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.
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 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.
Ho Chi Minh City must regain the position as the locomotive of the national economy, Prime Minister Nguyen Xuan Phuc said at a video conference with key officials of the southern hub on May 8.
Government support policies are urgently needed for businesses affected by the COVID-19 pandemic in order to protect the national economy and people’s livelihoods, according to a business leader.
Administrative and Bureaucratic Reform (PANRB Ministry) Minister Tjahjo Kumolo, Manpower Minister Ida Fauziyah, and Religious Affairs Minister Fachrul Razi have signed a joint decree regarding national holidays and collective leave in 2020.
Vietnam will optimise external resources to spur national economy as the impact of the outbreak of acute respiratory disease caused by a new coronavirus (COVID-19) on foreign investment flows into the country is visible, according to the Ministry of Planning and Investment (MPI).
The non-State sector is playing a greater role in the economy with its proportion in the society’s total investment rising fastest among all economic sectors’.
Business
