The Ministry of Planning and Investment (MPI) plans to submit its economic recovery project to competent authorities for approval in October, with the 2022 to 2023 period to be identified as the ideal time for recovery efforts.
|Minister of Planning and Investment Nguyen Chi Dung addresses the event. (Photo: Zingnews.vn)|
This information was unveiled by Minister of Planning and Investment Nguyen Chi Dung during a teleconference held on September 14 to devise socio-economic development plans and public investment in 2022 for the northern midland, mountainous regions and the Red River Delta.
This comes following Prime Minister Pham Minh Chinh asking the Ministry of Planning and Investment at a regular Government meeting to design scenarios aimed at economic recovery and development moving forward into the new situation.
According to a MPI report, a majority of northern localities such as Hanoi, Hai Phong, Vinh Phuc, Hung Yen, and Thai Binh are unlikely to fulfill their set economic targets due to the impact of the COVID-19 pandemic.
However, a number of other localities such as Quang Ninh, Bac Ninh, Ninh Binh, Nam Dinh, and Ha Nam may meet and exceed their set targets, recording growth rates of 10.5%, 6.45%, 8%, 8.5%, and 9.3%, respectively.
Hanoi’s economy is expected to expand by approximately 4.54%, far lower than the set plan of between 7.5% and 8.0%, according to Ha Minh Hai, vice chairman of the Hanoi People’s Committee. Hau also said the capital is developing growth scenarios ahead for the second half of the year.
The MPI also pointed out that despite the global positive economic outlook, there remains several potential risks, including a financial crisis and a public debt ratio. In addition, there are other factors, such as escalating trade tensions among major powers, the complicated nature of the pandemic, and natural disasters, along with challenges caused by Industry 4.0, that may affect the national economy.
At present, the Government is striving to secure sufficient vaccines for national immunization, aiming to achieve herd immunity by early 2022, a factor which is expected to provide the firm foundation for the economy to get back on track.
Simultaneously, Vietnam is working hard to attract foreign investment, taking advantage of new generation free trade agreements (FTAs) it has signed its partners.
In its report, the northern region is projected to achieve growth of roughly 7.91% in 2022, with the per capita income to reach about VND110 million per year and its export earnings to hit US$98 billion.
One of the highlights of 2022 is the restructuring of the local tourism industry, which is regarded as a key focus as part of post-pandemic economic rebound, according to the MPI.
The MPI suggested that provinces restructure the tourism sector to adapt to the new normal state by strengthening connectivity among popular destinations and designing package tours aimed at attracting visitors.
The ministry also recommended that northern localities which play hosts to the SEA Games competitions and some regional & international tourism events seize upon the opportunities from these occasions in 2022. In addition, taking advantages of FTAs such as the EU–Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will greatly contribute to boosting economic development in the near future.
Ministry investigates evasion of trade remedies for cane sugar
HÀ NỘI — The Ministry of Industry and Trade (MoIT) on Tuesday issued a decision to investigate the evasion of trade remedies for cane sugar products originating from Thailand after considering requests from domestic sugar producers.
The ministry said it has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) and domestic cane sugar refineries, which submitted evidence that Thai cane sugar products subject to anti-dumping and anti-subsidy taxes have entered the Vietnamese market through five ASEAN countries of Laos, Cambodia, Indonesia, Malaysia and Myanmar.
The MoIT officially imposed anti-dumping and anti-subsidy duties on a number of sugar cane products originating from Thailand on June 15, 2021.
Data of local customs agencies shows that the volume of sugar imported from the five above-mentioned ASEAN countries had increased sharply to 527,200 tonnes from 107,600 tonnes after Viet Nam initiated an anti-dumping and anti-subsidy investigation into sugar from Thailand from October 2020 to June 2021.
Meanwhile, the import volume from Thailand has decreased by nearly 38 per cent, from 955,500 tonnes to 595,000 tonnes in the period.
The MoIT has actively coordinated with the VSSA to monitor the import of cane sugar products and actively consulted and assisted the VSSA, as well as the domestic cane sugar industry, in collecting information and data and making a petition to request an investigation into this behaviour. —
Santorini masterpiece on the most beautiful avenue of Vung Tau downtown
Project inspired by Santorini Paradise, a destination of Hollywood stars
Santorini is a mainstay on the list of Top 10 paradise islands by the famous American Travel + Leisure Magazine. The island has also been voted as one of the Top 20 most expensive vacation destinations in the world with five-star luxury resorts. It is apparent why many famous Hollywood stars choose Santorini for vacationing.
Rumor has it that “Mrs. Smith” Angelina Jolie once bought a villa right on Santorini island for annual vacations. If you ever get lost here, you will most likely come across Tom Hanks and his wife, Shakira and Pique, or basketball player Michael Jordan. Music star Justin Bieber has also been to Santorini to enjoy the delicious food and wine. The island’s famous specialty is made from grapes grown on the volcanic mountains.
Santorini has always been an irresistible magnet with its characteristic Cycladic architecture, an integral part of the Mediterranean culture. Cycladic architecture is famous for its uniqueness and charm, providing the islands with minimal aesthetics but with a daring style. The most prominent characteristic of this architectural style, are the white washed cube houses built next to and on top of one another.
|Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau|
Visit Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau
Visitors looking for a taste of Greece need not go that far anymore. Léman Cap Residence now captures the essence of the paradise island Santorini in its design and architecture. Travel lovers can now visit the made in Vietnam Santorini to admire the beauty of the island on Ha Long Street in Vung Tau.
