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Some 89 percent of respondents said they supported the government’s target of saving lives even if it means the economy might take longer to recover. Globally, only 67 percent of people agreed the government should prioritize lives over the economy, the report said. … [Read more...] about How Vietnam fought a pandemic and won

Hanoi (VNA) - Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee member and Minister of Industry and Trade Tran Tuan Anh. Anh made the statement in his presentation at discussions on January 28 during the on-going 13th National Party Congress. Placing emphasis on the importance of the industrial sector, he said it has been a driver for socio-economic development and the realisation of the country’s industrialisation and modernisation. Along with the achievements brought about by the “Doi Moi” (Renewal) policy, he highlighted several challenges in industrial development. The sector at present mainly engages in simple, low-added value processes such as assembling, a shortage of uniform development, and suffers from loose links in … [Read more...] about Deeper integration into global value chain crucial: Minister

UNESCO expert: Vietnam education reform on right path, recommends better allocation of funds Dominique Altner, Senior Program Specialist at IIEP (International Institute for Educational Planning), spoke to VietnamNet about the development of Vietnam’s education system in the last five years. … [Read more...] about Education Minister outlines 9 achievements, 5 problems in educational sector

HCM CITY — The HCM City Development Joint Stock Commercial Bank (HDBank, HoSE: HDB) has released its 2020 financial statements showing consolidated pre-tax profit of VNĐ5.82 trillion (US$253.6 million), which represents an increase of 15.9 per cent from the previous year and 102.8 per cent of its target. … [Read more...] about HDBank achieves 2020 targets, bad debts ratio at a mere 0.93%

Vietnam also needs to further strengthen its banks’ capital positions and develop its capital markets to improve financial resilience and promote long-term financing, it said. Vietnam should give priority to improving access to land and financial resources, particularly for small and medium enterprises (SMEs), it said. … [Read more...] about Vietnam GDP growth to be among world’s highest in 2020: IMF