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Vo Van Hoan, Vice Chairman of the city People’s Committee, said in the first two months, on average the city collected 2.9 trillion VND each day, which was higher than the average daily revenue. In January, the city collected 40 trillion VND, up 2.9 percent year-on-year, he added. To date it has collected 74,500 billion VND, accounting for more than 20 percent of the year’s target, up 10.5 percent year-on-year. The Tax Department aims to collect at least 25 percent of the yearly budget revenue target in the first quarter. The city’s retail sales of goods and services increased by 4.7 percent, while industrial production went up 6 percent in the first two months. The city’s exports reached 8 billion USD, a rise of 25 percent year-on-year (three major exports with increased revenues are fertilisers, plastic materials and auto spare parts). More than 3,800 enterprises resumed operation in the first two months (up 3 percent year-on-year). Some 700 enterprises completed … [Read more...] about HCM City to meet yearly budget revenue targets

Participants in the event included Vietnamese Ambassador to Cuba Le Thanh Tung and Cuban Ambassador to Vietnam Orlando Nicolas Hernandez. Deputy Minister Son spoke of Vietnam’s situation, including the prominent outcomes of the 13th National Party Congress, measures in response to COVID-19, economic development, and social security ensuring. He affirmed that Vietnam always treasures and wishes to continue deepening the special traditional friendship and comprehensive cooperation with Cuba. For his part, Gonzalez also informed about the situation of his country, countermeasures to address difficulties caused by sanctions and the COVID-19 pandemic, and the updating of the socio-economic model. The two officials reviewed and assessed the areas of cooperation between Vietnam and Cuba, as well as between the two foreign ministries. They also looked into ways to develop bilateral relations in a more intensive and comprehensive manner. They agreed to keep close coordination to … [Read more...] about Vietnamese, Cuban deputy foreign ministers hold political consultation

Photo: hcmct A seminar themed “Vietnam towards a new decade and the future” was held in Hanoi on August 18. The seminar attracted many scientists, managers, domestic and international experts, and international organisations. In his address to the seminar, Prime Minister Nguyen Tan Dung highlighted three breakthroughs and 12 groups of major tasks to build and put into action Vietnam’s development strategy for the 2011-2020 period. The PM said that the strategy aims to improve the efficiency of state management, push through administrative reform, strengthen the Party’s leadership and promote the people’s right to democracy in building up the state apparatus. The PM stressed that participants should openly present opinions and suggestions to help complete the draft strategy. The event was co-organised by the Vietnam Academy of Social Sciences with the technical support provided by the World Bank. Source: VOV … [Read more...] about Seminar discusses Vietnam’s socio-economic development

PANO - The 14 th ASEAN Finance Ministers Meeting opened in Nha Trang on April 8 th with the participation of the representatives from the World Bank, the Asian Development Bank and the International Monetary Fund. Addressing the event, Mr. Juan Jose Daboub, the World Bank’s Managing Director, congratulated ASEAN on its role from the start of the global economic crisis. He said developing countries of the East Asia & Pacific region are the first to emerge from the global economic crisis and have the potential to grow rapidly in the next decade despite the uncertainties in the global economy, if they carry out reforms with renewed vigor and further cooperate on regional economic integration and climate change. The WB Managing Director also discussed with Deputy Prime Minister Nguyen Sinh Hung and Governor of the State Bank of Vietnam, Nguyen Van Giau, recent economic and social developments in Vietnam as well as their partnership in support of the country’s … [Read more...] about World Bank reaffirms support for Vietnam’s socio-economic development

PANO - The Asian Development Bank (ADB) and the Vietnamese Government on January 17 th signed four loan agreements valued at $176 million to help the Vietnamese Government on capacity building to strengthen public-private partnerships (PPP) and infrastructure investments, enhance competitiveness of towns along Greater Mekong Subregion (GMS) economic corridors, improve food safety, as well as develop national capacity to mitigate HIV risks. With the first loan agreement, ADB provides US$20 million from its Asian Development Fund (ADF) to fund the Public Private Partnership Support Project. The project will use the fund to establish a Project Development Facility (PDF) to help bring efficient PPP projects to the market. Ministries and government agencies will use the PDF to fund PPP project preparation activities, including pre-feasibility studies, full feasibility studies and the engaging of transaction advisors to structure deals to bring to the private sector for bidding. … [Read more...] about ADB provides US$176 million for Vietnam’s socio-economic development