Prime Minister Pham Minh Chinh and a Vietnamese delegation visited Tochigi prefecture in Japan on November 23, during an official visit to the country, where the PM asked Governor Tomikazu Fukuda to expand business activities with localities in Vietnam to effectively exploit all potential and available cooperative mechanisms. He also witnessed a signing ceremony for a cooperation agreement between Tochigi and northern Vinh Phuc province.
Having posted good results to date, the State Bank of Vietnam (SBV) will continue to promote non-cash payments in the time to come, according to SBV Governor Nguyen Thi Hong. Eighty per cent of personal payment transactions on non-cash electronic channels are currently free.
It is necessary to adopt consistent and comprehensive financial orientations and solutions to help Vietnam’s economy overcome the shocks from the pandemic, restore production, and develop sustainably, according to Deputy Minister of Finance Vo Thanh Hung. The aim of the financial strategy for the 2021-2030 period will be to reform and improve the quality of financial institutions towards consistency, transparency, and integration.
Developing smart production during Vietnam’s process of industrialization and modernization faces many difficulties and challenges that require methodical strategies and breakthrough policies. The Ministry of Industry and Trade (MoIT) will more thoroughly support businesses in smart production as well as digital transformation, to promote industrialization and modernization.
A flood-based livelihood project implemented by the International Union for Conservation of Nature (IUCN) in the three Mekong Delta provinces of An Giang, Dong Thap, and Long An over the past three years has introduced many effective livelihood models and opened up new farming directions for the wet season, contributing to the diversification of Vietnam’s agriculture.
“Vietnam always stands by APEC member economies, with a vision of an open, peaceful, dynamic, and resilient Asia-Pacific, for the well-being of all people and future generations,” State President Nguyen Xuan Phuc affirmed at the 28th APEC Economic Leaders’ Meeting held online on November 12.
In a recent report, the World Bank (WB) pointed out that many of Vietnam’s socio-economic indicators are showing signs of a positive recovery. It believes the country’s economy has improved and will continue to grow.
There are 89 groups of commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that need to be encoded into Vietnamese law, “The implementing the CPTPP from a law-making perspective” online conference on November 10 heard. The development of legislation to implement the agreement has to date been slower than required.
Vietnam is boosting its plan to “reopen the skies” and resume international flights, with a capacity of 500,000 tourists, according to Civil Aviation Authority of Vietnam Deputy Head Vo Huy Cuong. There have already been two flights to Cam Ranh in Khanh Hoa province and others are expected to be conducted in November.
Besides the opportunities the Regional Comprehensive Economic Partnership (RCEP) will bring once it comes into effect on January 1, 2022, such as increasing export opportunities to major markets, the challenges for Vietnamese enterprises are also significant. If Vietnam does not take advantage of the opportunities, they may become challenges.
Within the framework of his official visit to France, on November 5 Prime Minister Pham Minh Chinh met with Mr. Mathias Cormann, Secretary-General of the Organization for Economic Co-operation and Development (OECD). The Prime Minister proposed that the OECD continue to support Vietnam in its process of socio-economic recovery and development following the pandemic.
According to a report from Plan International released on November 5, Vietnam is among the leading countries in Asia in ensuring the participation of girls in political and policy life. It also leads the region in law and policy and is second in representation and political voice for girls.