Socio economic development

Hanoi (VNA) – The Ministry of Planning and Investment is collecting opinions on a draft study report proposing the inclusion of the Sustainable Development Goals (SDGs) in the socio-economic development strategy for 2021 – 2030 of Vietnam. This will also be a legal basis for the country to realise its commitments to the international community, responsibly contribute to global efforts towards sustainable development, and create a driving force for Vietnamese businesses to enhance their competitiveness, build brand names, and integrate into the global market of free trade. Sustainable development is forecast to remain a common trend around the world in the next 10 years. As a member of the United Nations, Vietnam has been striving to achieve the SDGs. Ensuring economic growth The 17 global SDGs have been nationalised into 115 targets for Vietnam in its national action plan for implementation of the 2030 Agenda for Sustainable Development. The Vietnamese Government … [Read more...] about Sustainable development critical to businesses’ existence

This transition period will, however, require new tools. This includes issuing counter-guarantees to the ADB and other development partners so they can use their strong international credit ratings to de-risk projects. Vietnam should also prioritise development assistance to strengthen the financial sector, providing stand-by facilities or other enhancements to make it easier for state-owned enterprises tasked with key projects to access affordable financing, and allowing development partners to issue dong-linked bonds to lower the cost of capital for Vietnamese borrowers. These are all measures that the ADB and others have introduced in other middle-income countries. However, either because of statute or policy, they are currently not possible in Vietnam. … [Read more...] about Vietnam building bridges for greater economic growth and development

Hanoi (VNA) – The Mekong Delta province of Bac Lieu should focus on its “spearheads” and review the building of the new-style rural areas to make it more people-oriented and develop well, Prime Minister Nguyen Xuan Phuc said on February 26. Speaking at a working session in Hanoi with key leaders of the province, PM Phuc also stressed that the province needs to develop quality rice strains and develop the agriculture model of the combination of the intensive cultivation of rice and shrimp which is its comparative advantage. For major projects in the locality, the leader ordered local authorities to quickly implement them and develop industrial zones so as to accelerate the shift of its economic structure, with attention paid to the protection of the environment. Regarding those on local and regional infrastructure projects, he asked the Ministry of Transport to announce the zoning for the development of road, railway, and waterway, as well as to prioritise important … [Read more...] about Bac Lieu should focus on spearheads for further development: PM

Unicar, based in the central province of Nghe An, is currently testing out its services in Vinh, the province’s capital. Resources available on the Unicar app include Uni Car (car ride-hailing), Uni Bike (motorbike ride-hailing), Uni Fast (express delivery service), Uni Truck (logistics service), and Uni Rent (car rental). The company has announced plans to expand to the central cities of Hue and Nha Trang, two major tourist hotspots in Vietnam, in the near future. … [Read more...] about Alarming practices among new ride-hailing services

As Viettel has digitalized its operations and management, it can develop products and services at comparatively low costs, which allows more organizations and enterprises to access its digital products and services. For instance, many people think that the SmartCity project implemented by Viettel in Hue would cost hundreds of billions of Vietnamese dongs, but it, in fact, costs only a few tens of billions of Vietnamese dongs. As the group can realize a SmartCity project at a low cost, a lot of cities and provinces can afford to invest in the model. … [Read more...] about How Viettel backs digital transformation in Vietnam