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Hanoi (VNA) - Implementing institutional reform is a crucial and challenging task of the National Assembly, especially in the context of the country's rapid development and deeper economic integration, according to NA Chairwoman Nguyen Thi Kim Ngan. The top legislator highlighted the role of the National Assembly in the field in an article written for the book “Forecast 2020: Destruction/Reconstruction” published by the Vietnam News Agency, buying the copyright of the international media organisation Project Syndicate. She wrote after more than five years of implementing the 2013 Constitution, the National Assembly has achieved important and outstanding results in legislative activities, including the guarantee and protection of human rights and citizens’ rights as well as the issuance of legal documents to continuously reform economic institutions. Additionally, law on education-training, science-technology, health, culture and information, sports, religion, … [Read more...] about National Assembly strives to implement institutional reform

Hanoi (VNA) - Deputy Prime Minister Vuong Dinh Hue has expressed his belief in the bright future of Vietnam in an interview with the Vietnam News Agency (VNA) on the occasion of the Lunar New Year, which falls on January 25. “I believe the dream of a powerful and wealthy Vietnam on a par with nations in the region and the world as President Ho Chi Minh had wished will come true,” the Deputy PM said. This dream has both scientific and practical foundation, he said, stressing that every one must be responsible to make this happen. He said last year, Vietnam was among countries with the highest growth rate in the region and the world despite fluctuations of the world economy. The country posted a gross domestic product (GDP) growth rate of 7.02 percent, while inflation rate was kept at 2.73 percent. The average GDP per capita reached almost 2,800 USD, 1.32 times higher than that in 2015. This figure is expected to exceed 3,000 USD in 2020, meeting the target set in the … [Read more...] about Dream of powerful and prosperous Vietnam will come true: Deputy PM

Trade growth slowed in the second quarter of this year; meanwhile trade balance recorded a surplus in the fourth consecutive quarter and reached 1.4 billion USD in Q2. VEPR, is a series of annual reports summarising major economic issues in the previous year, giving an outlook for the coming year and providing policy recommendations. … [Read more...] about Vietnam posts strong Q2 growth

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc said on August 30 that ministries, sectors and localities must not underestimate their tasks in the four remaining months of 2018 but carry out drastic solutions as many difficulties still arise from the domestic and global situation. At the Government’s monthly meeting, Cabinet members said despite complex geo-political and geo-economic developments in the past eight months, the country’s socio-economic indexes have reached the highest levels. Forecasting challenges in the months ahead, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said the US-China trade war will strongly affect Vietnam while natural disasters from now until the end of the year may cause big consequences. PM Phuc said to deal with the predicted challenges, leading officials must promote their responsibility in the activities of their ministries, sectors and localities. He stressed that the top priority must be given to controlling … [Read more...] about PM requests implementation of drastic solutions in months ahead

Phu Tho (VNA) – The Vietnam Paper Corporation (Vinapaco) earned nearly 2.6 trillion VND (111.8 million USD) in revenue in 2018, exceeding the yearly target by 19 percent and recording an annual increase of 15 percent. The figures were released at a conference to review the company’s performance last year and set out tasks for 2019, which took place in the northern province of Phu Tho on January 22. Accordingly, in 2018, Vinapaco’s paper output surpassed 120,000 tonnes, of which over 113,000 tonnes were consumed. It exploited 160,000 cubic metres of timber and planted new forests spanning more than 2,300 hectares. The company’s contribution to the State budget and profit reached 131 billion VND (5.63 million USD) and 70 billion VND (3.01 million USD), respectively. Speaking at the conference, Chairman of the Vinapaco Members’ Council Hoang Quoc Lam said that in 2019, Vinapaco will focus on restructuring its apparatus, finances, development investment, … [Read more...] about State-owned paper producer surpasses yearly revenue target