Laos 8th national socio economic development plan

At the hybrid event, he also urged keeping a closer watch on the situation, intensifying preventive and grassroots health care and vaccination, and enhancing disciplines; adding that greater efforts are needed to step up production and business, and public investment disbursement. Unnecessary spendings must be cut and the administration done concertedly and smoothly, the leader emphasized. Chinh pointed out uncertainties in the first seven months of this year, including unprecedented ones, such as the conflict in Ukraine, soaring oil and gas prices, inflation in many countries, and epidemics. Meanwhile, the domestic economy has shown limited resilience to external shocks, he noted. Apart from achievements, problems still remain such as inflation pressure and risk, price fluctuations and low public investment disbursement, he said, adding that some socio-economic recovery and development targets have yet to meet expectations. The participants are scheduled to look into the … [Read more...] about Prime Minister chairs government meeting on socio-economic situation

Deputy Prime Minister Le Van Thanh (standing) addresses the conference (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Le Van Thanh on August 4 asked the environment sector to make breakthrough changes in mindset and enhance public awareness of sustainable and environmentally-friendly lifestyle, thus harmonising the relationship between economic development and environmental protection. Addressing a plenary session of the 10th National Environment Conference in Hanoi which drew 600 delegates, Thanh pointed to great challenges in the current environmental protection, including severe environmental pollution in many places and the degradation of biodiversity . He asked the environment sector to continue diversifying resources for environmental protection activities, while paying more attention to the environmental factor in the value structure of goods and services, strengthening the law enforcement in environmental activities, and increasing the use of mechanisms, tools … [Read more...] about Environment sector asked to harmonise economic development-environmental protection relations

Addressing a plenary session of the 10th National Environment Conference in Hanoi which drew 600 delegates, Thanh pointed to great challenges in the current environmental protection, including severe environmental pollution in many places and the degradation of biodiversity. He asked the environment sector to continue diversifying resources for environmental protection activities, while paying more attention to the environmental factor in the value structure of goods and services, strengthening the law enforcement in environmental activities, and increasing the use of mechanisms, tools and State management measures for environmental protection. He also asked ministries, sectors and localities to, right after the conference, promptly build and implement specific action programs and plans, while multiplying good models in the field to make positive changes and obvious outcomes in the work. According to Minister of Environment Tran Hong Ha, the conference, which is held every five … [Read more...] about Environment sector asked to harmonize economic development-environmental protection relations

Illustrative image (Source: baochinhphu.vn) Hanoi (VNA) - Deputy Prime Minister Le Van Thanh has signed a decision approving the National Strategy on Climate Change for 2050. The overall objective of the strategy, set out in Decision 896/QD-TTg , is to proactively and effectively adapt to climate change, reduce greenhouse gas emissions to net zero, and deal with vulnerabilities and risks caused by climate change. Between now and 2030, Vietnam will develop and implement an action plan to reduce methane emissions by 30% compared to 2020. (Photo: VNA) The strategy expects that by 2050, Vietnam will effectively manage water and land resources, improve environmental quality and prevent natural disasters affecting socio-economic development, firmly ensuring the security of national water resources. climate change and has high economic value; strictly managing and protecting existing natural forests; and developing infrastructure that adapts to climate change. … [Read more...] about National Strategy on Climate Change for 2050 approved

N.A. Chairman Vuong Dinh Hue hosted a reception for Anouphap Tounalom, Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee, and Secretary of the Party Committee and Chairman of the People’s Council of Vientiane. According to Hue, during the official visit to Laos by a delegation of the Vietnamese legislature last May, the two sides agreed to enhance cooperation between delegations of N.A. deputies and localities that share the border line and sister localities, including Hanoi and Vientiane. He noted that the two capital cities have set an example for cooperation at the local level, with the sharing of experience in Party building, socio-economic development and activities of People’s Councils. Hue used the occasion to thank Vientiane’s authorities for creating conditions for Vietnamese firms to do business in the city, and called on Anouphap Tounalom and other leaders of Vientiane to further facilitate their operations. For his part, Anouphap Tounalom … [Read more...] about Vietnamese legislature ready to share experience with Laos: top legislator

Lao officials are introduced about the operation of Vietnam’s Son La hydroelectric power plant. (Photo: VNA) Hanoi (VNA) – Officials from the Department of Energy Safety Management (DESM) under the Lao Ministry of Energy and Mines made a working visit to Vietnam’s Son La hydroelectric power plant on August 3 and 4 to study the plant’s operation. The Son La hydroelectric power plant is the biggest of its kind in Southeast Asia, with six turbines having a combined capacity of 2,400 MW. The plant generates over 10 billion kWh of electricity a year. The operation of the plant has ensured absolute safety since it was commissioned nearly 10 years ago. Besides electricity generation, the plant plays an important role in preventing floods in the rainy season and supplying water in the dry season for the Red River Delta , while creating an impetus for socio-economic development in the northwestern region. The Lao delegation has made a field trip and studied the operation of … [Read more...] about Vietnamese, Lao experts share experience in hydropower plant operation

Secretary of Da Nang city Party’s Committee Nguyen Van Quang (right) meets Secretary and Governor of Savannakhet province Santiphap Phomvihane. (Photo: VNA) Da Nang (VNA) – A delegation from Savannakhet province of Laos led by its Secretary and Governor Santiphap Phomvihane paid a working visit to the central city of Da Nang on August 3. Trade and Tourism Fair – Da Nang 2022, saying that it reflects the solidarity, long-term friendship, as well as the interest in connecting for socio-economic development of the two localities' leaders. Savannakhet province , in particular, will make the fair a success, thereby further enhancing trade and investment activities between the two localities in the coming time. Laos ' localities in the fields of construction, commerce and social security as well as introduce a number of potential projects to Da Nang’s enterprises to invest in the neighbouring country./. VNA … [Read more...] about Da Nang, Lao province foster partnership

The National Centre for Socio-Economic Information and Forecast (NCIF) on August 10 launched a workshop assessing the Top 500 Vietnamese largest private enterprises (VPE500). Workers at Ho Guom Garment Company's factory. — (Photo courtesy of Ho Guom Garment) Opening the event, Luong Van Khoi, deputy director of the NCIF under the Ministry of Planning and Investment (MPI), said that domestic private enterprises are playing a more and more crucial role in economic growth. In 2019, Vietnam had 668,503 enterprises, of which 647,632 were private, representing 96.88% of total companies. Private enterprises contributed 15.127 trillion VND (64.7 billion USD) or 57% of total net revenue, and hired 9.075 million employees, accounting for 59.9% of the total employees in the country’s enterprise sector. According to a report conducted by the NCIF and Konrad-Adenauer-Stiftung (KAS), the VPE500 outperforms local private enterprises in terms of size and average … [Read more...] about Nation’s largest firms the driving force for economic growth

Prime Minister Pham Minh Chinh addresses the meeting (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh chaired the first meeting of the state steering committee for national key transport projects in Hanoi on August 10, during which he requested ministries, sectors and localities to apply comprehensive measures to speed up the implementation of the projects to expand development space for regions. PM Chinh noted that the country aims to build at least 5,000 kilometres of expressways by 2030. Over the past 20 years, only 1,100 kilometres of expressways have been constructed, which means the task for the country until 2030 is heavy. He underlined the need to deal with weaknesses during the implementation of the projects, along with the effective settlement of arising problems. The government leader asked ministries, sectors and localities to set up their own steering committees for the implementation of national key transport projects, while regularly … [Read more...] about PM asks for solutions to speed up national key transport projects

Illustrative photo. In a pattern that seems to have prevailed for years, a transport project is usually put into operation soon after its inauguration, but then within a short time there is a need for its expansion or upgrade. What is more surprising is that even projects that are still under construction are being reconsidered for expansion or an upgrade. Such as in the case of the Hanoi Highway which has been expanded four times and still not complete. It may be that this Highway may even be further expanded. The Ho Chi Minh City to Long Thanh to Dau Giay Expressway was started in 2009 with an original design plan of four lanes, then soon after increased to six lanes and now being considered for eight lanes. For all we know it may also be extended to twelve lanes soon. The 17 km long metro line 1 has not yet been put into a trial operation but is being considered for an extension to include the route to Binh Duong and Dong Nai provinces. More recently, the 51 km long Trung Luong … [Read more...] about Constant re-planning of transport projects in Vietnam