Deputy Prime Minister Vuong Dinh Hue speaks at the symposium in Hanoi on June 10 (Photo: VNA)
Hanoi (VNA) – Fast growth is a condition forsustainable development, Deputy Prime Minister Vuong Dinh Hue said at asymposium in Hanoi on June 10.
Amid the Fourth Industrial Revolution (Industry 4.0), Vietnamcan easily lag behind if it does not develop rapidly, he said at the event,which saw the presence of Chairman of the Theoretical Council of the PartyCentral Committee and Director of the Ho Chi Minh National Academy of PoliticsNguyen Xuan Thang, representatives of central sectors, and scientists.
The symposium, held by the Vietnam Academy of Social Sciences (VASS), discussedsolutions to reinforce and create the basis for fast and sustainabledevelopment in the new context in Vietnam.
Director of the VASS’s Centre for Analysis andForecast Nguyen Thang said to capitalise on opportunities and minimisechallenges in Industry 4.0, the country needs to address major issues,including ensuring that regulations are updated to pave the way for newtechnologies and modes of production to be applied in life. It should promoteskills update amid the technology race and solve outstanding socio-economic andenvironmental problems.
It is also critical for Vietnam to learn experienceof other countries, especially those taking the lead in Industry 4.0, he added.
Dang Kim Son, former specialist at the Instituteof Policy and Strategy for Agriculture and Rural Development under the Ministryof Agriculture and Rural Development, said to successfully become anindustrialised nation, Vietnam needs to boost the role of agriculture and ruralareas in industrialisation, application of scientific and technical advances inthe reality, and connection with urban areas so as to promote the quality andsustainable values of the economy.
Other participants at the event also stressedthe necessity for openness and transparency to achieve fast and sustainablegrowth.-VNA
How to develop in a rapid and sustainable way in order to escape the middle-income trap remains a major challenge facing Vietnam’s economy, said Prime Minister Nguyen Xuan Phuc.
Leaders of Ho Chi Minh City recently held a meeting with foreign-invested (FDI) businesses, calling on them to work side by side with the southern metropolis of Vietnam toward the goal of fast and sustainable development.
The Vietnam Export Promotion Forum 2018 was held in Hanoi on April 24 to seek solutions to boost the export of Vietnamese-branded products in a fast and sustainable manner.
Positive socio-economic signs in the first months of 2018 have made economist optimistic about the Vietnamese economy’s outlook for the whole year as well as until 2020.
A symposium on information technology (IT) amid the Fourth Industrial Revolution (Industry 4.0) took place in Hanoi on May 16, looking into features, opportunities and challenges of Industry 4.0 and development orientations for the IT sector in Vietnam.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Deputy Prime Minister Vuong Dinh Hue speaks at the symposium in Hanoi on June 10 (Photo: VNA) 
