Socio economic development targets

Cửa Việt Sea Port in the central province of Quảng Trị. — VNA/VNS Photo Nguyên Lý HÀ NỘI — Appropriate policies and regulations are needed to help fully exploit the untapped potential in developing the maritime economy, which plays an essential role in the socio-economic development of Việt Nam, according to insiders. One of the challenges of ocean management is how best to promote sustainable development goals within the maritime economy. According to Dr Tạ Đình Thi, Vice Chairman of the National Assembly's Committee on Science, Technology and Environment and former Director of the Việt Nam Administration of Seas and Islands (VASI), Việt Nam's marine economic development is still unsustainable and not well linked with social development and environmental protection. Serious pollution and environmental incidents have been reported in some waters and coastal areas, while plastic waste pollution has become an urgent problem, he said, adding … [Read more...] about Better policies needed to develop ocean economy

Seafood processing for export to the US market. (Photo: SGGP) If this recovery pace continues, the economic status of the city for the last 6 months this year is truly promising, turning completely back to the time before the Covid-19 outbreak. This means the estimated growth rate of 6-7 percent for 2022 compared to 2019 and 2020 can be fulfilled. Experts in the field, however, have always raised the question whether it is possible to reach a higher goal when may supporting policies are in effect. Statistics from the aspects of public investment, public resource mobilization, construction, and real estates reveal a decrease of 10 percent compared to this time previous years, meaning certain ineffectiveness in addressing existing economic issues. In addition, the administrative reform has been initiated but the results are not as expected when HCMC is only in the average group. This has asked for a long-term campaign to create good habits in public services. In the next 6 … [Read more...] about HCMC enjoying great achievements in economic recovery

UNDP Resident Representative in Việt Nam Caitlin Wiesen. — VNA/VNS Photo Minh Đức UNDP Resident Representative in Việt Nam Caitlin Wiesen suggests measures to realise the new integrated development plan of Mekong Delta 2021-2030 while talking to Việt Nam News on the launch of the plan on Tuesday. How do you assess the missions and orientations of the master plan of the Mekong Delta region in the 2021-30 period with a vision towards 2050. Remarkably, the plan sets the target that agricultural production will be transformed to adapt to changes in natural conditions in accordance with three ecological sub-regions? I would like to congratulate the Government on this first regional master plan for the Mekong Delta. This is the first multi-sector, inter-disciplinary, and inter-provincial master plan, which is the right direction for planning and sets a good example for other regions to follow. The plan employs nature-based solutions and a people-centred approach for … [Read more...] about Master plan expected to create breakthrough development for Mekong Delta

Chairman of the HCMC People’s Committee, Phan Van Mai speaks at the seminar. Speaking at the meeting, the city’s Chairman noted that District 7 has the advantages of road and water transport. If the locality has a good development strategy of sea encroachment , it could approach and exploit the advantages of the sea surface effectively. He asked District 7 to develop in accordance with the goal of developing HCMC into a regional and international financial center, an attractive destination, a hub of service, modern industry and culture, and top performer in digital transformation by 2030. At the meeting In addition, the district must focus on developing waterway tourism, healthcare facilities, education, culture and sports; investing in social and transport infrastructures; building an urban administration and digital administration on an effective larger scale. HCMC has proposed a specific mechanism for its development. District 7 must put itself in a state of … [Read more...] about HCMC’s District 7 organizes seminar seeking development strategy

Binh Tran and Eddie Thai, co-founders & general partners of Ascend Vietnam Ventures Binh Tran and Eddie Thai, co-founders & general partners of Ascend Vietnam Ventures, have been investing together in Vietnam since 2015 and have backed home-grown international successes such as NFT gaming unicorn Axie Infinity, AI-driven edtech ELSA, and financial inclusion fintech Trusting Social. With AVV Alpha, the team has increased their investments in startups in Vietnam, seeding up to $2 million into 25 startups by next year and following on with checks of up to $5 million. “The likes of Axie Infinity, ELSA, and Trusting Social are by no means isolated successes,” said Binh Tran. “Vietnam’s dynamism, accessibility, low cost of living, as well as abundant quality engineering talent attract many founders. On top of that, many tech solutions built here can address similar challenges and customer behaviours in other emerging markets worldwide. Vietnam will continue to be seen as … [Read more...] about Ascend Vietnam Ventures surpasses $50 million target

