Vietnam economic problems

A teacher in Hanoi at an online lesson. Such home-developed platforms like Azota is very convenient and effective for teachers, especially for online learning. (Photo: VNA) Hanoi (VNA) – Nguyen Lan Anh, a primary school teacher, used a social media chat app to send and receive homework when online classes became the norm. The teacher with the Lang Thuong Primary School in Hanoi’s Dong Da district said it took a lot of time because she had to download, grade the work and send it back to her students. Of late, however, her burden has been considerably eased by home-developed platforms like Azota, designed specifically for generating questions and exercises. “This application is very convenient and effective for teachers, especially for online learning. For online exams, the system will display the student’s name, status and submission time,” Anh told Vietnam News Agency. In addition to serving as a database for teachers and students, the platform also helps promote cohesion … [Read more...] about Make-in-Vietnam key to making nation a digital powerhouse

Dinh Vu Industrial Park in nothern Hai Phong city. (Illustrative photo - Source: VNA) Hanoi (VNS/VNA) - Experts from UNIDO and Vietnam shared their knowledge to evaluate the eco-industrial park model according to the international framework, at a recent online workshop. The two-day workshop was co-held by the Eco-Industrial Park Project Management Board in Vietnam, and the Ministry of Planning and Investment in collaboration with the Vietnam Cleaner Production Centre between January 13 and 14. The workshop is part of the project “Eco-industrial parks intervention in Vietnam - Perspective from the Global Eco-Industrial Park Programme" co-operated by the ministry and the United Nations Industrial Development Organization (UNIDO) with funding from the Swiss Federal Economic Agency (SECO). The project is designed to promote activities to support the industrial parks in participating in the project to identify opportunities for eco-industrial parks, to bring environmental and … [Read more...] about Experts evaluate Vietnam’s eco-industrial park model

At the launching ceremony for the project (Photo: VNA) Hanoi (VNA) – The Ministry of Planning and Investment (MPI) and the US Agency for International Development (USAID) on January 18 launched a project on building the competitiveness of Vietnam’s small and growing businesses (SGBs). USAID , will encourage broad-based, inclusive economic growth through improved business practices, innovation and technology adoption, policy reform, and increased market access. SGBs , with 240 businesses successfully participating in domestic, regional and international markets. USAID/Vietnam Mission Director Ann Marie Yastishock said the launch of the project reiterates the US Government’s commitment to helping Vietnam strengthen its economic competitiveness, materialise its socio-economic development strategy for 2021-2030, and promote sustainable growth of the SGBs. Vietnam ’s GDP and employ 85 percent of labourers nationwide. However, these businesses face barriers and … [Read more...] about USAID funds project to improve private sector competitiveness in Vietnam

Catfish processing for export (Photo: VNA) New York (VNA) - The US-based Fibre2Fashion portal has recently run an article highlighting several foreign financial organisations’ relatively positive predictions for Vietnam’s economy, saying that its growth is expected at 6.5-6.7 percent in 2022. The article wrote that Standards Chartered Bank recently forecast that the Southeast Asian nation’s gross domestic product (GDP) growth will be 6.7 percent this year and 7 percent in 2023. Fibre2Fashion quoted Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered, as saying that the Vietnamese economy should continue to bounce back in 2022 as the pandemic improves. The expert also noted that COVID-19 remains a key risk, at least in the short term. Therefore, the first quarter could see a full resumption of factory operations, after closures in the third quarter of 2021, and government stimulus; and clearer recovery is expected in March, the article wrote. … [Read more...] about Vietnam’s 2022 economic growth projected at 6.5-6.7 percent: Fibre2Fashion article

The project will contribute to improving the business enabling environment in Vietnam. The US Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) launched a US$36 million project focused on building the competitiveness of small and growing businesses. Delegates attend the launching event on January 18. Photo: USAID Vietnam The five-year project was first announced during US Vice President Kamala Harris’ visit to Vietnam in August 2021. The project will be implemented in cooperation with MPI’s Agency for Enterprise Development. Small and growing businesses are key contributors to Vietnam’s economic growth, accounting for 40% of GDP and 60% of total employment in 2018. However, these businesses face barriers and constraints impeding their continued and sustained growth, including new technologies, networking, market linkages, and lack of access to management training and skills-building opportunities. … [Read more...] about USAID launches $36million project on improving competitiveness of Vietnam’s private firms

