Deputy Prime Minister Vu Duc Dam said at working session with the Ministry of Science and Technology on April 13 that breakthroughs in science-technology are needed for the country to gain speed in development.
Despite being known for its low labour costs, higher logistics costs have continually reduced the competitiveness of Vietnam’s exports compared to elsewhere in the region.
Vietnam always pays attention to creating favourable conditions for businesses and investors from the Republic of Korea (RoK) to expand their activities in the nation, said Prime Minister Nguyen Xuan Phuc, noting that the bilateral ties are getting stronger thanks to the presence of Korean conglomerates like Samsung, SK, Hanwha, Deawoo, and Lotte in Vietnam.
Deputy Prime Minister Trinh Dinh Dung has asked authorities of central Da Nang city to seize opportunities and make the best use of local potential and advantages to grow rapidly and sustainably.
Vietnam has been making good use of advantages of the international economic integration process, helping to increase the country’s exports by 22 percent year-on-year and imports by 26 percent in the first quarter of 2021, said Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.
The State budget revenue in the first quarter totalled 403.7 trillion VND (about 17.5 billion USD), equivalent to 30.1 percent of this year’s target and up 0.3 percent from a year earlier, the Ministry of Finance (MoF) said on March 29.
National Assembly deputies have acknowledged and appreciated efforts, responsibility, achievements and imprints of the State President, the Government and the Prime Minister in the 2016-2021 tenure.
Deputies of the 14th National Assembly (NA) discussed the Government’s report on its performance in the 2016-2021 tenure on March 29 as part of their ongoing 11th session.
Vietnam’s gross domestic product (GDP) in the first quarter of 2021 is estimated to rise 4.48 percent, higher than 3.68 percent recorded in the same period last year, the General Statistics Office (GSO) General Director Nguyen Thi Huong reported at a press conference on March 29.
Representatives from the Vietnam-ASEAN Economic Cooperation Development Association (VASEAN) have asked for stronger support from the Government and Prime Minister Nguyen Xuan Phuc for the business community to overcome difficulties brought about by COVID-19 pandemic and recover and expand production, during a meeting with the PM in Hanoi on March 18.
An annual report on the index for administrative procedure compliance costs in 2020 (APCI 2020) was released at a press conference on March 17 chaired by Minister and Chairman of the Government Office Mai Tien Dung, who is also Chairman of the Prime Minister’s Advisory Council for Administrative Procedure Reform.
The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.
Vietnam is one of the pioneering countries in building a national digital transformation programme, with the three main pillars of digital government, digital economy, and digital society.
Many international organizations have forecast robust economic recovery for Vietnam in 2021.
Vietnamese Prime Minister Nguyen Xuan Phuc held phone talks with his Singaporean counterpart Lee Hsien Long on March 10 to discuss bilateral cooperation as well as regional and international issues of mutual concern.
The southern region is Vietnam’s largest industrial production region and also a key agricultural region, with modern, large-scale development in animal husbandry and cultivation. One of the factors behind the local agricultural sector prospering over recent years despite market pressure and climate change is that localities applied high technology in production early on.
Venezuelan Minister of Foreign Affairs Jorge Arreaza has affirmed that his country always attaches great importance to and wants to further strengthen the comprehensive partnership with Vietnam.
The People’s Committee of Hanoi hosted a press conference on March 4 to update the media on the capital city’s socio-economic development situation, which saw upbeat signals despite impacts from the COVID-19 pandemic.
Experts expect that consumer loans will resume in the second half of 2021, thereby boosting the overall credit growth.
The State Bank of Vietnam said it would be consistent with the goal of controlling inflation, maintaining macroeconomic stability, and improving the quality of monetary policy planning and administration.