A Vietnam – Switzerland cultural festival takes place on October 16 to celebrate the 50th anniversary of the two countries’ diplomatic relations (1971 – 2021). (Photo: VNA) Geneva (VNA) – A Vietnam – Switzerland cultural festival took place on October 16 to celebrate the 50th anniversary of the two countries’ diplomatic relations (1971 – 2021), and enhance people-to-people exchange and cultural and economic cooperation. Present at the event were Vice President of the Council of the State of Geneva Mauro Poggia, and Director-General of the World Health Organisation (WHO) Tedros Adhanom Ghebreyesus. In her welcoming remarks, Vietnamese Ambassador to Switzerland Le Linh Lan highly spoke of the achievements in the bilateral relations, saying 2021 holds a special meaning as the year marks the 50th anniversary of the two countries’ diplomatic ties and the 30th anniversary of their development cooperation. Switzerland was among the first Western nations to establish …
Economic expansion depends on COVID-19 vaccination speed, scale: Experts
COVID-19 vaccination (Photo: VNA) Hanoi ( VNA) - Vietnam’s economic prospects greatly depend on COVID-19 vaccination speed and scale, the efficiency of pandemic prevention and control measures and the effectiveness of supporting packages, held experts at a conference organised by the Vietnam Economic Strategy Studies Centre (VESS) on October 18. They asserted that bad debts may continue to rise, becoming a threat for the financial system in the post-pandemic period. Therefore, they stresses the need to prepare for worst-case scenarios. Dr. Nguyen Duc Thanh, VESS Director said that slow vaccination has held Vietnam back in recovery process in 2021, which can lead to it losing comparative advantage. Currently, Vietnam’s vaccine coverage remains low compared to the world's level, he noted. The resurgence of COVID-19 has disrupted supply chains and affected the labour market, posing severe impacts on domestic businesses, he said, adding that the growth in the first …
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Businesses in Quang Ninh determined to surmount pandemic
Part of Mong Cai city in Quang Ninh province (Photo: baoquangninh.com.vn) Quang Ninh (VNA) – Quang Ninh ’s success in protecting “ green zones ” from the latest COVID-19 outbreak has created an impulse for businesses based in this northeastern province to recover operations and flexibly and safely adapt to the pandemic. Quang Ninh posted an estimated economic growth rate of 8.6 percent in the first nine months of 2021, much higher than the national average, which was mainly driven by the processing and manufacturing industry. The province’s contribution to the State budget topped 33.5 trillion VND (1.47 billion USD), equivalent to 93 percent of the sum collected in the same period last year, while total investment in society approximated 64 trillion VND, up 7.8 percent. Chairman of the provincial People’s Committee Nguyen Tuong Van attributed the achievements to local businesses and entrepreneurs’ proactiveness in implementing various solutions such as …
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Thai economy predicted to expand 1.3 percent this year
Bangkok (VNA) – Thailand’s economic growth may reach 1.3 percent this year, as forecast by the Fiscal Policy Office (FPO), according to Pisit Puapan , director of the Bureau of Macroeconomic Policy. Pisit was quoted by local media as saying that factors to watch in the final quarter this year include the performance of the export sector, domestic spending, and the results of the government's stimulus packages. If all these factors fail to perform well, the FPO might cut its economic growth forecast, he said. The FPO is scheduled to announce its updated GDP growth projection on October 28. The office projected GDP growth of 4.5 percent in 2022. Pisit believes economic activities in the fourth quarter should improve as Thailand plans to reopen on November 1 to vaccinated foreigners. The COVID-19 infection rate has been on a downward trend since August, he said. The Centre for COVID-19 Situation Administration ( CCSA ) has decided to allow fully vaccinated …
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