Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said that the government should throw out a second support package that prioritizes strong businesses that have survived the pandemic, while those that are weak should withdraw as that is the nature of a market economy. … [Read more...] about Vietnam to grow 6.8 pct a year in the next five years
Foreigner in vietnam
Repairs on Vietnam’s two undersea cables to take another month
Issues with branches of the Intra Asia (IA) cable connecting Vietnam with Hong Kong and other parts of Asia, which experienced technical problems starting January 1, are scheduled for completion a day earlier, on February 21. Repair works on the branches will start on February 1. … [Read more...] about Repairs on Vietnam’s two undersea cables to take another month
Vietnam’s ambitious plan to reduce the number of road traffic-relating death to zero by 2045
From 2021 to 2030, Vietnam aims to clear all road traffic accident hotspots and accident-prone sites. All new roads and those under maintenance will meet road safety criteria before opening for traffic. All new national highways and provincial highways and 75 per cent of the total length of existing highways across the country meet at least Level 3 of global road safety standards. … [Read more...] about Vietnam’s ambitious plan to reduce the number of road traffic-relating death to zero by 2045
WHO Representative praises Vietnam’s COVID-19 fight
Regarding COVID-19 vaccines, Park stated that as of January 19, 237 candidate vaccines are under development globally. Of these, 64 are either under clinical trial, and some of them have been in phase 3 or being authorized for emergency use in some countries. Some vaccines are under review of WHO emergency use listing. WHO recognises Vietnam’s active participation in this global effort with a candidate vaccine being developed in the country, and acknowledges one of them have already started clinical trial phase 1 and others are also shown well progress to start the clinical trial soon. This is really impressive, he said. “It is a pride of biotechnology in the country,” he asserted. One year since the first case of COVID-19 confirmed in the country (January 23, 2020-2021), thanks to the effective implementation of key measures in the prevention and control of the panemic, the number of infections in Vietnam stand at only 1,548, including 35 deaths./. … [Read more...] about WHO Representative praises Vietnam’s COVID-19 fight
Vietnam to consider legal framework for cryptocurrency
The article suggests to first classify cryptocurrencies according to their economic functions such as means of payment and exchange, investment instruments/securities, and utility tools. The classification would help determining suitable regulations for as well as the types of taxes to impose on them. … [Read more...] about Vietnam to consider legal framework for cryptocurrency