Vietnam is considered one of the 10 nations with the highest gross domestic product (GDP) growth in the world in 2020 and one of the 16 most successful emerging economies, Party General Secretary and State President Nguyen Phu Trong has said.
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.
Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover to the country surging 24.5 percent to an estimated 76.4 billion USD.
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.
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.
Vietnam has 513 social housing projects for workers, 249 of which with 5.2 million sq.m of floor area are completed, or 41.7 percent of the plan, according to figures from the Ministry of Construction.
The northwest mountainous Ha Giang provincial People’s Committee and the United Nations Development Programme (UNDP) have helped construct 26.5km of new rural roads connecting 17 hamlets of Yen Minh district and four other hamlets of Dong Van district.
Farmers in protected areas of Cambodia who participate in wildlife-friendly farming via the ‘Friendship Rice Project’ can expect an income boost for their wildlife organic crops, according to Khmer Times.
The Mekong Delta province of Tien Giang plans to turn 7,700ha of unproductive rice fields into high-value crops to adapt to climate change and natural disasters in the 2020-2025 period.
The Thai Ministry of Commerce has announced that it had ordered all provinces to find vendors participating in the 50:50 co-pay campaign who raised their prices in an effort to receive a larger subsidy.
The development of the collective economy must originate from people’s demand and be in line with the actual conditions and market economy rules, Prime Minister Nguyen Xuan Phuc said on December 22.
Hanoi’s Duong Lam ancient village, renowned for its unique houses built with wooden frames and fortified with laterites, still preserves typical features of old villages in the Red River Delta.
The Japan Centre for Economic Research has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035.
Japanese Ambassador to Vietnam Yamada Takio has told leaders of the southern province of Binh Duong that his country supports transport projects connecting Binh Duong with regional localities and cooperation in investment for major projects using Japanese ODA.
Permanent Cabinet members on December 18 looked at the Government’s draft Resolution No.1, which sets leadership and management orientations for the whole year of 2021.
The south-central province of Ninh Thuan is focusing on strengthening the management and protection of natural forests, afforestation and developing the forest economy in association with building livelihoods for people in the buffer zone.
Vietnam’s child labour rate is approximately 2 percentage points lower than the regional average for Asia and the Pacific, found the second national child labour survey, which was released on December 18.
Politics
