In the year of ASEAN Chair 2020, Vietnam has really worked in the “cohesive and responsive” manner as the theme of the chairmanship’s year. It has helped ASEAN member states stay united in fight against the pandemic and in recovery plans that are partly revealed through the regional Covid-19 response fund and reserve of medical supplies. … [Read more...] about How Vietnam weathers global health crisis and rises?
Factors influencing interest rates
Mr. Nguyen Duc Hien, Deputy Head of the Central Economic Committee, said that over the past ten years, urbanization and urban development in Vietnam had seen rapid growth, promoting the country's economic development and achieving many set targets. The space and number of urban areas have increased rapidly from 33.5 percent in 2010 to nearly 39 percent in 2020. Urban areas were evenly distributed, creating a nuclear driving force for the process of socio-economic development. The urban economy is one of the three pillars of the economy, accounting for more than 7 percent of the country's gross domestic product (GDP). However, urbanization and urban development still show many shortcomings, such as the risk of imbalance in development between urban and rural areas, overloaded infrastructure, and asynchronous connection. Assessing the real estate market recently, Mr. Nguyen Van Sinh, Deputy Minister of Construction, said that the development of the real estate market is not sustainable. … [Read more...] about Urbanization spurs socio-economic development
Nguyễn Thị Thanh Mỹ, deputy director of the city Department of Natural Resources and Environment, elaborated on the task at a recent meeting held to review implementation of climate change response plans over the last four years and set out orientations and tasks for the next decade. … [Read more...] about HCM City to improve solutions to climate change response
Residents, particularly students and migrant workers, should be encouraged to change their daily habits to support environmental protection activities, such as saving water, using solar batteries, and limiting the use of plastic bags and extracting groundwater. … [Read more...] about City reaches 12 of 18 pollution-reduction goals
Vietnam to change tax, customs policy to encourage automobile industry Developing an automobile industry is a part of the strategy to turn Vietnam into a modern and industrialized country by 2030. More preferences for the industry will be offered in the time to come. … [Read more...] about When will taxes be lowered to reduce automobile prices?