Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA)
Hanoi (VNA)🅰 – Prime Minister Nguyen Xuan Phuc hasrequested striving for an economic growth of over 5 percent and controllinginflation below 4 percent this year.
Concluding the April Government meeting in Hanoi on May 5, PM Phuc said theGovernment would not accept a growth rate of 2.7 percent as forecast by the InternationalMonetary Fund (IMF).
The Government leader asked ministries, agencies and localitiesto offer support to firms, continue improving business environment, especiallystepping up major projects, including 37 trillion VND (1.6 billion USD) worthof public investment by the Transport Ministry, thus creating a driving forcefor the economy.
He said the Government has agreed to issue a thematic Resolution on tacklingdifficulties faced by businesses, accelerate public investment disbursement,and restoring socio-economic development.
PM Phuc highlighted the need to continue working for the double goals, whileeasing social distancing measures to stimulate production and trade, especiallyin urban and tourist areas, adding that it is now a “golden” time to developservices economy.
He instructed promoting the attraction of foreign and private investment,boosting exports and public capital disbursement, and stimulating domesticconsumption.
The Ministry of Planning and Investment (MoPI) was assigned to work with theFinance Ministry, the Ministry of Industry and Trade, and agencies concerned topromptly update growth scenarios and adjust targets related to State budgetcollection, overspending and public debt.
The MoPI must submit reports to Prime Minister before May 10 so that the PMcould report to the Politburo and the legislature at the upcoming session ofthe legislature this month.
The Government basically agreed with the Ministry of Education and Training’sreport on plans for high school graduation and university entrance exams thisyear.
💮 Chairpersons of the people’s committees of cities and provinces must beresponsible for the safety of exams in their localities./.
Ho Chi Minh City’s economic growth in the first quarter was only 0.4 percentage points higher than in the same period last year, Nguyen Thanh Phong, Chairman of the municipal People’s Committee, told a recent online meeting.
Forbes magazine in Israel recently ran article entitled “Why should we think more about Vietnam?” that highlighted the country’s political, economic, and diplomatic achievements and its successful fight against COVID-19.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA) 
