Tracking project progress

Vietnam has been one of the best-performing global economies for the past 10 years. Photo: Le Toan In December and January, when the country began to be hit by a resurgence of COVID-19, a team of specialists from the ASEAN+3 Macroeconomic Research Office (AMRO), a regional macroeconomic surveillance organisation based in Singapore, held a virtual annual consultation with Vietnamese authorities. The discussions focused on the impact of the pandemic on the Vietnamese economy and policy response in supporting recovery while maintaining stability. “Vietnam’s economic growth slowed to 2.91 per cent in 2020 due to the pandemic but is expected to rise to 7 per cent in 2021,” said AMRO lead specialist Seung Hyun Luke Hong. “The rebound is expected to be underpinned by a recovery in external demand, a resilient domestic economy, capital inflows, and increased production capacity.” According to AMRO, after a sharp drop in the second quarter, economic growth started to rebound in the … [Read more...] about Economy remains on upward track

Vietnam records six new COVID-19 infections on March 6 evening Vietnam logged six new COVID-19 cases on March 6 evening, all in northern Hai Duong province, the National Steering Committee for COVID-19 Prevention and Control reported. All the new patients had been previously quarantined and are being treated at a COVID-19 treatment hospital in Hai Duong province. By the evening of March 6, Vietnam had recorded a total of 2,507 COVID-19 patients, including 1,584 domestically-transmitted cases. Up to 891 domestic infections have been detected since the third wave of outbreaks hit the country on January 27. The Treatment Subcommittee said that 1,920 patients have recovered from the disease to date, while the number of deaths related to COVID-19 was still kept at 35. Among active patients undergoing treatment, 65 tested negative to the coronavirus SARS-CoV-2 once, 57 twice and 137 thrice. As many as 49,565 people who had close contact with COVID-19 patients or entered Vietnam … [Read more...] about VIETNAM NEWS HEADLINES MARCH 6

Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. … [Read more...] about VIETNAM BUSINESS NEWS MARCH 6

With a low starting point and more than 70% of the population living in rural and mountainous areas, the completion of that task depends greatly on the effective application of scientific and technological achievements as well as the potentials ofeach region in order to restructure and promote the development of agriculture in the direction of commodity production, controlling the domestic market, and step by step reaching out to regional and international markets. The undertakings and policies of the Party and State all aim to affirm that the transfer of scientific and technological application in agricultural production is an especially important breakthrough in promoting agricultural production and rural economy. On October 13, 2015, the Prime Minister signed Decision No.1747/QD-TTg approving a programme on supporting the application and transfer of scientific and technological progress to promote socio-economic development in rural, mountainous and ethnic minority areas in the … [Read more...] about Science and technology contribute to help farmers escape poverty

Former Sagri general director, former HCMC vice chairman face charges The Saigon Times Former Sagri general director Le Tan Hung (L) and former HCMC vice chairman Tran Vinh Tuyen - PHOTO: MINISTRY OF PUBLIC SECURITY HCMC - Investigators at the Ministry of Public Security have proposed indicting Le Tan Hung, former general director of Saigon Agriculture Incorporated (Sagri), and 15 others, including former HCMC vice chairman Tran Vinh Tuyen, for allegedly causing losses of over VND672 billion for the State. The Investigative Police Agency on March 6 issued the findings of an investigation into violations at Sagri, the local media reported. Hung and Nguyen Thi Thuy, chief accountant of Sagri, were accused of appropriating assets and violating regulations on the use and management of State assets, causing losses and wastefulness. In addition, Tuyen; former Sagri Chairman Van Trong Dung; Tran Trong Tuan, former deputy head of the HCMC Party Committee’s office; and … [Read more...] about Former Sagri general director, former HCMC vice chairman face charges