030, Vietnam will be in the top 50 countries in terms of digital governing, and its …

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Nguyen Van Khoa, Chairman of VINASA, speaks at the event. — Photo diendandoanhnghiep.vn An online event of the Viet Nam Digital Transformation Summit - Viet Nam DX Summit 2021 officially opened on Wednesday. The event is organised by the Viet Nam Software and IT Services Association (VINASA) in collaboration with the Viet Nam National Institute of Software and Digital Content Industry (NISCI). The summit gathered more than 80 speakers who are leaders, industry experts and more than 8,000 delegates sharing and discussing at 11 thematic sessions focusing on the hottest issues in digital transformation of key industries such as finance and banking, healthcare, agriculture, transportation-logistics, real estate, industrial production and information security. Nguyen Van Khoa, chairman of VINASA, said that the event was held with the expectation of creating an annual forum for exchanging knowledge and practical experience, connecting supply and demand in digital transformation, …

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