NA, Gov’t officials consult with experts on socio-economic affairs
A consultation with experts on socio-economic affairs took place in Hanoi on September 27 under the chair of National Assembly (NA) Chairman Vuong Dinh Hue and Vice Chairman Nguyen Duc Hai.
Chairman Vuong Dinh Hue (centre) chairs the meeting with experts in Hanoi on September 27. (Photo: VNA)
Hanoi (VNA) – A consultation with experts on socio-economic affairs tookplace in Hanoi on September 27 under the chair of National Assembly (NA) ChairmanVuong Dinh Hue and Vice Chairman Nguyen Duc Hai.
Theevent gathered heads of NA agencies, ministries, and ministry-level agencies;representatives of some international organisations in Vietnam such as the UNDevelopment Programme (UNDP), the World Bank, the Asian Development Bank (ADB),the International Monetary Fund (IMF), and the International LabourOrganisation (ILO); along with economic experts and enterprises.
NAVice Chairman Hai said opinions raised at the consultation are a precioussource of information for the law-making body to make decisions on importantsocio-economic issues. The forum is also a place for experts, scientists, andofficials to express their in-depth, independent, and constructive viewpointsto boost quality and sustainable socio-economic development.
Hestressed that Vietnam has taken a number of measures to curb the COVID-19pandemic, but the prolonged social distancing in many localities, includingprovinces and cities in key economic regions, industrial parks, and export processingzones, has caused considerable socio-economic impacts, including on businesses’operations and people’s life.
Representatives from some international organisations at the consultation. (Photo: VNA)
Thereare signs that the Vietnamese economy has yet to catch up with the globaleconomy in 2021. While the economy of the world and many countries has changedfrom contraction in 2020 to expansion this year, Vietnam’s economic growth isforecast to fail to achieve this year’s target and increase not much from 2020.
Thisproblem needs to have its reasons identified to work out appropriate solutions,Hai said, adding that it is highly important to identify challenges so as towork out solutions and implement plans for the rest of the year and devise theones for 2022.
Hehighlighted the Vietnamese Party and State’s viewpoint of staying focused oncontaining the pandemic to protect people’s health and lives, creating thefoundation for recovering and developing the economy, and reviving economicactivities to provide resources and conditions necessary for the COVID-19fight.
TheNA official emphasised that the economy and society are issues of nationalimportance needing breakthrough solutions, asking participants for opinions andrecommendations to help the Government build policies for the time ahead./.
The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic.
Representatives of foreign invested enterprises and business associations in the central city of Da Nang have made a number of proposals to the city on measures to recover production, one of which is to speed up COVID-19 vaccination for workers, in the hope of quickly resuming full production.
National Assembly (NA) Chairman Vuong Dinh Hue has signed a resolution on the provision of support to labourers and employers affected by COVID-19 using the unemployment insurance fund.
Prime Minister Pham Minh Chinh on September 26 presided over an online meeting with representatives of the business circle and localities to discuss measures to continue supporting firms in the context of the COVID-19.
Prime Minister Pham Minh Chinh has ordered ministries, agencies, and localities to set up their special working groups for tackling difficulties facing businesses and people amid the COVID-19 pandemic.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Chairman Vuong Dinh Hue (centre) chairs the meeting with experts in Hanoi on September 27. (Photo: VNA) 
Representatives from some international organisations at the consultation. (Photo: VNA) 
