HCM City has prepared plans to develop 300 cooperatives and five cooperative alliances in the 2021-2030 period, thus reaching the targeted growth of 7 percent in the cooperative economic sector.
Vietnam’s trade surplus with the rest of the world stood at 6.5 billion USD in the first seven months of this year amidst a decline in global trade due to the COVID-19 pandemic.
Vietnam’s export turnover in the first seven months of 2020 hit an estimated 145.79 billion USD, up 0.2 percent year-on-year, according to the General Statistics Office.
Vietnam achieved a trade surplus of 6.5 billion USD in the first seven months of this year, including 1 billion USD in July, according to the General Statistics Office (GSO).
Prime Minister Nguyen Xuan Phuc suggested the northeastern province of Quang Ninh devise a strategy to develop tourism as its spearhead economic sector, especially in the remaining months of this year and during the new tenure of the provincial Party Organisation.
Just one month after the founding of the Democratic Republic of Vietnam, on October 13, 1945, President Ho Chi Minh wrote a letter to the industrial and business circles in the country, in which he stressed their great role in the cause of national construction.
At a reception in Hanoi on January 8 for Adam Boehler, first CEO of the US International Development Finance Corporation (DFC), head of the Economic Commission of the Party Central Committee Nguyen Van Binh affirmed that Vietnam always supports and facilitates the investment by US firms in general and the DFC in particular.
Vietnam’s export turnover in the last 10 months yearly increased 7.4 percent year-on-year to over 217 billion USD, according to the Ministry of Industry and Trade (MoIT).
Most of Vietnamese economic groups have still been driven by the exploitation of natural resources like oil and gas, coal, minerals and forests, which is labour intensive.
The private economic sector has played an important role in creating a facelift to the infrastructure development in the northern coastal province of Quang Ninh over the recent past.
Deputy Prime Minister Vuong Dinh Hue highlighted that the collective economic sector has escaped from the prolonged weakness while addressing a forum in Hanoi on October 14.
Businesses are the main force of the nation to help promote economic growth, social development, and employment, Deputy Prime Minister Trinh Dinh Dung said while attending the Vietnam Business Forum 2019 in the central coastal city of Da Nang on October 5.
More tourists have come to the Mekong Delta province of Tra Vinh, a wonderland of diverse destinations that deliver big on excellent architecture, history and beauty.
Together with hi-tech industry and sea-based economy, the central city of Da Nang has worked to make tourism one of its spearhead economic sectors, as set by a Politburo resolution.
Close to 8.5 million foreigners visited Vietnam in the first half of this year, a rise of 7.5 percent year on year, reported the General Statistics Office (GSO) on June 28.
Local cooperatives need to mobilise capital from their members or cooperate with enterprise members to improve their production and trading, the HCM City Cooperative Alliance has said.
There is room for the private economic sector to further develop, Prime Minister Nguyen Xuan Phuc affirmed during a reception for representatives from the Vietnam Private Business Association in Hanoi on June 17.
Authorities of the northern border province of Lang Son take promotion as an important work to develop the local tourism and have paid great attention to the populariation of its images to the people both inside and outside the country, according to insiders.
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