Government policies that promote economic growth

Ly Dai Hung from the institute’s Macro-economy and Economic Institution Division said that the world situation is showing positive signs, as COVID-19 vaccines have begun to be introduced in countries such as India, Indonesia, and Switzerland and will be expanded to others throughout the year. The world economy will warm up along with the implementation of various economic support packages, thus promoting Vietnam’s trade and investment activities, he said. Delegates from research institutes discussed measures at the conference to boost post-pandemic economic growth based on innovation and digital transformation. They stressed the importance of renewing policies and institutions to encourage the engagement of the private sector in the process. It is also necessary to quickly carry out a digital transformation strategy in line with new economic stimulus packages, they added./. … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

The Ministry of Industry and Trade is continuing to provide information related to EVFTA implementation through its website (http://evfta.moit.gov.vn/) while promoting market research to help businesses take advantage of EVFTA-based tariff incentives. The ministry will maintain its weekly agricultural-forestry-fisheries newsletter, build a market information channel to update businesses on market developments, and forecast and evaluate market supply, demand and prices to help businesses prepare appropriate production and trade development plans. It will also promote branding of exports to the EU. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

In addition, enterprises need to understand the actual situation to make accurate decisions. Specifically, enterprises must closely follow market developments and keep up-to-date with information published by ministries and agencies. Given that trade exchanges are disrupted by the Covid-19 pandemic, enterprises need to pay special attention to and promote investment in digital transformation, contributing to strong changes in management and operation, and maintaining and developing relations with partners. In particular, digital transformation is a way for enterprises to be compatible with the government’s public services. … [Read more...] about Additional stimulus packages may be needed to support the economy

"We have basically prepared an important foundation for 2021 and the next five years in terms of production capacity and macro-economic system," he said, noting that given the complicated developments in the region and the world, Vietnam should accept changes in the new condition, including changes in habits and even legal institutions related to economic development. … [Read more...] about PM asks experts to study new driving force for development

-- Vietnam is Canada's second-largest importer of agricultural products and foods in the ASEAN region, with last year’s import value reaching nearly US$314 million, the Consulate General of Canada in Ho Chi Minh City said at an event on Tuesday to promote Canadian ginseng for the first time in the southern city. … [Read more...] about Breakfast @ Tuoi Tre News – January 20