Sustainable industrial development

A production line of sports shoes for export at a company in Thu Duc City. (Photo: SGGP) Orders are plentiful again After a long time struggling to maintain operations due to the negative impact of the Covid-19 pandemic, many enterprises in the leather and footwear industry have now found a way to keep production. Many enterprises even have received many orders. “Since the Covid-19 pandemic occurred, especially during the outbreak in Europe, customers in this market canceled nearly 80 percent of orders. The few remaining customers asked to defer payment or discount prices, causing the company to fall into difficulties. Almost every month, the company had to make up for losses to maintain production. Fortunately, we now have reconnected with our customers and reached an agreement to share difficulties and profits in the context that the pandemic will continue to develop complicatedly. Owing to that, we have had enough orders until the end of the year," said Mr. Dang Van Ngoc, Director of Tan Phat Company Limited in Hoc Mon District of Ho Chi Minh City. According to Chairman of the Vietnam Leather, Footwear, and Handbag Association (Lefaso) Nguyen Duc Thuan, orders for footwear and handbags are shifting to Vietnam more and more. This is also the time and the opportunity for enterprises to restore production and reconnect supply chains. Lefaso's representative also said that although the production and business situation of all enterprises has not yet returned to normalcy as before, in general, many enterprises have maintained their performance and overcome difficulties, making good use of the market. For example, in early 2020, Vinh Yen Shoes Joint Stock Company encountered several difficulties because people in the EU and US markets tended to cut spending. Besides, many supermarkets were closed for Covid-19 prevention. However, with many flexible administrative solutions, from the last months of 2020 to now, the production and business activities of Vinh …

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On June 15, 2021, the Prime Minister issued Decision No. 942/QD-TTg approving the e-government development strategy towards the digital government in the 2021-2025 period, with a vision to 2030. This is the very first time that Vietnam has issued a strategy on developing e-government and moving towards the digital government. The strategy sets out a vision to 2030 that Vietnam would be ranked among the top 30 countries in the world in terms of e-government and digital government according to the United Nations ranking. (Illustrative photo). The e-government development strategy towards the digital government in the 2021-2025 period, with an orientation to 2030, is consistent with the directions and orientations of the Party and State for socio-economic growth in the Fourth Industrial Revolution (Resolution No. 52-NQ/TW dated September 27, 2019, by the Politburo; Resolution No. 50/NQ-CP dated April 17, 2020, by the Government); consistent with the National Digital Transformation Program approved in Decision No. 749/QD-TTg dated June 3, 2020, by the Prime Minister; consistent with the National Strategy on the Fourth Industrial Revolution to 2030, issued in Decision No. 2289/QD-TTg dated December 31, 2020, by the Prime Minister. Furthermore, the strategy is also in line with the Government's Resolution No. 136/NQ-CP dated September 25, 2020, on sustainable development; in line with the new trend of digital government development mentioned in the 2020 United Nations E-Government Survey with the theme of "Digital Government in the Decade of Action for Sustainable Development". Six major viewpoints have been highlighted in the strategy, which serves as directions and orientations for the development of the digital government, as well as the digital economy and society in the new period. The first and most important among them is: Developing a Digital Government with all safe operations in the digital environment, a redesigned operating model, and …

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Illustrative photo. (Source: VNA) Hanoi (VNA) – Despite the complexity of the fourth COVID-19 wave , Vietnam’s GDP growth is forecast to exceed 6.5 percent this year on the back of surging industrial production and global economic recovery, according to Assoc. Prof. and PhD Dinh Trong Thinh, a senior economist from the Academy of Finance. Given the economy is growing well in the first half of 2021, it is likely to expand over 7 percent in the remaining months, setting the scene for the country to achieve an overall GDP growth of at least 6.5 percent this year, Thinh told the Lao Dong (Labour) newspaper. The coronavirus is gradually brought under control, he said, plus domestic production has been experiencing positive growth, with manufacturing and processing picking up at a current rate of 10 percent. The sector may rise by 17 – 18 percent during the final months of 2021, he added. Data shows that industrial production index in the first five months of the year advanced 9.9 percent year-on-year, with manufacturing and processing up 12.6 percent. Total retail sales of goods and services hiked 7.6 percent year-on-year. Thinh went on to say that the US, Chinese and EU economies are bouncing back, and increases in global credit demand will provide a good opportunity for Vietnam’s exports. The US’s economic growth remains positive at present and Vietnam’s shipments to the US is growing strong, he added. A recent report by RongViet Securities Corporation (VDSC) forecast that the country’s GDP will grow by 7.2 percent in the second quarter of 2021 and 6.5 percent for the year as a whole. Asian Development Bank (ADB) Country Director for Vietnam Andrew Jeffries said Vietnam is capable of achieving the twin goals of curbing the pandemic and sustaining economic growth this year. The country’s success in containing the virus has strengthened foreign investors’ confidence in its economy, he added. It is important for Vietnam to boost growth and …

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