Vietnamplus

Indonesia will keep only 30 State-owed enterprises (SOE) by 2034 following the country’s consolidation roadmap between 2024 and 2034, according to Indonesian SOEs Minister Erick Thohir.

The domestic labour market is bouncing back, with 50 million people getting jobs in the first quarter of this year, according to the General Statistics Office (GSO).

Delegates attending the Government’s recent regular meeting shared the view on rosy signs of the national socio-economic situation in almost spheres, according to Minister-Chairman of the Government Office Tran Van Son.

Many silver linings were seen in Vietnam’s economy last month like high industrial production index, export revenue up more than 10 percent and curbed inflation.

Digital technology has the potential to create new jobs for 20-45 million workers in Indonesia, according Indonesian National Development Planning Minister and Head of the National Planning and Development Agency (Bappenas) Suharso Monoarfa.

The expansion of the collective economic sector is equivalent to just about half of the overall economic growth. This sector’s contribution to the GDP has also declined continually, from 8 percent in 2001 to 3.6 percent in 2020.

A national teleconference was held on February 15 to review the 20-year implementation of the Party Central Committee’s resolution on the collective economy and the 10-year enforcement of the Law on Cooperatives.

Harmonious economic and cultural development is the key to the Vietnam Oil and Gas Group (PetroVietnam)'s sustainable growth strategy, constituting its inner strength and brand as well as affirming its position as a strong locomotive and a pioneer in the national economy.

The agricultural sector remained a pillar of the country’s economy, bringing in 35.5 billion USD from the export of agro-forestry-fishery products in the fist nine months of this year, a 17.7 percent increase compared to the same period in 2020, according to the Ministry of Agriculture and Rural Development.

Indonesian President Joko Widodo has emphasised that the COVID-19 pandemic which has lasted for a year and a half cannot delay structural reform of the national economy.

A prison term of 10-11 years has been proposed for Tran Trong Mung, former General Director of the Thai Nguyen Iron and Steel JSC (TISCO), with the main role in wrongdoings at the company, during the ongoing first-instance trial held by the Hanoi People’s Court.

The added value of the industrial sector increased by 3.36 percent last year, higher than the average growth pace of the national economy, statistics show.

The 7th CEO Forum 2020 will be organised in Ho Chi Minh City on November 19, organisers said on November 3.

Prime Minister Nguyen Xuan Phuc on October 31 urged the financial sector to mobilise and effectively use capita resources in order to increase potential for the national economy.

The Ministries of Finance of Vietnam and Hungary signed a memorandum of understanding (MoU) on financial cooperation in Hanoi on October 16.

The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.

Leaders of banks predicted bad debts will not only cause bad impacts in the short term but also in the long run when the COVID-19 pandemic is pushed back, especially in 2021.

The EU-Vietnam Investment Protection Agreement (EVIPA) is expected to create a favourable environment for Vietnam to attract further investment in fields where the EU holds strengths, such as finance, telecommunications, transport, distribution, processing, hi-tech manufacturing, and clean and renewable energy.

The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.

Prime Minister Nguyen Xuan Phuc has called for greater efforts to restart the national economy with the aim of achieving a GDP growth rate of over 5 percent and keeping inflation under 4 percent this year.