Vietnam reforms and economic growth

The Ministry of Industry and Trade advised local businesses that export agro and seafood products to China to step up monitoring the quality of goods and compliance with China’s regulations on quality standards, quarantine and food safety aimed at facilitating customs clearance procedures. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26

The general development goal for the 2021-2025 period and following years is improving the leadership and ruling capacity and the combativeness of the Party; building a pure and comprehensively strong Party and political system; reinforcing people’s trust in the Party, State and socialism; sparking the desire to develop a prosperous and happy nation with the promotion of the will and strength from the national great solidarity bloc in combination with the power of the era; comprehensively speeding up the cause of renewal, industrialization, and modernization; constructing and firmly safeguarding the Fatherland, firmly maintaining a peaceful and stable environment; and striving to turn Vietnam into a socialist-oriented developed country by the middle of the 21st century. … [Read more...] about 13th National Party Congress: Stepping up renewal process, rapid and sustainable national development

Vientiane (VNA) – Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report. The Asian Development Outlook (ADO) 2020 Update predicts Laos’ GDP to contract by 2.5 percent in 2020, marking its first negative economic growth since 1986-1987. The growth is expected to rebound to 4.5 percent in 2021, suggesting a slow recovery as the pandemic outbreak is said to subside slowly. ADB Country Director for Laos Yasushi Negishi said the COVID-19 outbreak has not only affected the economic growth in 2020 but also hampered the government’s prospect to collect revenues. The Lao government needs to improve macro-fiscal framework and accelerate public finance reform to create more fiscal space to buffer shocks, he stressed. The bank’s report also shows that agriculture would grow at 1.9 percent … [Read more...] about Laos’ GDP forecast to contract by 2.5 percent: ADB

Results showed that so far, about 270 delegates from these provinces have partaken in the events including 300 key planners participating in workshops, and 60 people participating in consultation process – with 30 per cent being women. They are representatives from province, district, and commune levels. “Participants have been equipped with knowledge about impacts of disasters and climate change on all sectors of their localities. Especially, they understand that it is necessary to boost the integration of DRR-CCA in their localities’ SDPs,” stated a report from the Project Management Unit. … [Read more...] about Equipping localities in climate fight