The planning and investment sector has sketched out 13 major tasks for 2021, focusing on introducing measures to support the implementation of socio-economic targets in the 2021-2025 period, economic restructuring, and renovation of the growth model.
Deputy Minister of Planning and Investment Tran Quoc Phuong (Photo: VNA)
Hanoi (VNA) - The planning and investmentsector has sketched out 13 major tasks for 2021, focusing on introducing measuresto support the implementation of socio-economic targets in the 2021-2025 period,economic restructuring, and renovation of the growth model.
According to Deputy Minister of Planning andInvestment Tran Quoc Phuong, the sector will give proposals on specific policiesto continue to remove obstacles and support businesses and people affected byCOVID-19.
At the same time, it will coordinate with relevantagencies in regulating fiscal and monetary policies as well as other policiesto facilitate aggregate demand, removing difficulties facing production andbusiness, promoting growth, maintaining macro-economic stability, reining ininflation, and ensuring major balances, he told an online conference on January8.
He also underlined the immediate implementation of themid-term public investment plan in the 2021-2025 period as soon as it is approved.
Meanwhile, the sector will continue to effectivelymobilise and use investment resources, focusing on optimising the internalstrength of the economy.
The Ministry of Planning and Investment will introducemeasures to speed up the restructuring of the transport services sector, thusenhancing the capacity and reducing logistics costs, while supporting theefficient implementation of free trade agreements.
Illustrative image (Source: VNA)
It will also strengthen the data connection, integration and sharing as well as the use of e-documents and e-signatures as well as online meetings,while speeding up the design and approval of national, regional, provincial, urban, and rural planning schemes in the 2021-2023 period.
Along with expanding effective models of cooperatives andencouraging private enterprises, the sector will also work to support the transformationof the industrial sector, focusing on a number of spearhead sectors and new,high-tech, and supporting industries.
Phuong underscored that the sector will continue strengtheningthe reform of administrative procedures and the single-window mechanism, thusenhancing the quality of services./.
Indonesia will continue to encourage improvement of the investment environment despite the COVID-19 pandemic to revive its economy that is on the brink of recession, said deputy head of Indonesia’s Investment Coordinating Board (BKPM) Nurul Ichwan said on October 6.
The Embassy of Vietnam in Japan and the International Friendship Exchange Council (FEC) jointly held the 60th Business Forum in Tokyo on December 9, attended by representatives from 20 Japanese enterprises.
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 Minister of Planning and Investment Tran Quoc Phuong (Photo: VNA) 
Illustrative image (Source: VNA) 
