The south central province of Ninh Thuan plans to start construction of a liquefied natural gas (LNG)-fueled power complex, the first of its kind in the province, in Phuoc Diem commune, Thuan Nam district, in the third quarter of 2021.
Prime Minister Nguyen Xuan Phuc chaired an online conference between the Government and localities on December 28 on the implementation of the 14th National Assembly’s resolution on socio-economic development tasks in 2021.
Vietnam’s gross domestic product (GDP) this year is expected to grow by 2.91 percent compared to 2019, according to Director General of the General Statistics Office (GSO) Nguyen Thi Huong.
Vietnam needs to increase policies to promote the development of the domestic mechanical engineering industry and enable local manufacturers to compete with foreign competitors.
The United Nations General Assembly approved Vietnam’s initiative with a resolution proclaiming December 27 as the International Day of Epidemic Preparedness. Prime Minister Nguyen Xuan Phuc delivered a message on the Day (December 27,2020).
The purchasing power in the domestic market is expected to increase by between 15-20 percent from now until the 2021 Tet (Lunar New Year), with food products seeing the strongest rise, said Tran Duy Dong, Director of the Ministry of Industry and Trade (MoIT)’s Domestic Market Department.
The General Department of Vietnam Customs has put forward various policies to accelerate public administrative reforms and support domestic exporters and importers since the beginning of this year in response to the impacts of the COVID-19 pandemic.
The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises (SOEs) to make them spearheads in key industries of the economy.
A finance ministry official on December 24 asked the customs sector to exert every effort to surpass the target of 315 trillion VND (13.6 billion USD) in State budget collection in 2021.
2020 has been a tough year for the agricultural sector with various risks and challenges from COVID-19 pandemic and natural disasters and climate change impacts such as drought, saltwater intrusion and flooding, according to Associate Prof. Dr. Dao The Anh, Vice Director of the Vietnam Academy of Agricultural Sciences (VAAS).
Vietnam successfully accomplished its role as ASEAN Chair 2020 in the context of COVID-19’s impact being beyond imagination, the Director of the Vietnam Economic Research Institute (VERI), Hiroyuki Moribe, has said.
Vietnam is working hard to build a stable and transparent investment and business environment, thus becoming a destination for international human and capital resources, so it would be unreasonable for the country to devaluate its currency, experts have said.
The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of 12 billion USD in 2025, 40 percent higher than this year.
Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year.
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