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Vietnam is embarking upon its next development stage as a higher middle-income country pursuing innovation to achieve further sustainable development, thus creating a new growth model based on higher productivity.
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The Award Gala for the competition “ Women entrepreneurs planning for success” has taken place on November 25 in four different locations in Hanoi, the northern city of Haiphong, and Ho Chi Minh city.
With the attractiveness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which is now drawing interest from some non-member nations, the US administration has been urged to rejoin the deal which can provide numerous benefits to the Americans. If the world’s biggest economy does so, the bilateral trade and investment ties between the US and Vietnam will further flourish.
While working with the international community to combat climate change, Vietnam has made a strong commitment to cut down greenhouse gas emissions – however, this would also mean the country will have to revise development strategies of sectors using fossil fuels.
Boosting public investment and further supporting struggling enterprises to recover will be key momentum for achieving higher economic growth moving into next year.
As a central part of its economic restructuring plan until 2025, Vietnam will continue providing policy and financial assistance to investors and businesses with projects to digitalise themselves, which will help drive higher quality in economic growth.
More strong commitments to ratify the Regional Comprehensive Economic Partnership are promising to put this trade deal into force soon, facilitating member states to expand trade and investment ties.
With Vietnam seriously hit by difficulties caused by the health crisis, the country’s 2021-2025 Economic Restructuring Plan is to prioritise further support for struggling enterprises as one of the key remedies for the nation to reach 1.5 million private firms and an annual economic growth rate of 6.5-7 per cent over the next four years.
The second session of the 15th National Assembly (NA) that began this morning and will last for 17 days will discuss many crucial issues that can have a significant impact on national socio-economic development.
The second session of the 15th National Assembly will kick off this week, with a major focus to be placed on discussing solutions to further support businesses hurt by the health crisis, and ensuring foreign investment growth continues in a positive direction in the long term.
In spite of massive woes, Vietnam’s goods import-export landscape is gaining momentum thanks to bit-by-bit recovery in domestic production and gradual reopening of many foreign markets.
The slowdown in the economic recovery has earned Vietnam lower-than-expected growth forecasts from some high-profile international organisations – but one of the key solutions will be accelerating vaccinations in addition to materialising policies to help enterprises and individuals out of woes.
The government’s fresh hallmark action programme on implementing the country’s 2021-2025 socioeconomic development plan will lay firm groundwork for continued renewal of the economy’s growth model, with one of the top priorities being the application of digital solutions.
A continued trade deficit over the past few months and an expected drop caused by the global health crisis in inflows of foreign investment are unlikely to weaken Vietnam’s external position this year.
How can we create strong ecosystems to ensure safe, sustainable, and liveable cities in the future? What are the best practices in this field and what can we learn from them? Dr. Thai Lai Pham, CEO for Siemens ASEAN and Vietnam, talked with VIR’s Thanh Dat about Siemens’ answers for these challenges and the company’s unique digital offering for smart cities.