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5 ngày trước
Vietnam’s socioeconomic development plan for next year has been decided, laying a foundation for the government to apply sturdy solutions to achieve higher growth. However, additional scenarios have been recommended given the prolonged pandemic causing negative impacts on the economy.
Amid the raging global health crisis, Vietnam-chaired ASEAN has fast-tracked its strong commitments in driving the entire bloc forward via a series of actions to weather difficulties this year and beyond.
Despite the pandemic, a gradual bounce in production and confidence of businesses is expected to continue driving the economy to a brighter outlook next year.
An increase in extreme weather events is posing great hardships to many Vietnamese people in the south-central province of Quang Ngai, with many witnessing their homes being destroyed beyond repair by storms and floods. However, one initiative continues to transform lives for the better with the creation of resilient homes for many of those affected.
In a bid to boost institutional reforms towards a modern market economy, further abolishing and reducing business regulations to create a bigger space for the private sector to develop will serve as a new driving force for Vietnam to improve its competitiveness.
With the EU being among the largest importers of Vietnam’s timber products, a fresh decree on legal assurance has marked an important step towards the full implementation of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Vietnam and the EU.
Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see a surplus in current account this year thanks to a possible rise in export turnover.
Despite the aftermath of the global health crisis in Vietnam, an optimistic growth scenario is formulated for the next year, with proposals for heavy investment in infrastructure and practical support for the private sector to drive the economy forward and create more employment.
With her dream of producing the best milk for Vietnamese people, Thai Huong – general director of privately-owned BAC A BANK and founder of TH Group – succeeded in building one of Asia’s largest dairy cow and fresh milk production farms within only a few years, helping to change the nature of Vietnam’s dairy industry and bringing fresh products to the wider world.
US-backed Cargill has been performing effectively in Vietnam for 25 years. Nguyen Ba Luan, Vietnam country president of Cargill, talked with VIR’s Thanh Dat about how the group has been investing in the country, and achieving several milestones spanning across business and community enrichment.