The government targets GDP growth of 6-6.5 percent in 2022 despite the likely challenges the Covid-19 pandemic could pose. More stories at Vietnam Insider’s homepage. At a National Assembly Standing Committee meeting on Tuesday, Minister of Planning and Investment Nguyen Chi Dung listed the 16 main goals of the socio-economic development plan for next year, which also includes containing inflation and the budget deficit at 4 percent. Despite the severe impacts of the global pandemic on health, the economy and society, the economy has remained stable this year, he said. The economy grew by 5.64 percent year-on-year in the first…
Author: Kevin Le
Croatian Ambassador to Hungary Mladen Andrlić (second from right) presents donation of COVID-19 vaccines to Vietnamese Ambassador to Hungary Nguyễn Thị Bích Thảo (third from left). — VNA/VNS Photo PRAGUE — Vietnamese Ambassador to Hungary Nguyễn Thị Bích Thảo received a token representing 60,000 doses of AstraZeneca COVID-19 vaccine donated by the Croatian Government to Việt Nam at a ceremony held in Budapest, Hungary on Tuesday (local time). At the handover ceremony, Croatian Ambassador to Hungary Mladen Andrlić affirmed that Croatia always treasures the traditional friendship with Việt Nam and hopes to help the Southeast Asian nation surmount the COVID-19…
Hanoi will resume bus lines at limited capacity starting next week, the municipal People’s Committee said Tuesday. More stories at Vietnam Insider’s homepage. Nguyen Manh Quyen, chairman of Hanoi People’s Committee, said the municipal Department of Transport will carry out the resumption of public transport, starting with bus lines operating at 50 percent their maximum capacity. Inter-provincial bus lines however would have to follow instructions issued by the central government, he said. On whether the capital would relax more restrictions and resume more activities, Quyen said Hanoi “could not be closed down forever, but the condition and time to reopen…
Vietnam’s benchmark VN-Index fell 0.21 percent to 1,391.91 points Wednesday, ending a chain of seven gaining sessions, with plunging trading value. Find more stories at Vietnam Insider’s homepage. The index started to fall in the afternoon and closed nearly three points lower. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 15 percent to VND18.79 trillion. The VN30 basket, comprising the 30 largest capped stocks, saw 19 tickers in the red, led by BVH of insurance company Bao Viet Holdings, down 3.1 percent. PLX of fuel distributor Petrolimex lost 2.2 percent, while…
Vietnam recorded the lowest daily increase of COVID-19 cases on Tuesday in more than two months as 2,949 fresh infections were logged in the last 24 hours and an additional 93 deaths. The data showed, new cases bring the national tally to 846,230. Among the new cases, ten were imported and 2,939 were local transmissions. A total of 1,183 new infections were reported in the community. ###: Most of businesses in HCMC resume operations as Covid under control According to the health ministry, HCMC recorded the highest number of daily infections with 1,018, followed by Dong Nai Province with 501 and Binh…
SEA Games HÀ NỘI — Việt Nam is gearing up to host the Southeast Asian (SEA) Games 31 next year. An online meeting with the participating countries will take place on October 18 to know the number of athletes and members expected to attend the region’s biggest sporting event. This will be the basis for the organising board to have detailed plans, especially with the task of preventing and combating the COVID-19 pandemic during the Games. COVID-19 prevention “Due to the impact of the COVID-19 pandemic, the Vietnamese Government allowed postponement of the 31st SEA Games…
Touted as Asia’s rising star, Delta’s Covid-19 has sidelined Vietnam’s admired economy, leaving outside investors wondering if this is the beginning of the end of its once-booming economy. Will Vietnam be able to recover and get back on its feet? Vietnam rising Vietnam has been gaining attention as an economic miracle – and for good reason. Lurking in China’s shadow, this Southeast Asian nation of 98 million has been Asia’s economic standout recording 7% annual GDP growth, attracting record foreign direct investment (FDI) and joining a slew of global trade pacts in recent years. Vietnam has convinced major players such…
Within the region, Vietnam ranks high on economic performance, fuelled by a powerful gain of manufacturing and export capability, according to economists Shirley Shen and Aidan Yao from the Singaporean-based AXA Investment Managers Asia. More stories at Vietnam Insider’s homepage. In a research & strategy insight, the pair said Vietnam’s successful integration into the Association of Southeast Asian Nations (ASEAN) was key to igniting its trade engine. The nation’s membership in the bloc since 1995 has allowed it to enjoy zero tariffs when trading with other ASEAN member states. Vietnam also signed free trade agreements with other major economies including…
A health worker prepares to inject COVID-19 vaccine for people in Hà Nội’s Thanh Xuân District. — VNA/VNS Photo Minh Quyết HÀ NỘI — The Ministry of Health plans to issue guidelines on COVID-19 vaccinations for children aged from 12 to under 18 year olds, by October 15. Deputy Minister of Health Đỗ Xuân Tuyên made the announcement on Monday at a national online meeting. He said that documents were being prepared for training courses relating to vaccines for children. Expert agencies under the ministry are discussing how the vaccination should be conducted, at schools or their residential areas. According to the Department of Preventive Medicine…
Vietnam’s benchmark VN-Index surged 1.56 percent to 1,394.09 points Monday, highest in over two months, led by banking tickers and continue gained 0.05 percent to 1,394.80 points today, but with most blue chip tickers in the red. More stories at Vietnam Insider’s homepage. The index went sideways throughout the day and closed 0.71 points higher. This is its seventh session in the green. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 2.6 percent to VND22.19 trillion ($974 million). The VN30 basket, comprising the 30 largest capped stocks, saw 17 tickers in…