Vietnamplus

Breakthrough changes in mechanisms, policies are needed for the private economic sector’s development, experts said.

Clear mechanisms and policies play a specially important role as a launching platform for the private economic sector to make breakthroughs and greatly contribute to the national economic development.

Vietnam, as ASEAN Chair 2020, presented 14 initiatives, priorities and cooperation plans at the first meeting of the ASEAN Senior Economic Officials for the 51st ASEAN Economic Minister’ Meeting (SEOM 1/51), which took place in Hanoi from January 12-14.

Multilateral parliamentary diplomacy plays an important role amidst the rapid and complex developments in the regional and global situation, Vice Chairwoman of the Vietnamese National Assembly Tong Thi Phong has said.

A cultural exchange night between Vietnam and Japan took place in the central coastal city of Da Nang on January 12 with the attendance of Prime Minister Nguyen Xuan Phuc and Secretary General of the Liberal Democratic Party (LDP) of Japan Nikai Toshihiro.

As many as 12 collectives and 52 individuals of the Vietnam’s National Assembly were presented with the Lao State’s orders and medals in Hanoi on January 9.

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.

Having set foot on Vietnam Airlines’ flights, tourists will immediately experience Vietnamese vibe and cultures.

The banking sector has recorded many important hallmarks in 2019, especially the adjustment of a series of policies to help stabilise credit institutions.

The year 2019 was full of difficulties, and thanks to high efforts of relevant parties, the stock market did not witness a big collapse, said an official of the State Securities Commission of Vietnam.

For 2020, Vietnam’s agricultural sector targets a gross domestic product (GDP) growth rate of 2.8 – 3 percent and an agro-forestry-fishery export turnover of more than 42 billion USD.

Vietnam and the US recently unveiled the logo of the 25th founding anniversary of their diplomatic ties (July 2020), which also marks 25 years since the normalisation of bilateral diplomatic relations

The number of women-owned businesses increased from 21 percent in 2011 to 24 percent in 2018, according the Vietnam Chamber of Commerce and Industry (VCCI).

Boasting a long list of tangible and intangible cultural heritage, the northern province of Bac Ninh has huge potential to develop its non-smoke industry.

Vietnam ends 2019 as the Southeast Asian No 1 in football, following the December rankings released by FIFA on December 19.

Vietnam is one of the countries that have actively responded to the 16 Days of Activism for No Violence against Women and Children, and called on all people to join such efforts.

Forestry sector maintained a high growth of over 5 percent this year, with forestry product export reaching 11.3 billion USD, up nearly 20 percent from 2018.

Yen Tu Mountain is located in the northeast of Vietnam, in Uong Bi city, Quang Ninh province, about 50km from Ha Long Bay and about 110km from Hanoi capital.

International economic integration has helped An Giang’s key exports such as agricultural and fishery products, as well as frozen vegetables and fruits occupied many major markets like the US, the EU.

The Mekong Delta province of Hau Giang has set the goal of attracting one million visitors, including 70,000 international tourists, by 2025.