Remittances contributed by migrants account for 5% of Vietnam’s gross domestic product (GDP). International migration and internal migration in Vietnam have long played a very important role in the country’s socioeconomic development and they will continue to do so. Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam, shared that view with The Hanoi Times . Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam. Photos: IOM Vietnam “If you look at the GDP, up to 5% of the country’s GDP comes from remittances contributed by international migration and that’s only recorded remittances, so it should be a lot more,” she said. For that reason, when the migration governance is done right and well, there’s a lot of positive development and contributions to Vietnam when they return and with their remittances, Park added. In addition, there’s also a recognition that … [Read more...] about Migration significant to Vietnam’s socio-economic development: IOM
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Prime Minister examines Mai Son – National Highway 45 project
The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in the form of public-private partnership (PPP) and the rest, including the Mai Son-National Highway 45 project, are funded with public investment. The Mai Son - National Highway 45 section has a total length of 63.37km and an investment of 12.11 trillion VND (561.03 million USD). Its construction started in September 2020, and is scheduled to complete on April 30, 2023. So far, 83.7% of all workload has been finished. PM Pham Minh Chinh took the occasion to pay New Year visits to workers in some construction sites along the route and relocated residents at the resettlement area in Dong Minh commune, Dong Son district of Thanh Hoa. He later moved on to examine the Dien Chau - Bai Vot project, another component of the North-South Expressway, which connects Nghe An and Ha Tinh provinces. The PM also had a working session with relevant ministries, sectors and localities on … [Read more...] about Prime Minister examines Mai Son – National Highway 45 project
Vietnam’s famous comedian apologizes to TV audiences
The Ministry of Culture, Sports and Tourism’s Van Hoa newspaper published his apology on Friday, which said it was a personal story and not meant to offend anyone. The comedian and director of the Vietnam National Drama Theater had posted "Mother’s slap" three days earlier to seemingly take a potshot at people who criticized his TV show. In the story, a woman cooks "banh chung" (glutinous square rice cake) every year for Tet, but her son, who does not know how to make it himself, always criticizes it. It read: "This year is no exception. At 8pm on Lunar New Year’s Eve, I criticized the cake after the first bite. My mouth has two sides, one to chew on ‘banh chung’ and the other to criticize the cake. "Not really because the cake is not delicious, not necessarily because it is bad, but because it is not what I imagined, it is not what I wanted. I criticize it because I have the right to criticize, because it is my mother’s responsibility to cook cakes as I want them." In the … [Read more...] about Vietnam’s famous comedian apologizes to TV audiences
PM examines Mai Son – National Highway 45 project
PM Pham Minh Chinh inspects construction of the Mai Son-National Highway 45 project (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh on January 28 inspected the Mai Son (Ninh Binh province)-National Highway 45 project, a section of the North-South Expressway. The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in the form of public-private partnership (PPP) and the rest, including the Mai Son-National Highway 45 project, are funded with public investment. The Mai Son-National Highway 45 section has a total length of 63.37km and an investment of 12.11 trillion VND (561.03 million USD). Its construction started in September 2020, and is scheduled to complete on April 30, 2023. So far, 83.7% of all workload has been finished. PM Chinh took the occasion to pay New Year visits to workers in some construction sites along the route and relocated residents at the resettlement area in Dong Minh commune, … [Read more...] about PM examines Mai Son – National Highway 45 project
Vietnam supports expansion of U.N. Security Council
Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th U.N. General Assembly on January 26, Tra also emphasised improving the working method of the UNSC and limiting the use of veto power. She highlighted the importance of dialogues and discussions on the council reshuffle within the IGN framework, suggesting that this process be carried out in a transparent manner, with the participation of all members, and on the basis of respecting the interests of countries. The challenges facing the world are also a driving force for change, the Vietnamese representative said, proposing countries push for a comprehensive and profound reform of the council so that this body can fulfill its important responsibility of maintaining international peace and security. At this session, U.N. members all emphasised the need to reshuffle the UNSC to ensure the representation nature, democracy, transparency and efficiency; and reflect the reality of the … [Read more...] about Vietnam supports expansion of U.N. Security Council
E.U. to focus on deepening economic ties with ASEAN: diplomat
The diplomat said that the signing of the E.U.-ASEAN comprehensive air transport agreement, the first ever region-to-region aviation agreement in 2022, will provide quite a boost to air connectivity between the 37 countries involved. The E.U. wants to invest more in the region, he said, adding that leaders of the union have announced 10 billion EUR (10.88 billion USD) in investment in Southeast Asia in the next couple of years through the “Global Gateway” sustainable investments in the region at a hope to address some of ASEAN's big connectivity needs and build on some of the successes in that respect of our previous cooperation. He noted that the E.U. has already signed free trade agreements (FTA) with Singapore and Vietnam. The union will open negotiations for FTAs with other ASEAN countries, while resuming FTA negotiations with Indonesia, Malaysia, the Philippines and Thailand. Driesmans said that the E.U.’s second priority is to develop a joint green and sustainable agenda … [Read more...] about E.U. to focus on deepening economic ties with ASEAN: diplomat