Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM
Science and technology
HCMC hopes for stronger ties with Germany’s Frankfurt city
Chairman of the HCMC People’s Committee Phan Van Mai (R) and Frankfurt Mayor Peter Feldmann at the meeting. (Photo: VNA) Mai said HCMC views Frankfurt as one of the key foreign localities in its external relations. He noted as there remains much potential for bilateral cooperation, the two sides should step up partnerships in trade, investment, information technology, science, environmental protection, and tourism. Meanwhile, Feldmann expressed his hope that in the time ahead, the two cities will further intensify exiting relations and expand cooperation to the areas matching HCMC’s interest and Frankfurt’s strength such as information technology, education, and environmental protection. During their working trip, the Frankfurt delegation will attend the opening ceremony of the city’s representative office in HCMC and an international automotive industry exhibition. They will also visit some German enterprises operating in the southern economic hub of Vietnam. VNA … [Read more...] about HCMC hopes for stronger ties with Germany’s Frankfurt city
Northern Vietnam hit by massive power outages
Around 1 p.m., power went out in Hanoi’s inner districts like Ba Dinh, Cau Giay, Nam Tu Liem, Hai Ba Trung, and Hoang Mai. Nghia, manager of an office building in the Cau Giay District, stated that the power was restored after about 30 minutes. However the voltage spiked to more than 240 kilovolts (kV), causing some electrical equipment to be damaged. The damage is being assessed by building management. An employee of a media company in Hai Ba Trung District reported that while eating lunch at the office, power suddenly went out then came back on and then went out again. The loss of power recurred 10-15 minutes, causing many company equipment to be "turned on and off multiple times." Hanoi University of Science and Technology, located in Hai Ba Trung District, had to announce that "the entire school lost power due to a power grid failure in the city. We hope teachers and students understand for this inconvenience." The power was restored around 2:40 p.m., and normal … [Read more...] about Northern Vietnam hit by massive power outages
HCM City to issue traceability codes for products
Scanning QR Traceable Code. — Photo baochinhphu.vn HCM City plans to issue a list of goods with traceability codes with a goal to have at least 50 per cent of businesses in multiple sectors, such as vegetables, livestock, food and medicine, be able to exchange data with the traceability code system in Viet Nam and the world. Nguyen Thi Kim Hue, deputy director of HCM City Department of Science and Technology, said that traceability is a matter that consumers have great concerns for besides a product’s standards and quality. By establishing traceability, businesses can better monitor the production and distribution of products. This will help with the competitiveness of the product and the businesses domestically and internationally. The city has also issued a plan to implement and manage goods traceability for the 2021-2025 period. — VNS … [Read more...] about HCM City to issue traceability codes for products