Political economic and socio cultural context of development administration

Hanoi is committed to working closely and effectively with Ho Chi Minh City and the Central Key Economic Zone in tourism. The link between Hanoi, Ho Chi Minh City, and the Central Key Economic Zone [comprising five localities of Thua Thien - Hue, Danang, Quang Nam, Quang Ngai, and Binh Dinh] is very important in the tourism development of those localities and the whole country. Nguyen Hong Minh, Deputy Director of the Hanoi Department of Tourism, emphasized the need for closer connection at the preliminary conference on tourism development linkage between Hanoi, Ho Chi Minh City, and the five localities for 2021-2025 on August 8 in Quang Ngai Province. tourism in Hanoi and six cities and provinces have had positive results in the past time. Photo: Sun Group After two years of implementation, despite difficulties due to the Covid-19 pandemic, the city along with other provinces and cities has actively exchanged information, built new orientations in local … [Read more...] about Hanoi strengthens tourism cooperation with Central Key Economic Zone

ASEAN has become the world's most successful bloc developing based on three pillars: politics-security, socio-culture, and economics. Celebrations marking 55 years of the foundation of the Association of Southeast Asian Nations (ASEAN) were solemnly held on August 8 across the nations, underscoring a harmonious ASEAN community. ASEAN member states' flags. The community, which is peaceful, stable, and prosperous, supports ASEAN's engagement with the broader region, and the region's responses to the impacts and uncertainties caused by regional and global challenges. For the past five decades, ASEAN has become one of the world’s most successful blocs thanks to three pillars namely maintaining a region of peace, stability, and security for decades; developing on a three-pillar direction: politics and security, socio-culture, economics to become one of the fastest-growing regions with GDP of US$3.3 trillion in 2021; being the regional center and prestigious with … [Read more...] about ASEAN: 55 years of unification and development

Illustrative image (Source: VNA) Hanoi (VNA) – Many prestigious international organisations and experts have highly valued Vietnam’s development achievements and prospects, Prime Minister Pham Minh Chinh told a government meeting in Hanoi on August 3. The leader cited forecast by Standard Chartered , VinaCapital, Hongkong and Shanghai Banking Corporation Limited (HSBC), and the Asian Development Bank ( ADB ) as saying Vietnam’s GDP will grow from 6.5% to 6.9% this year. Vietnam has maintained macro-economic stability and major balances, and put inflation under control, creating an important foundation for rapid, sustainable socio-economic recovery and development, he emphasised. Regarding tasks and solutions in the time ahead, the PM asked ministries and agencies to implement their set tasks and plans, and tackle both pending and emerging issues. Priorities should be given to consolidating institutions, he said, urging ministries, agencies and localities to … [Read more...] about Int’l organisations upbeat on Vietnam’s development prospects: PM

The Q&A session of the NA Standing Committee's 14th session will focus on public security, culture, sports and tourism matters (Photo: VNA) Hanoi (VNA) – Issues in the areas of public security and culture, sports and tourism will be the focus of the question-and-answer session of the 15th National Assembly (NA) Standing Committee’s 14th session on August 10, according to a freshly-released plan of the NA Standing Committee. In the field of public security, the questions will focus on State management over cybersecurity, the safety of national cybersecurity system in the current period, and measures to prevent and strictly handle high-tech crimes. The implementation of resolutions of the NA and NA Standing Committee of the National Assembly related to crime prevention and control, especially drug-related crimes, credit shark, and usury will also be included in the agenda of the session, along with the implementation of the issuance of citizen identification cards, the … [Read more...] about NA’s Q&A session to focus on public security, culture-sports-tourism matters

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

The seminar was jointly organized by the National Assembly Council for Ethnic Affairs, the Vietnam National Administration of Tourism, and the Institute of Economics and Culture. It saw the attendance of more than 100 delegates who are leaders, experts, scientists and businessmen, among others. Accordingly, the seminar aimed to provide information concerning theoretical and practical bases for the National Assembly Council for Ethnic Affairs to efficiently perform its functions, and propose the National Assembly and Government to implement appropriate policies and mechanisms to boost tourism developments in the Viet Bac Base. During the seminar, delegates voiced their opinions on linking tourism development with the preservation and promotion of cultural and historical values of the Viet Bac War Zone, contributing to accelerating the sustainable socio-economic development of the six provinces in the Viet Bac War Zone in particular and mountainous provinces in general. Addressing … [Read more...] about Seminar held to promote tourism development in Viet Bac War Zone

The chairman said the COVID-19 pandemic is an opportunity for Vietnam to restructure the tourism industry, turning it into a spearhead economic sector, underlining the need to accelerate restructuring in terms of infrastructure and tourism products on the ground of renewing awareness about the industry. He said that tourism development should be associated with preserving cultural and historical values to educate the tradition while promoting national cultural identity. He noted that tourism development should be linked with the implementation of the national target programs on hunger eradication and poverty reduction as well as the development of mountainous ethnic minority areas and new-style rural building. Hue said that he expects localities to coordinate with the Government, ministries and agencies in accelerating the implementation of the socio-economic development recovery programs, including those supporting businesses and workers in the tourism sector. He hoped that … [Read more...] about N.A. Chairman meets members of economic, culture, tourism club

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

At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. The report’s co-author Dorsati Madani said that while Vietnam’s economic recovery had been relatively stable, not all sectors witnessed the same … [Read more...] about Vietnam’s economic growth forecast at 7.5 percent in 2022: World Bank

Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank