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In addition, the draft decree also eliminated the participation of the group of investors, which are foreign investment funds, which are one of the types of investors with abundant capital and experience to support local businesses to develop strategies, operations and human resources. … [Read more...] about Draft amendments to e-commerce activities law discussed

Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB

Ly Dai Hung from the institute’s Macro-economy and Economic Institution Division said that the world situation is showing positive signs, as COVID-19 vaccines have begun to be introduced in countries such as India, Indonesia, and Switzerland and will be expanded to others throughout the year. The world economy will warm up along with the implementation of various economic support packages, thus promoting Vietnam’s trade and investment activities, he said. Delegates from research institutes discussed measures at the conference to boost post-pandemic economic growth based on innovation and digital transformation. They stressed the importance of renewing policies and institutions to encourage the engagement of the private sector in the process. It is also necessary to quickly carry out a digital transformation strategy in line with new economic stimulus packages, they added./. … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

Addressing the event, Deputy Foreign Minister Nguyen Quoc Dung thanked ASEAN member countries for supporting Vietnam in 2020, expressing his belief that Brunei will lead the ASEAN through challenges to recover from the pandemic. Vietnam is ready to cooperate with Brunei in performing the role of ASEAN Chair in 2021. The Vietnamese official suggested using the ASEAN fund for COVID-19 response to buy vaccines, first of all for medical staff, adding that Vietnam called on all ASEAN member countries to fully operate the Regional Reserve of Medical Supplies (RRMS). He stressed that the grouping should optimise the outcomes that ASEAN had achieved in 2020, proposing that key agencies in charge of ASEAN Community’s pillars continue to improve and complete the remaining action lines in the master plan for the 2025 ASEAN Community Vision. He also asked ASEAN to early define the roadmap to build the ASEAN vision 2025 based on the Hanoi Declaration on the ASEAN Community’s … [Read more...] about ASEAN senior officials discuss preparations for AMM Retreat

Tri is in stable health now, with no fever or cough. He and five others had traveled from Myanmar to Thailand on a truck on December 15 and stayed there until leaving for Cambodia on December 23. Then they paid people smugglers to sneak them across the border into Vietnam to avoid quarantining. … [Read more...] about Covid-19 infectee illegally entering Vietnam faces criminal charges