Illustrative image. (Photo: SGGP) The People's Committee of HCMC said that the disbursement rate of the Public Investment Plan in 2022 is not much compared to previous years due to many difficulties and obstacles, but mainly the impact of the Covid-19 pandemic in 2021. The restart of the construction of projects in the first months of 2022 experienced a certain delay after the time the city adopted measures to respond to the Covid-19 pandemic. In addition, input costs were unstable and tended to increase. Besides the above objective reasons, the People's Committee of HCMC also raised some other subjective reasons affecting the disbursement progress of public investment capital, for example, difficulties related to site clearance; it is necessary to have time to carry out the project adjustment procedures on the basis of Resolution No.99/NQ-HDND dated October 19, 2021, of the People's Council of HCMC and Decision No.4354/QD-UBND dated December 28, 2021, on the medium-term capital … [Read more...] about HCMC disburses only 17 percent of public investment capital in first six months

National Assembly (NA) Chairman Vuong Dinh Hue arrives at Heathrow Airport in London on June 28, beginning his three-day official visit to the UK. (Photo: VNA) The visit aims to maintain and deepen the cooperative relations between the two countries and affirm the importance Vietnam attaches to the Vietnam - UK Strategic Partnership. Through meetings and working sessions with the UK’s authorities, businesses and the Vietnamese community in the UK, Vietnam expects to attract more resources serving its post-pandemic socio-economic development. The visit aims to maintain and deepen the cooperative relations between the two countries. (Photo: VNA) During his visit, NA Chairman Hue will hold talks with McFall and Hoyle, and have meetings with other high-ranking officials of the UK government and parliament; and representatives from the business community and major economic, finance and education corporations of the European nation. The visit is expected to contribute to … [Read more...] about NA Chairman begins official visit to UK

NA Chairman Vuong Dinh Hue (L) and his Hungarian counterpart László Kövér at the press meeting on June 27. (Photo: VNA) Budapest (VNA) – Vietnamese National Assembly (NA) Chairman Vuong Dinh Hue's official visit to Hungary has attracted attention from the media in Eastern Europe. In Hungary, Magyar Nemzet (Hungarian Nation) newspaper ran an article saying the two countries’ traditional friendship has recorded great strides, especially since the visit to Vietnam by Prime Minister Orban Viktor and a trip to the European nation by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong. Hue's visit from June 25-28 would create a stepping stone for the two countries’ comprehensive partnership to enter a new chapter in the time ahead, particularly after Vietnam and the European Union (EU) completed the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA) and a free trade agreement (EVFTA), according to Magyar Nemzet. In its writing, Magyar … [Read more...] about NA leader’s Hungary visit grabs headlines on Eastern European media

At a meeting with provincial leaders on June 27, Debarea, who was leading an EuroCham delegation to explore the investment environment in the southern industrial hub, highlighted the attractiveness of Binh Duong. He pointed out two major reasons making Binh Duong a good choice for European investors: transparency and effective support for investors. Debarea expressed hope that leaders of Binh Duong will continue to assist European firms in expanding their operations in the locality, thus contributing to promoting the strategic partnership between Vietnam and Europe and EuroCham members. For his part, Chairman of the provincial People’s Committee Nguyen Van Danh affirmed that Binh Duong has always been one of the leading localities in the country in terms of socio-economic development and FDI attraction. He said that Europe is a promising partner for Binh Duong. The province has attracted 403 FDI projects from 24 countries and territories with a total capital of over 6.8 billion … [Read more...] about Binh Duong – attractive destination for green industries: EuroCham official

The adaptation of circular economic models would help Vietnam realize its commitment to net-zero carbon emissions target by 2050. The Ministry of Natural Resources and Environment (MONRE) today [June 28] held a conference to kickstart the formulation of a national action plan to promote a circular economy in Vietnam. Minister of MONRE Tran Hong Ha at the event. Photos: UNDP At the event, Minister of MONRE Tran Hong Ha said climate change, environmental pollution, and the degradation of the natural ecosystem are posing threats to the world. He referred to the sixth assessment report of the Intergovernmental Panel on Climate Change (IPCC-AR6) which stated that if global warming gradually increases 1.5 degrees Celsius above the pre-industrial level, some impacts may be lasting or irreversible, such as the loss of some ecosystems. The IPCC also estimated since 2008, around 20 million people annually have been forced to leave their homes behind due to extreme … [Read more...] about Vietnam to draft national action plan for circular economy adaptation