Ha Long is the most bustling street in Vung Tau with well-developed transport infrastructure surrounded by thousands of five-star entertainment services. Along the avenue lie many famous tourist attractions such as Front Beach, Pineapple Beach, Nghinh Phong Cape, Bai Dau and Bai Sau tourist areas, which welcome millions of tourists every year.
Just a few minutes walk from Léman Cap Residence apartment to Ha Long Street, you can easily access a variety of branded shophouses, specialty restaurants, entertainment services, temples and churches, which are the cultural symbols of Vung Tau. Being located on the central route of the city, visitors can reach other areas quickly and easily via Long Thanh International Airport, Ring Road 4 connecting Vung Tau with the western region, as well as many other highways.
The masterpiece Léman Cap Residence fascinates with its unique Santorini architecture with characteristic white and blue colours. The project offers remarkable and unique ocean views while leaning against the green hills. A forest in the middle of the busy street, Léman Cap Residence is a separate resort complex with green nature, blooming flowers and chirping birds all year round.
|Léman Cap Residence is located in Ha Long street – the most beautiful central avenue in the coastal city of Vung Tau|
Léman Cap Residence will leave impression on people with its beauty. Léman Cap Residence is a unique Santorini masterpiece with the immense blue sea in front and the fresh green mountains behind. Meanwhile, the surrounding areas are bustling and colourful entertainment complex.
Léman Cap Residence: Masterpiece Santorini – A diamond on the most beautiful central avenue in the coastal city of Vung Tau
Vietnam aims to become world’s farm produce granary
The national digital transformation program says Vietnam will develop hi-technology agriculture with a focus on smart and precise agriculture, while increasing the proportion of digital agriculture in the economy.
Opening the forum on digital transformation in Vietnam’s agriculture, Truong Gia Binh, Chair of the Vietnam Digital Agriculture Association (VIDA), stressed that it’s necessary to conduct strong digital transformation in e-commerce, e-payment, logistics and agriculture operations. If Vietnam can successfully do these, it will become a country with great competitive potential.
“Our land is situated in the area which doesn’t need heating in winter. It allows us to harvest many crops all year round. We still develop agriculture with 2/3 of population in rural areas. Vietnam’s IT is developing rapidly. All these factors will turn Vietnam into a farm produce granary of the world,” Binh said.
Deputy Minister of Information and Communications Nguyen Huy Dung said the important role of agriculture in maintaining the survival of the society has been confirmed in the pandemic. Agricultural development is the foundation for socio-economic development.
Digital transformation in agriculture needs to be implemented on the basis of data. It’s necessary to have big data about land, crops, livestock and aquaculture; apply digital technology to automate production and business processes, and supervise origin and product supply chains, ensuring transparency, accuracy, safety and food hygiene; and deploy the initiative ‘every farmer is a businessperson and every cooperative is a business utilizing digital technology’.
Also, it’s necessary to conduct digital transformation in management to have reasonable and timely policies for agriculture development, such as market forecasting and planning management.
According to Dung, the goal is that farmers make products at the lowest possible cost and sell products at the highest possible price. Digital transformation is one of the keys to reach that goal.
Minister of Agriculture Le Minh Hoan said Vietnam is facing three challenges, including climate change, market fluctuations and changes in consumption trends in the world.
However, challenges could turn into opportunities. Vietnam is shifting from the period of agricultural production into the period of an agricultural economy based on technology and digital transformation.
Prof Tran Dang Xuan from Hiroshima University said that 70 percent of Vietnam’s farm produce is from small-scale farming households. These households should be put at the center. Of smart agriculture production areas, Mekong Delta should be put at the center. Farmers should learn how to make online transactions. The Government should create policies to encourage farmers to develop digital agriculture.
The scholar said that Vietnam should learn from Japan when developing digital agriculture by sending students to Japan every year for internships.
Stone grinder collection tells part of Vietnamese culture
Stuck in Da Lat, young man takes photos and decides to stay long time
Unique features of Ha Nhi people’s costumes
President Phuc proposes solutions to provide vaccines for developing countries
Côn Đảo to return to ‘new normal’ under province’s proposal
Acecook recalls products exclusive to EU
PM Pham Minh Chinh: Vietnam treasures ties with US
Delivery services suspended in six HCM City districts, Thủ Đức City
‘Phu Quoc sandbox’ expected to net 2-3 million visitors by this year’s end
Vietnam asks Singapore for Covid-19 vaccines
Da Nang museums attracting domestic visitors with free entry policy
Nom, nom, Việt Nam – Episode 76: Fried cheese sticks
In Sa Pa, ethnic children forced to peddle on streets in bitterly cold night
Nom, nom, Việt Nam – Episode 74: Huế beef noodle soup
New pedestrian mall to become new hotspot in HCM City
Business7 days ago
American investor earns VND1,000 billion from Vietnam’s hot stock
Business2 weeks ago
VIETNAM BUSINESS NEWS SEPTEMBER 9
Business2 weeks ago
VIETNAM BUSINESS NEWS SEPTEMBER 11
Entertainment-Sports2 weeks ago
National broadcaster acquires Futsal World Cup 2021 screening rights
Society2 weeks ago
VIETNAM NEWS HEADLINES SEPTEMBER 11
International2 weeks ago
Novavax expects to make available at least 2 bln COVID-19 vaccine doses in 2022
Business2 weeks ago
Top legislator attends Vietnam-Finland Business Roundtable
Entertainment-Sports1 week ago
People’s Artist, Vietnam’s animation director Ngo Manh Lan dies at 87