Somalia gdp growth

Illustrative image (Photo: https://www.medcom.id/) Jakarta (VNA) – The National Development Planning Agency (Bappenas) of Indonesia is targeting to add 1.8 million workers to the green economy sector by 2030, spreading across energy, electric vehicles, land restoration, and waste treatment. Green Economy Index one of the macro development targets, and include it in the mid-term and long-term national development planning documents. Indonesia , including average gross domestic product (GDP) growth of 6.1–6.5% per year until 2050; and reducing 87–96 billion tonnes of greenhouse gas emissions during 2021–2060, and a 68%-reduction in emissions intensity by 2045. green economy could also help Indonesia increase the area of mangrove forests to 3.6 million ha by 2060, Arifin said./. VNA … [Read more...] about Indonesia targets 1.8 million more jobs to green economy by 2030

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

Illustrative image (Photo: ledgerinsights.com) Bangkok (VNA ) – The Bank of Thailand (BOT) on August 10 raised its key policy rate by 25 basis points (0.25%) to 0.75%, aiming to keep the country's increasing inflationary pressures in check. The BOT forecast that Thailand's economic growth this year will be 3.3%, up 0.1% from its previous projection. For 2023, it predicted growth of 4.2%, down 0.2%. The central bank also maintained its forecast that the annual inflation stays at 6.2%. Raising the interest rate signaled that the BOT was shifting its focus by tightening monetary policy in order to prevent spiraling inflation that could weigh on economic growth . The BOT also noted that the Thai economy is recovering after the COVID pandemic was controlled./. VNA … [Read more...] about Thailand’s central bank hikes rate for first time in four years

Finance Minister Sri Mulyani Indrawati (middle) giving a speech after a plenary cabinet session regarding the Financial Note and the 2023 Draft State Budget at the Presidential Palace Complex in Jakarta on August 8. (Photo: ANTARA) Jakarta (VNA) – Indonesia n Minister of Finance Sri Mulyani has said that the country's state budget for 2022 is better than the previous year. This is reflected in the financial debt and budget deficit which are projected at below 4% of the gross domestic product ( GDP ) by the end of this year, she said at a government meeting on the state budget on August 11. Mulyani said she expects the budget deficit can be at 3.9% of GDP compared to the previous forecast of 4.5%. state budget that is beginning to improve./. VNA … [Read more...] about Indonesia’s state budget in 2022 exceeds expectations

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

The virtual conference takes place in all cities and provinces According to the Ministry of Education and Training, the average teacher/class ratio has not met the requirements under the new education program initiated in 2018. Currently, the education sector still lacks teachers of English and Informatics for primary schools and Music and Fine Arts subjects for high schools when applying for the General Education Program 2018 from the school year 2022 - 2023. At the conference, leaders of the education sector in cities and provinces continued moaning about the problem of teacher shortage. Mr. Tran The Cuong, Director of the Hanoi Department of Education and Training in the capital city of Hanoi proposed that the Government should allow schools with large numbers of students to have three vice principals. He recommended that the government should allow schools to sign working contracts with professional teaching as well as to allow schools in Hanoi to raise the building block … [Read more...] about Places short of teachers due to low wages

Cao Son Coal, the company with the largest mining output in Vietnam, on July 19 announced to improve and expand the capacity of the Cao Son coal mine in Cam Pha in the northeastern province of Quang Ninh, to meet high production requirements. Coal mining companies are increasing output to deal with power generation shortages, Le Toan The mine has total reserves of almost 52 million tonnes, with a designed capacity of about 4.5 million tonnes per year. By upgrading the reserves, Cao Son’s coal mine is expected to complete a record high mining output of 6.78 million tonnes in 2022. Phan Quoc Viet, director of Cao Son Coal, said, “We have mobilised equipment to maximise the exploitation of raw coal at the Cao Son mine. In 2021, we achieved a mining output of over 6.4 million tonnes.” Many miners feel that Cao Son Coal’s plan to increase output faces many challenges, especially considering the increasingly difficult and complex open-pit mining conditions. Similar to … [Read more...] about Power shortage worries increase hunger for coal

MerryLand Golf Club has unique terrain overlooking the sea, bay, and mountain As general manager of many famous golf clubs all over the world, what brought you to MerryLand Golf Club? The creative design team of Greg Norman and the vision of a high-class developer who is creating a world-class golf club. I believe the vision that Hung Thinh Corporation has for MerryLand Golf Club is truly amazing and I wanted to be part of that journey. The course itself will be quite unique due to the topography and its location along with its integration within MerryLand Quy Nhon. The course will play a little over 7,200 yards from the championship tees and with multiple tee ground options available, the course will be both playable and challenging for golfers of all abilities. The Par 72 course will also provide spectacular views overlooking Mai Huong Bay. What is the difference between MerryLand Golf Club and other golf clubs in Vietnam, which will make golfers visit more than … [Read more...] about MerryLand Golf Club expects to be the most ideal golf course

Coordinating Minister for Economic Affairs Airlangga Hartarto (Photo: republika.co.id) Jakarta (VNA) – Indonesia ’s Coordinating Minister for Economic Affairs Airlangga Hartarto announced on August 11 that the government is preparing to stop allocating the budget for COVID-19 handling and national economic recovery ( PC-PEN ) from the end of this year. According to him, based on Law No. 2 of 2020 concerning State Finance and Financial System Stability for COVID-19 Handling Efforts, the state budget deficit has been allowed to exceed 3 percent of the national gross domestic product (GDP) for three years till 2022 The government will not allocate a budget for COVID-19 handling and national economic recovery, but this does not mean that it will not continue its programmes in the health and social protection sectors, the minister clarified, adding that the fund will entirely be returned to each sector like before the COVID-19 broke out. Earlier, Finance Minister Sri … [Read more...] about Indonesia announces end of pandemic handling fund