Stronger vietnam tights

Hanoi (VNA) – Vietnam will support and work closely with Brunei as Chair of ASEAN in 2021 so as to successfully realise set targets and initiatives, Deputy Prime Minister and Foreign Minister Pham Binh Minh said when talking on the phone with Brunei Minister of Foreign Affairs II Dato Erywan Pehin Yusof on January 19. The Brunei minister congratulated Vietnam for excellently fulfilling its term as Chair of ASEAN in 2020, especially leading the bloc to overcome unprecedented difficulties and challenges. He shared the directions and priorities during the year Brunei serves as Chair of ASEAN in 2021 under the theme “We Care, We Prepare, We Prosper”, including initiatives on COVID-19 response and post-pandemic recovery which were approved in 2020, the building of a vision for ASEAN after 2025, promoting multilateral cooperation and a rule-based regional order, and people-oriented cooperative ideas. He affirmed that those priorities and initiatives are developed … [Read more...] about Vietnam pledges to support Brunei’s ASEAN Chair

Hanoi (VNA) – Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18. In the article, the author cited data from the World Bank as saying that the country’s  gross domestic product (GDP) grew by 7 percent in 2019, similar to 2018, one of the fastest growth rates in the region. It is argued that if Vietnam can maintain a 7 percent increase in economic growth over the next decade, the country will follow the same trajectory as the previous "Asian Tigers,”  according to the article. International trade was also progressively liberalised, with the signing of various free trade agreements, it said, adding that the World Bank now considers Vietnam one of the most dynamic emerging … [Read more...] about New Zealand media: Vietnam – the time has come

Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

“Once I was trashpacking under the Thu Thiem Bridge in District 2, there were lots of men enjoying their streetside coffee but none of them bothered to lift a finger and help,” Yen said. … [Read more...] about Trashpacking in Vietnam – a growing trend

Hanoi (VNA) - Forest product exports are expected to reel in 14.5 billion USD this year, up 12 percent against 2020, an official has said. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan unveiled the target in an interview with the Lao Dong (Labour) newspaper on the growth of the forestry sector over the next five years. Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. The minister also touched on a number of positive outcomes made by the sector last year despite COVID-19. Vietnam exported forest products worth over 13.22 billion USD, up 16.9 percent against the previous year, and 5.7 percent higher than the annual target. The country now ranks fifth globally, second in Asia, and first in … [Read more...] about Vietnam aims to earn 14.5 billion USD from forestry exports