Economy continues to maintain growth momentum: NA official

Vietnam’s socio-economic situation has shown positive signs with the economy maintaining growth momentum in the first months of 2019, according to Nguyen Duc Kien, vice chairman of the National Assembly (NA)’s Economics Committee.
Economy continues to maintain growth momentum: NA official ảnh 1The forum on “Socio-economic Situation of Vietnam in 2019” takes place on September 26 – 27. (Photo: VNA)

ThuaThien-Hue (VNA)
– Vietnam’s socio-economic situation has shownpositive signs with the economy maintaining growth momentum in the first months of 2019,according to Nguyen Duc Kien, vice chairman of the National Assembly (NA)’sEconomics Committee.

Global tradeand investment’s growth is likely to fall short of the pace projected by internationaleconomic and financial institutions this year, harming the country’s economy, Kien told a forum titled “Socio-economic Situation of Vietnam in 2019” on September 26 – 27.

Thegovernment’s efforts to reform, remove barriers for the domestic economy andutilise opportunities from international economic integration will determinethe country’s economic situation in 2019, he added.

The forum was hosted by the Germany-based Hanns Seidel Foundation incooperation with the NA to assess major socio-economic issues in Vietnam. Italso aims to make recommendations to boost the country’s development.

Participants discussed four main topics, namely Vietnam’seconomic situation overview in 2019 and impacts of free trade agreements, major issues of Vietnam’s economy in2019, major socio-cultural issues of Vietnam in 2019, and recommendations for Vietnam’s socio-economicdevelopment in 2020.

According toreports at the event, the global economy is in a period of “high uncertainty” as about 70percent of the economies, mostly developing, are projected to experienceeconomic slowdown in the wake of escalating trade tension between major nations.

However, apositive outlook has remained for Vietnam’s economy as the macroeconomy hasbeen stable, inflation is under control and the Consumer Price Index (CPI) in the first half of the year expanded2.64 percent, the lowest over the past three years. The six-month GrossDomestic Products (GDP) grew by 6.76 percent, lower than a year ago but higherthan the same period in 2011 – 2017.

Theparticipants also highlighted major social issues, notably violence againstchildren, child sexual abuse and school incidents that have sparked public outrage.

Child sexualabuse and violence have occurred in most cities and provinces nationwide, saidHoang Thi Tay Ninh, Child Rights Governance (CRG) Programme Manager at Save TheChildren. Close to 3,000 cases were reported from 2017 – 2018, uncovering 3,400offenders and 3,200 victims, she noted, adding that child sexual abuseaccounted for more than 50 percent of the cases.

She said it is critical to develop and reinforce the local childprotection system and facilitate community-based child protection mechanisms.She also urged improving the capacity of social workers and volunteers andenhancing inter-sectoral coordination in this matterwhile authorities must strengthen education and communications to raise publicawareness of child rights and child rights-related law and policies./.
VNA

See more

Import and export activities at the Mong Cai border gate. (File photo: VNA)

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Rohit Khurana, an automotive expert at Car Blog India. (Photo: VNA)

Green SM poised to make mark in Indian market

Green SM's strengths, including a dedicated fleet, professional drivers and premium electric limousine models, can help differentiate the company and attract customers seeking higher-quality services in India.

The opening ceremony of the Hue Festival Trade Fair 2026. (Photo: VNA)

Hue Festival Trade Fair 2026 opens with 240 booths

For Hue, the fair is also an opportunity to introduce the image of a dynamic and business-friendly locality while promoting local specialties, One Commune One Product (OCOP) items and outstanding rural industrial products, helping stimulate trade, services, tourism and investment attraction.

Deputy Minister of Finance Cao Anh Tuan at the meeting with the delegation of the RoK Embassy led by Ambassador Choi Young-sam on June 12 (Photo: mof.gov.vn)

Ambassador pledges more contributions to Vietnam – RoK economic links

Deputy Minister of Finance Cao Anh Tuan congratulated Ambassador Choi Young-sam on his successful tenure in Vietnam and praised his contributions to the substantive and productive development of the Vietnam – RoK Comprehensive Strategic Partnership across various fields, including economic and financial cooperation.

The working session between Deputy Minister of Industry and Trade Nguyen Hoang Long and IKC Representative Director and Executive Vice President Atsuhiko Hirano in Hanoi on June 12 (Photo: Vietnamese Ministry of Industry and Trade)

Vietnam, Japan cultivate energy collaboration

Deputy Minister of Industry and Trade Nguyen Hoang Long urged Idemitsu to leverage its role as a strategic shareholder and team up with other partners to respond swiftly to geopolitical shifts, ensuring a stable, sustainable crude oil flow to the refinery.

Leaders of Bamboo Airways and Rakso Holdings Co.Ltd sign an MoU to promote cooperation in the aviation, tourism and service sectors at the forum in Seoul on June 12. (Photo: VNA)

FLC Group seeks to expand investment cooperation in RoK

Ambassador Vu Ho suggested enhancing Vietnam – RoK ties in tourism, aviation and flexible investment models to develop flagship projects meeting high standards, helping herald a new cooperation phase between the two countries.

Delegates press the buttons to launch the Meiko Yen Quang semiconductor manufacturing plant project. (Photo: VNA)

Work starts on 500-million-USD Meiko semiconductor plant in Phu Tho province

The project has an initial investment of more than 500 million USD and will focus on artificial intelligence and space technology-related applications. Once fully operational, it is expected to generate annual revenue of around 530 million USD per year and create approximately 2,000 jobs for local workers.

Coffee, often referred to as the “brown gem” of Lam Dong, is one of the province’s signature agricultural products. (Photo: VNA)

Lam Dong reshapes coffee industry to elevate export value

Lam Dong plans to strengthen branding and trade promotion efforts, develop coffee-growing regions linked to geographical indications, expand digital traceability systems and make greater use of free trade agreements (FTAs) to diversify export markets.

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.