Economic growth

For her part, SBV Governor Hong said as the international situation is expected to remain complex and unpredictable in the 2021 - 2025 tenure and the following years, to help successfully carry out the banking sector’s political tasks and the congress’s resolution, it is needed to stay persistent in the target of keeping inflation under control and maintaining macro-economic stability. She stressed the importance of improving statistical, analysing, and forecasting activities; staying proactive, prudent, and flexible in using solutions and monetary policy tools; closely coordinating with other macro-economic policies, especially the fiscal one, so as to enhance the economy’s flexibility and resilience in the face of global economic and monetary changes; and raising the State’s foreign currency reserves. It is also necessary to tackle difficulties facing enterprises and people, assist post-pandemic economic recovery, and boost lending for production and … [Read more...] about Officials highlight circular economy, macro-economic stability at Party Congress

Especially, the sector has announced the opening of 6 Inland Container Depots including ICD Truong Tho in Ho Chi Minh City; ICD Hai Linh in the Northern Province of Phu Tho and ICD Bac Ky in bac Ninh Province in the North. These ICDs have bettered the quality of transport service. In 2020, the Ministry has organized the groundbreaking ceremony for the construction of a canal linking the Day and Ninh Co rivers, which is regarded as the biggest of its kind in the northern region so far. … [Read more...] about Breakthrough in infrastructure construction nationwide in last years

Vientiane (VNA) - Major newspapers in Laos have published articles highlighting the opening ceremony of the 13th National Congress of the Communist Party of Vietnam (CPV). The Pasaxon (People’s) Newspaper wrote on January 27 that the opening ceremony of the 13th National Congress of the CPV was held solemnly on January 26 with the attendance of 1,587 delegates representing over 5.1 million Party members nationwide, under the chair of 17 members of the Presidium. It stressed that the congress has the theme “Strengthening the building and rectification of the Party and the political system into purity and strength; rousing the will and determination for national development and promoting the strength of the great national unity bloc in combination with the power of the era; continuing to comprehensively and synchronously accelerate the cause of reform; constructing and firmly safeguarding the Fatherland and maintaining a peaceful and stable environment; and striving to … [Read more...] about Lao newspapers cover opening of 13th National Party Congress

An aerial view of the Quang Trung Software City in HCMC’s District 12. HCMC has proposed seven solutions to develop the knowledge economy - PHOTO: QTSC HCMC – HCMC Chairman Nguyen Thanh Phong proposed seven solutions to develop the knowledge-based economy while delivering a report, “Developing the knowledge economy-international experience and reality in HCMC”, on the second working day of the 13th National Party Congress on January 27. … [Read more...] about HCMC proposes seven solutions to develop knowledge economy

Hanoi (VNA) - The Solar Storage System (ESS) offers a low-cost and low-emissions solution for peak-hour power supply, helping Vietnam pursue low emissions development and ensuring economic growth, according to an expert at a workshop held in Hanoi on January 27. Mark Leslie, Managing Director of the Green Investment Group at Macquarie Capital, said the solution helps integrate solar power into the grid. Energy storage is the capture of energy produced at one time for use at a later time, to reduce imbalances between demand and generation. According to a representative from the Blueleaf Energy company - an organiser of the workshop - the solar energy storage system allows the use of low-cost solar power at noon to charge and then discharge during peak hours to meet peak loads. Solar power sources are intermittent and fluctuate during the day, thus causing several issues for grid operation. The combination between the source and the energy storage system can lead to more stable … [Read more...] about Solar energy storage system offers low-cost solution for Vietnam