Vietnamplus

Hanoi’s efforts to boost economic development have paid off, cementing the capital’s place as an economic locomotive of Vietnam.

The World Bank (WB) has said the Malaysian government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers. ​

Thailand’s Cabinet on October 7 approved a budget of 3.2 trillion THB (106 billion USD) for the 2020 fiscal year to bolster the country’s sluggish economy.

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.

Minister and Chairman of the Government Office Mai Tien Dung on October 2 affirmed that Vietnam has achieved the highest gross domestic product growth in the past nine years.

Secretary of northern Bac Ninh provincial Party Committee Nguyen Nhan Chien hosted a local reception on October 2 for a delegation from the Russia – Vietnam Friendship Association led by General Director of Russia’s Yaroslav Region Export Support Centre Bagrova Natalia.

Prime Minister Nguyen Xuan Phuc on October 2 called for greater efforts in the last three months of 2019 to complete the yearly targets, thus creating the premise for 2020 when Party congresses at all levels will be organised, towards the 13th National Party Congress.

The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.

A campaign to call for a hundred days without workplace accidents was launched in Ho Chi Minh City on September 27, aiming to raise awareness of safety, hygiene and efforts to prevent the mishaps.

Indonesia’s House of Representative passed the 2020 state budget on September 24, focusing on five prioritised fields, to avoid an economic downturn amid a risk of recession in developed economies and a global trade war.

The Asian Development Bank (ADB) has predicted that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively, after growing robustly at 7.1 percent last year.

The final round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) – a trade agreement between ten ASEAN member states and their six partners: Australia, China, India, Japan, New Zealand and the Republic of Korea – will focus on resolving issues and reaching mutual ground on market openness, trade freedom for goods and services as well as investment.

Experts discussed the role of the state audit in managing waste and wastewater towards sustainable development during a conference held on Hanoi on September 19.

Prime Minister Nguyen Xuan Phuc emphasised Vietnam’s aspiration to develop a strong economy in his speech at a plenary session of the Vietnam Reform and Development Forum (VRDF) 2019 in Hanoi on September 19.

There would be no success if no effort is made to renovate the mindset, actively build economic development methods, and reform mechanisms and policies, said Minister of Planning and Investment Nguyen Chi Dung.

The 39th ASEAN Chiefs of Police Conference (ASEANAPOL) officially started in Hanoi on September 18 under the theme “Honoured by Partnership, Sustained by Unification.”

Vietnam’s economic restructuring and growth model reform in 2016-2020 have been benefiting from positive changes in policies and achievements in the 2011-2015 period, according to economist Nguyen Dinh Cung.

Vietnamese businesses in foreign countries serve as an important bridge to connect domestic enterprises with foreign partners and integrate into global markets, heard a conference held in Ho Chi Minh City on September 12.

Thailand will hold bilateral negotiations with Japan, New Zealand and India in an attempt to finish talks on the Regional Comprehensive Economic Partnership (RCEP) by November.

A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.