Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said.
Prime Minister Nguyen Xuan Phuc has asked the southern province of Binh Phuoc to work harder to deal with existing problems and optimise its advantages and potential, especially in agriculture.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
The industrial sector of the northeastern province of Quang Ninh enjoyed a year-on-year growth of 11.98 percent in 2020, according to figures revealed by the provincial statistics office on December 29.
The 15-tenure Hanoi People’s Council adopted a resolution on the small- and medium-sized enterprises (SMEs) support project in the capital city from 2021 – 2025 during its 18th sitting on December 9.
Politburo member and Prime Minister Nguyen Xuan Phuc has suggested that the northern midland province of Phu Tho turn tourism into a spearhead economic sector by enhancing the added value and quality of services and diversifying tourism products.
Vietnam is unlikely to reach its target of 1 million enterprises with efficient operation by 2020, according to a draft report recently issued by the Ministry of Planning and Investment (MPI).
Prime Minister Nguyen Xuan Phuc on October 17 urged the central province of Nghe An to form a complex of scientific research and transfer that meets national standards in the next five years, as part of measures to realize the goal of becoming a development hub of the north central region.
The Vietnamese Government resolved to record GDP growth of 2.5-3 percent this year at its recent monthly meeting, Minister and Chairman of the Government Office Mai Tien Dung told a press conference on October 2.
The Ho Chi Minh City Innovative Start-up Centre commenced its construction on October 1, which is expected to be a hub for start-ups amid the fourth Industrial Revolution.
Total social investment in the first nine months of this year increased just 4.8 percent year-on-year to 1,445 trillion VND, the lowest pace during the 2016-2020 period, the General Statistics Office (GSO) revealed on September 29.
A mountainous district in the central highlands’ Gia Lai province, the Kbang revolutionary land covers more than 184,000 hectares with 13 communes and one town. The Bahnar ethnic minority group accounts for nearly 40 percent of the 20 ethnic groups living in the area.
Prime Minister Nguyen Xuan Phuc has called for the continued study of fiscal and monetary policies to stimulate the country’s economy while ensuring macro-economic stability and inflation control.
Party General Secretary and State President Nguyen Phu Trong, who is also Chairman of the Subcommittee on Party documents of the 13th National Party Congress, has written an article emphasizing the need to well prepare and organise the 13th National Party Congress in order to bring the country to a new development period.
The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said.
Prime Minister Nguyen Xuan Phuc chaired an online meeting on July 16 between permanent Government members and localities on speeding up public investment disbursement.
Minister of Planning and Investment Nguyen Chi Dung forecast the country’s economic situation will face big challenges in the second half of the year with huge pressure on inflation control and markets for domestic products.
Minister of Planning and Investment Nguyen Chi Dung has asked localities to bring their advantages into full play to welcome a wave of shifting FDI over the next six months.
Until March 2020, Vietnam has attracted 31.665 FDI projects with registered capital of 370,1 billion USD and implemented capital of 215,6 billion USD. Regarding FDI capital in the localities, Ho Chi Minh city 4,5 billion; Hanoi 34,64 billion USD (accounting for 9,4%) and Binh Duong province 34,61 billion USD.
Secretary of the Hanoi Municipal Party Committee Vuong Dinh Hue has said that the city is willing to listen to enterprises’ feedback to untie “knots” regarding policies, site clearance and planning adjustments, as public and private investment is an economic lifesaver of the city's economy.
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