return icon

PM urges efforts to revitalize socioeconomic development

As the coronavirus outbreak is mostly under control in Vietnam, it is necessary for the country to take decisive action to revive the local economy while ensuring measures to safeguard public health remain in place.


Prime Minister Nguyen Xuan Phuc speaks at a regular meeting of the Government on May 5 in Hanoi - PHOTO: VNA

Prime Minister Nguyen Xuan Phuc told a regular meeting of the Government on May 5 that global economic growth was negative during the first four months of the year due to the impact of Covid-19, the disease caused by the new coronavirus.

During the period, the Government had promptly issued directives and resolutions to remove obstacles faced by enterprises, address social welfare issues and ensure public safety and security. Consequently, the local economy did not tumble and saw year-on-year growth of 3.82%.

The Cabinet leader cited the International Monetary Fund’s forecast that Vietnam will achieve the highest growth rate in Southeast Asia this year, at an estimated 2.7%, stressing that the country must aim higher since sectors and enterprises have resumed regular activity, with multiple drastic measures being adopted.

Aside from efforts that must be made to achieve the highest possible growth, the head of the Government highlighted the importance of keeping inflation below 4%, bolstering enterprise development and speeding up the construction of infrastruture projects. For instance, transport projects must begin work and the public-private investment format must be converted to public investment.

Further, much more attention should be devoted to social issues, including the upcoming high school entrance exam, the use of a Covid-19 aid package worth VND62 trillion and socioeconomic development projects for ethnic minorities.

The prime minister also underlined a need to disburse VND700 trillion in public investment this year and asked ministries and the relevant agencies to make strong efforts to execute this plan. SGT



Steering committee established to boost economic recovery effort

The Government has established a steering committee for the deployment of the country’s economic recovery and development program, led by Deputy Prime Minister Le Minh Khai.

Entertainment and cultural events of the week (July 4-10)

Upcoming entertainment and cultural events in Vietnam's major cities on July 4-10/2022.

Kim Duyen wins Supra Model Asia at Miss Supranational 2022

Kim Duyen - Vietnamese representative at Miss Supranational 2022 - qualified in the top 11 Supra Chat and was awarded the title of Supra Model Asia of Miss Supranational 2022.

VN Trade Promotion Department lauds ASEAN export opportunites

Vietnamese businesses have many opportunities to increase export goods to Thailand, Laos and Cambodia, according to the Trade Promotion Department of the Ministry of Industry and Trade.

New policy boosts insurance market's long-term development

The newly-issued Law on Insurance Business is expected to positively impact the insurance market's long-term development.

Rules on business in prize electronic games for foreigners

The Ministry of Finance has issued a circular guiding the implementation of some articles of the Government’s Decree No. 121/2021/ND-CP on business in prize electronic games for foreigners in Vietnam.

Vietnam wins 13 awards at “Two country circuit” photo contest

Vietnamese photographers have won 13 medals and certificates of honour in travel, portrait and free categories at the 7th “Two Country Circuit” photo contest 2022.

True Italian Taste 2022 promotes Italian cuisine in VN

True Italian Taste 2022, a project aiming to promote authentic Italian cuisine to the world, has kicked off in Vietnam.

Who will work when so many public-sector staff have been disciplined?

“No need to worry that the country won’t have cadres to work," said Party Secretary General Nguyen Phu Trong.

Labour export to South Korea temporarily halted for eight localities

The Ministry of Labour, Invalids and Social Affairs (MoLISA) has announced that the labour migration programme with South Korea will be temporarily suspended for eight districts, towns and cities.

VN central bank resumes bill issue channel to net withdraw money

The State Bank of Vietnam (SBV) has used the bill issue channel again to net withdraw money out of the banking system for the first time since June 2020.

Extended excise tax deadline does not affect car prices: experts

Decree No.32/2022/NĐ-CP issued recently by the Government, which extends the tax payment deadline for payable excise tax, will not directly affect domestic car prices, according to industry insiders.

Vietnam urgently fighting against climate change

Climate change (CC) in Vietnam is increasingly complicated, with more extreme and severe disasters happening (heat waves, heavy rains, storms, tropical depressions).

Tan Son Nhat to be part of airport urban development project

Ho Chi Minh City aims to develop Tan Son Nhat Airport urban area with commercial and service streets associated with transportation.

Businesses urged to adopt green production to avoid high taxes

If businesses don’t reduce carbon emissions, their exports to the EU will face a new kind of tax, which would make products more expensive, thereby affecting their competitiveness in the market.