Vietnam continues to be one of the fastest growing economies in the world, said David Jarkulisch, a diplomat from the Embassy of the Czech Republic in Hanoi.
Ho Chi Minh City has achieved its “dual goal” of containing the Covid-19 pandemic and reviving the economy, Nguyen Thanh Phong, Chairman of the municipal People’s Committee, told a recent meeting.
The Ministry of Natural Resources and Environment, in coordination with the World Bank, held a Final Workshop for the “Vietnam Partnership for Market Readiness” project in Hanoi on December 29. After 5 years of implementation, up to now, the project has made basic preparations, paving the way for the formulation of carbon market policies.
Vietnam is working hard to build a stable and transparent investment and business environment, thus becoming a destination for international human and capital resources, so it would be unreasonable for the country to devaluate its currency, experts have said.
Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”.
The US Treasury Department’s labelling of Vietnam as a currency manipulator is biased, as it is only based on US standards and lacks suitable consideration as well as recommendations from international organisations, according to experts.
From mid-2021, users of Singapore's PayNow and Thailand's equivalent PromptPay will be able to send money instantly and securely across the two countries with their mobile phone numbers at competitive rates, according to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
The amount of money migrant workers in the ASEAN bloc sent home fell in the second quarter of the year amidst the COVID-19 pandemic, in a worrying sign for household incomes and local economies, according to the latest report from the ASEAN+3 Macroeconomic Research Office (AMRO).
Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.
Relations with overseas Vietnamese people are an important part of Vietnam’s foreign policy, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh said.
Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.
HCMC saw overseas remittances rise by 6 percent year-on-year to 4.2 billion USD in the first nine months of this year, despite the economic fallout of the COVID-19 outbreak.
High-quality human resources will play a decisive factor in the success of the country’s digital transformation process, Deputy Prime Minister Pham Binh Minh said at a conference held in Ho Chi Minh City on October 30.
Remittances flows into Ho Chi Minh City reached 4 billion USD in the first nine months of 2020 despite impacts of COVID-19 pandemic, representing a rise of 2 percent over the same period last year, according to a municipal official.
A conference gathering together overseas Vietnamese entrepreneurs was held in Ho Chi Minh City on October 27, with a view to tapping into this resource to contribute to the southern economic hub’s development.
Most economic and financial indicators continue to demonstrate Vietnam’s resilience, according to the Vietnam Macro Monitoring report for September of the World Bank (WB).
The Committee for Overseas Vietnamese Affairs of Ho Chi Minh City held a get-together on August 28 on the occasion of the 75th anniversary of the August Revolution (August 19) and National Day (September 2).
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XIII National Congress of Communist Party of Vietnam
