Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18.
A number of bidding packages under the Green Transport Development Project, to develop a new Bus Rapid Transit (BRT) corridor in HCM City, are scheduled to be kick started in the fourth quarter of 2021, according to the HCM City Management Board for Traffic Works Construction and Investment.
Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB).
The national target programme on electricity supply for rural, mountainous and island areas will reach approximately 871,263 households between 2021 and 2025, as heard at a conference held in Hanoi on January 14 to review its implementation in the past five years.
Secretary of the Hanoi Party Committee Vuong Dinh Hue told Carolyn Turk, World Bank (WB)’s Country Director for Vietnam that Hanoi is in need of great resources for infrastructure development amidst its fast urbanisation during their meeting in Hanoi on January 12.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, and foreign investors, said foreign experts on the Gulf Today newswire on January 7.
The Ministry of Natural Resources and Environment, in coordination with the World Bank, held a Final Workshop for the “Vietnam Partnership for Market Readiness” project in Hanoi on December 29. After 5 years of implementation, up to now, the project has made basic preparations, paving the way for the formulation of carbon market policies.
Vietnam gained 2.7 billion USD from shipping an estimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10 percent of the world’s coffee value and 18 percent of the market share, according to the Ministry of Agriculture and Rural Development (MARD).
The year 2020 can be said to be the most successful year of Vietnam during 2016-2020, as the country is among the few in the world posting a positive growth rate amidst the COVID-19 pandemic, Prime Minister Nguyen Xuan Phuc has affirmed.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move, said an article recently published on SeekingAlpha content service.
Indonesia has continued revising its economic growth forecast for this year to a contraction of between 2.2 and 1.7 percent amid an increase of COVID-19 infections and tightened restrictions.
The Ministry of Industry and Trade (MoIT) on December 23 held a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn, to help the domestic business community make the most of the opportunities brought about by trade deals to which Vietnam is party.
The Ho Chi Minh City People's Committee has urged the city’s Management Authority for Urban Railways (MAUR), the Management Board for Traffic Works Construction and Investment and relevant agencies to speed up implementation of the first bus rapid transit route (BRT No 1), which will connect with Metro Line No 1.
The Asian Development Bank (ADB) and the Government of Vietnam on December 22 signed a 5 million USD grant agreement, funded by the Women Entrepreneurs Finance Initiative (We-Fi), to support Vietnamese women-led small and medium-sized enterprises (WSMEs) whose access to finance has been weakened because of COVID-19.
Deputy Prime Minister Pham Binh Minh attended the Vietnam Business Forum (VBF) 2020 in Hanoi on December 22, with the theme “Challenges and Opportunities in the New Normal”.
The Vietnam Bank for Social Policies (VBSP) was awarded the “Labour Hero in Renewal Period” title for its contributions to promoting sustainable poverty reduction, new-style rural area building and ensuring social welfare policies in the country, at a ceremony on December 21.
Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”.
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