Deputy Prime Minister Le Van Thanh addresses the 15th NA's third session on May 23. (Photo: VNA) Hanoi (VNA) – The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi on May 23. The Deputy PM reported that the macro economy has been maintained, major economic balances ensured, and inflation brought under control, with the consumer price index ( CPI ) in the first four months of this year up 2.1 percent. The monetary market and interest rates have also remained stable, he said, adding that the credit balance by the end of April has increased by 7.18 percent compared to late 2021. In the four-month period, State budget revenue hit 657.4 trillion VND (28.37 billion USD), equivalent to 46.6 percent of the estimate and up 15.4 percent year-on-year. Export turnover reached 122.4 … [Read more...] about Growth target of 6.5 percent remains big challenge: Deputy PM
Why is brace for impact rated ma
High inflationary pressure put GDP 6.5% growth target at risk: Gov’t
The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t
National Assembly to debate issues crucial to socioeconomic development
“The NA will consider and decide many important issues with significant impacts on the national socioeconomic development,” stated NA Chairman Vuong Dinh Hue at the opening ceremony. The National Assembly will discuss and adopt many laws and issues during its third session The session will debate and adopt five draft laws and three draft resolutions, and look into six other laws. The draft laws to be passed include the Law on Mobile Police, the revised Law on Cinematography, the Law on Insurance Business (amended), the Law on Emulation and Reward (amended), and the law amending articles of the Law on Intellectual Property. The draft laws to be advanced for discussions include the Oil and Gas Law (amended), the Law on Domestic Prevention and Control (amended), the Law on Inspection (amended), the Law on the Implementation of Democracy at Grassroots Levels, the law amending and supplementing articles of the Law on Radio Frequencies, and the Law on Medical Examination … [Read more...] about National Assembly to debate issues crucial to socioeconomic development
Just 15 percent of urban wastewater treated
The Government says that daily-life wastewater and wastewater from craft villages and industrial clusters are generated more Today’s report of the Government on environmental protection has just been sent to the National Assembly warning that environmental pollution in some places is at risk of exceeding the tolerance threshold of ecosystems, affecting many aspects of economic life - society, locals’ living conditions, and health condition. Worse, residential areas in rural provinces don’t have a centralized domestic wastewater collection and treatment system which is also one of the reasons why environmental pollution is still complicated. Investment requirements for domestic wastewater treatment are an urgent issue while the country’s capital is limited and socialization policies are not effective. The Government said that daily-life wastewater and wastewater from craft villages and industrial clusters are generated more and more while the collection and treatment … [Read more...] about Just 15 percent of urban wastewater treated
World opening eyes to exciting Vietnamese offerings in F&B
World opening eyes to exciting Vietnamese offerings in F&B. Source: thaifex-anuga.com In order to contribute to the cooperation and trade exchange of businesses in Vietnam and Thailand, THAIFEX-Anuga Asia, the region’s largest food and beverage (F&B) trade fair, is taking place on May 24-28. This year’s fair at the IMPACT complex in Bangkok will include 1,200 exhibitors, 2,500 high-profile buyers, 11 food segments, and approximately 40,000 visitors across the industry. “Participating in the exhibition, we believe that the brands and quality of Vietnamese F&B products will be welcomed in this market. Moreover, Thailand could become a stronger link for Vietnamese goods to enter other markets in which major Thai retailers are reaching out,” said the representative of one Vietnamese business joining the exhibition. Thailand is one of the most familiar and promising markets for exporting F&B products. At last month’s meeting between the industry and trade … [Read more...] about World opening eyes to exciting Vietnamese offerings in F&B