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A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

Indian Independence Day marked in HCMC. (Photo: VNA) Chairman of the Vietnam - India Friendship Association (VIFA) in HCMC spotlighted the long-lasting traditional friendship between Vietnam and India, saying the two countries have always supported each other in their struggles for national independence in the past, and in the national construction and development at present. Lap expressed his wish to for further coordination and support from the Indian Consulate General in HCMC and the Indian Business Association in Vietnam in organizing people-to-people events in the city, contributing to consolidating and developing the good traditional friendship and solidarity between the two nations. For his part, Indian Consul General in HCMC Madan Mohan Sethi affirmed Vietnam is always the most important partner of his country in Southeast Asia. According to the diplomat, now is the most appropriate time for India and Vietnam to further promote cooperation activities, especially … [Read more...] about Indian Independence Day marked in HCMC

Major General Nguyen Van Gau, Deputy Director of the General Department of Political Affairs of the Vietnam People’s Army and head of the delegation, together with Secretary of the Thanh Hoa Provincial Party Committee and Chairman of the Provincial People’s Council Do Trong Hung co-chaired the session. Reportedly, the resolution has been comprehensively implemented with significant results over the past 10 years. The Party committees and authorities at all levels have built plans, assigned tasks to each agencies, and concretized the resolution to appropriate measures, contributing to maintaining security and social order and safety in the locality. The socio-economic situation of the province has been stable while the people’s living conditions have increasingly improving and the whole-people great unity bloc has been reinforced. These results have created combined strength to firmly build the whole-people’s defense posture in line with the people's security posture, contributing … [Read more...] about MND reviews implementation of Fatherland protection strategy’s resolution in Thanh Hoa

A tea field in the midland province of Thai Nguyen. (Photo: VNA) Hanoi (VNA) — Standing Deputy Prime Minister Pham Binh Minh has just signed Resolution 96/NQ-CP on the Government's action plan for socio-economic development and ensuring national defence and security in the northern midland and mountainous regions by 2030. Under the action plan, the Government set specific targets for socio-economic development for the regions. The Gross Regional Domestic Product (GRDP) growth in the period of 2021-2030 will reach 8-9% per year, and by 2030, the economic scale of the region will reach about 21 trillion VND (90.5 billion USD), of which agriculture, forestry and fishery will account for 12-13%, industry and construction 45-46%, and services 37-38%. The GRDP per capita will be 140 million VND (6,000 USD) per year (at the current price), and the total state budget revenue will reach about 190 trillion VND (8.1 billion USD). The urbanisation rate is about 40%, and 80% … [Read more...] about Pushing economic development in northern midland, mountainous regions

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges