Xuan nguyen

Hanoi (VNA) – Removing bottlenecks for local production and business activities must receive top priority so as to promote the economic development, Prime Minister Nguyen Xuan Phuc said at the monthly government meeting on December 2. Reports from relevant ministries and sectors showed that the Vietnamese economy could expand 2.5-3 percent in 2020, while many international organisations forecast it could grow 2.5-2.8 percent in the year, the PM added. Amidst complicated developments of the COVID-19 pandemic, Vietnam remains a bright spot in the global economy thanks to its positive economic signs during January-November, including stable macro economy and low inflation rate. In the 11-month period, trade surplus swelled to a record of 20.1 billion USD, he said, adding 31 groups of commodities joined the over-one-billion-USD club, accounting for 92 percent of the total export revenue. Disbursement of public capital was pushed ahead, reaching 79.3 percent of the yearly plan and … [Read more...] about Vietnam’s economy – a bright spot in volatile world: gov’t meeting

He also highlighted all-round developments of the relations between Vietnam and Belgium and the Netherlands, saying the two countries are Vietnam’s important trade partners. However, PM Phuc said cooperation outcomes have yet to match potential and strength of the sides. The Dutch Ambassador expressed her impression on Vietnam’s efforts in the COVID-19 combat and economic development. The Dutch Government backs Cai Mep Ha Logistics Centre project in the southern province of Ba Ria-Vung Tau which the EU investors are interested in, she said, adding that the Dutch Development Bank has committed 10 percent of the project investment. For his part, Ambassador Paul Jansen said that the Belgian Corporation for International Investment will also play a role in the investment. Once operational, the Cai Mep Ha Logistics Centre can accommodate large container ships, helping to deliver Vietnamese goods abroad, investors said, expressing their hope that the project will soon … [Read more...] about Vietnam facilitates investment of EU firms: PM

Hanoi (VNA) - The State Audit Office of Vietnam (SAV) held a workshop in Hanoi on September 22 to discuss measures to boost the effectiveness of public investment disbursement and the role of State audits. In his opening remarks, Deputy Auditor General Doan Xuan Tien said the mobilisation and use of public investment is important during the country’s reform and international integration processes. Slow disbursement has a negative impact on the economy, as well as the country’s reputation and the trust of investors and sponsors, among others, he said. The State audit of public investment projects has exposed a number of shortcomings, he noted, adding that the scale and frequency of the task remain small compared to the requirement to inspect the use of public finances and assets, particularly in the construction sector. Hoang Phu Tho, an auditor at the SAV, said that to effectively use public investment, there is a need to review State regulations on investment … [Read more...] about Workshop discusses public investment disbursement, role of State audits

People are therefore seeking ways to return home and have contacted Vietnamese embassies abroad. A total of 10 repatriation flights per month are operating from these three destinations, with passengers due to be placed into quarantine at military-run isolation facilities upon arrival in the country. VOV … [Read more...] about Vietnam suspends 33 commercial flights to repatriate nationals

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc on December 2 ordered more efficient measures to overcome consequences caused by natural disasters and help affected residents return to their normal lives. Speaking at a Cabinet meeting, PM Phuc said it is a must to improve the capacity of monitoring and responding to natural disasters, adding a detailed landslide map in the central region should be made. Given the latest COVID-19 infections in Ho Chi Minh City, he stressed the need to stay vigilant and closely control the situation, especially in Hanoi, HCM City and other big cities. Regarding economic recovery, the PM urged stepping up the export of products to key markets, accelerating the disbursement of official development assistance (ODA), promoting private investment, and further reforming the domestic investment environment so as to optimise opportunities to attract foreign capital. Greater efforts are needed to speed up the development of the digital economy, the … [Read more...] about PM: More measures needed to deal with natural disaster consequences