Socio economic development

The event was co-hosted by the Moscow State Institute of International Relations (MGIMO)’s ASEAN Center and the Russian Ministry of Foreign Affairs. In an opening remark delivered virtually, Russian Deputy Minister of Foreign Affairs Ivan Morgulov said expanding cooperation with ASEAN remains one of Russia’s priorities in Asia-Pacific, contributing to the regional stability and sustainable development. Vietnamese Ambassador to Russia Dang Minh Khoi, for his part, said in the ever-changing geopolitical context, more than ever Russia and ASEAN need to cooperate closely for the common interest. They must together maintain peace, security and stability; foster socio-economic development; and strengthen open and inclusive regional architecture and win-win partnership with ASEAN at the center, he said. The diplomat stressed that as an active and responsible ASEAN member and Russia’s comprehensive strategic partner, Vietnam always supports the European country to reinforce ties with …

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Workers bury cables in Ha Noi. — VNA/VNS Photo The capital city of Ha Noi plans to bury telecommunications and electricity cables on 300 streets in 11 districts and towns by 2025, reported the municipal Department of Construction. Since the beginning of the year, the city has completed construction of underground cable infrastructure on 13 streets, located in districts of Hoan Kiem, Ha Dong and Cau Giay, bringing the total number of routes completed to 187. The Department of Construction will continue to bury 58 lines in the last months of the year. However, the department said that the work might still face obstacles because of a lack of labour due to the COVID-19 pandemic. VNPT Group, Viettel Group, MobiFone Corporation and Ha Noi Electricity Corporation have committed to support Ha Noi in deploying synchronous underground telecommunications lines and medium and low voltage power lines along streets in line with the capital's socio-economic development master plans. — VNS …

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Revenue to state budget increases over 10 percent The revenue to the state budget in the first 9 months of this year amounted to 1,084.7 trillion VND, representing 80.75 percent of the projection and an increase of 10.75 percent over the figure recorded in the same period last year, according to the Finance Ministry. Meanwhile, the expenditure from the state coffer was estimated at 116.3 trillion VND, with the fight against the COVID-19 pandemic being prioritised. By the end of September, 29.1 trillion VND from the state budget was spend on the fight and support to those adversely affected by the pandemic. Despite the serious impacts of the pandemic, the revenue still increased year on year thanks to the economic growth momentum in the last month of last year, the ministry said. For the rest of the year, the ministry will continue accelerating administrative procedure reforms on taxation, simplifying business conditions, and joining other forces in fighting …

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