The US Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) on Tuesday launched a new project that will focus on building the competitiveness of Vietnam’s small and growing businesses. Participants at the launching event in Hanoi on January 18 The five-year, up to $36 million project was first announced during US Vice President Kamala Harris’ visit to Vietnam in August 2021. The project will be implemented in cooperation with MPI’s Agency for Enterprise Development. Small and growing businesses are key contributors to Vietnam’s economic growth, accounting for 40% of GDP and 60% of total employment in 2018. However, these businesses face barriers and constraints impeding their continued and sustained growth, including new technologies, networking, market linkages, and lack of access to management training and skills building opportunities. USAID’s new Improving Private Sector Competitiveness project … [Read more...] about USAID supports Vietnam’s small and growing businesses

HÀ NỘI — Strengthening economic cooperation between Việt Nam - ASEAN+3 towards economic recovery and development, as well as repelling the impact of the COVID-19 pandemic were discussed at a meeting among ambassadors of ASEAN+3 countries in Hà Nội on Monday. Speaking at the event, Deputy Minister of Planning and Investment Trần Quốc Phương said that for nearly 30 years, Việt Nam had actively participated in ASEAN economic integration and joined with ASEAN member countries to build an important foundation for the official establishment of the ASEAN Economic Community (AEC) in 2015. ASEAN has become one of the leading trade and investment partners of Việt Nam, an important driving force to help Việt Nam maintain its economic growth rate for many years, added the deputy minister. In addition, the partnership between Việt Nam and Japan, South Korea and India had also achieved many important achievements, he noted. The three countries have effectively supported and co-operated … [Read more...] about Promoting economic co-operation between Việt Nam and ASEAN+ 3

Such a database would serve as a foundation for the formation of a digital society and stay in line with the global trend of digitalization. Developing the application of population database, e-identification and e-authentication would serve as the breakthroughs for Vietnam’s national strategy on digitalization in 2022 and subsequent years. Prime Minister Pham Minh Chinh. Photos: Nhat Bac Prime Minister Pham Minh Chinh gave the remarks at a national conference on the implementation of such a project to support Vietnam’s national digital transformation in the 2022-2025 period, with a vision to 2030, held today [January 18]. The project’s main objectives are to realize five groups of utilities, including realizing administrative procedures and providing online public services; supporting socio-economic development; assisting digital citizens; finalizing an ecosystem for connectivity, utilization, and enrichment of population database; aiding the policy-making … [Read more...] about Completion of population database among breakthroughs in Vietnam’s digitalization drive: PM

A train runs on part of the Cat Linh-Ha Dong metro line in Hanoi, which was funded by Chinese ODA (Photo: VNA) Hanoi (VNA) – On behalf of the Vietnamese Government, Minister of Health Nguyen Thanh Long has sent via the Chinese Embassy in Vietnam a video-recorded speech to Chinese people on the occasion of the 72nd founding anniversary of the two nations’ diplomatic relations (January 18, 1950 – 2022). In his remarks, Long affirmed the bilateral friendship and neighbourliness, fostered by Presidents Ho Chi Minh and Mao Zedong as well as generations of Vietnamese and Chinese leaders, have become a precious asset of the two Parties, States, and peoples. Developing the countries’ comprehensive strategic cooperative partnership is a top priority in Vietnam’s foreign policy of independence, self-reliance, multilateralisation, and diversification, the official stressed. He said with delight that the bilateral ties grew stably and fruitfully last year. Expressing his belief in … [Read more...] about Speeches mark 72nd anniversary of Vietnam – China diplomatic ties

Russians are interested in Vietnamese dried fruit Zero customs Ta Hoang Linh, director of the European-American Market Department, said the Eurasian market of 28 countries, stretching from Eastern Europe to Central Asia, is a potential export market for Vietnamese goods. Under Vietnam’s free trade agreement with the Eurasian Economic Union (EAEU) implemented over the past five years, most Vietnamese goods exported to the EAEU are entitled to zero percent tax rate. According to the General Department of Vietnam Customs, trade turnover between Vietnam and Eurasia reached US$12.7 billion in the first 11 months of 2021, an increase of 13.1 percent compared to the same period in 2020. Of the total, Vietnam’s exports reached US$8.6 billion, a year-on-year increase of 10 percent, while imports reached US$4.1 billion, up 20.5 percent annually. Vietnam’s exports remained modest compared to their import demand estimated at about US$1.345 trillion, or only 0.66 percent of the market … [Read more...] about Vietnam promotes untapped potential of exports to Eurasia