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The recent storms causing misery in central Vietnam may have left large wounds in the lives of poor residents in the south-central province of Quang Ngai. However, many of them are able to avoid the very worst thanks to firm shelters provided through a jointly-funded special scheme.
With many businesses becoming gradually exhausted and in critical need of state support, many National Assembly members have asked the government to apply feasible solutions to lift them out of woes. What will the government do to continue assisting them in the time to come?
With Vietnam acting as ASEAN chair this year, the bloc will likely sign the Regional Comprehensive Economic Partnership this week during the 37th ASEAN Summit, where Vietnam will also call for more investment from regional nations and the bloc’s partners.
Feeling insecure about the national financial situation, the National Assembly and the government have continued highlighting strict management of the state budget this year, when there will be a higher-than-expected budget deficit caused by a rise in spending due to the pandemic and a reduction in revenue from businesses.
Vietnam and Japan are entering new horizons for further bilateral investment ties, with the former becoming a key market for the latter’s businesses to shore up their supply chains overseas.
With Vietnam strongly accelerating the construction of infrastructure works in service of national socioeconomic development, Japan is expected to continue supporting its strategic partner in this industry, following its top leader’s first-ever official visit to the Southeast Asian nation this week.
The business community in Vietnam is waiting for clear legal documents on digitalisation development for them to perform better in the country.
Vietnam’s fourthquarter economic outlook is brighter on the back of a rise in domestic consumption and public investment.
Though resurgence of the pandemic left a grey mark on domestic production which began to bounce back since April, it remains a key driver of economic growth, spearheaded by the processing and manufacturing sector.
The 41st General Assembly of the ASEAN Inter-Parliamentary Assembly will be held virtually for the first time this week, helping to enhance Vietnam’s international prestige.