Public investment disbursement and energy efficiency are two critical issues for Vietnam as it seeks to maintain its economic growth and guarantee macro-economic stability.
Aviation is crucial in boosting Vietnam’s tourism sector by enhancing connectivity, reducing travel costs, and improving the overall visitor experience.
Prime Minister Pham Minh Chinh responded on October 24 to questions from a National Assembly deputy on the disbursement of public investment capital, in particular disbursement of the support package for socio-economic recovery and development. He identified six key solutions to ensure disbursement in programs and projects, especially those that relate to socio-economic recovery and development programs.
Disbursement of public investment capital has seen positive signs but remains tardy. Some VND35 trillion ($1.43 billion) was disbursed in the first nine months of this year, an increase of 16 per cent year-on-year and equal to 46.7 per cent of the 2022 plan assigned by Prime Minister Pham Minh Chinh. He has now requested that ministries, central agencies, and localities implement solutions set out in resolutions from regular government meetings and guiding documents from government leaders on disbursement this year.
The development of industrial clusters of craft villages is expected to be the nucleus of innovation in rural areas. With over 2,000 that are 100 years old or older, Vietnamese craft villages have made a significant contribution to exports. However, their development also reveals many shortcomings. A number of solutions were recommended at the “Strengthening linkages and developing industrial clusters in craft villages in Vietnam” seminar.
Hanoi has proposed nine groups of solutions to overcome the situation of cadres, civil servants, and public employees leaving their jobs, including boosting their incomes, improving the workplace environment to make it more professional and modern, and creating opportunities for cohesion.
On August 28, at a meeting with leaders of Lao Cai province, Prime Minister Pham Minh Chinh spoke of key tasks and solutions in the time to come, such as making the most of Lao Cai’s identity and taking the Red River as the vertical axis for development, promoting digital transformation and closely coordinating with Chinese authorities to promote border economic cooperation.
Petrol prices have been cut five times recently but the price of many goods and services remain high. To bring prices down to a reasonable level, solutions such as reorganizing distribution channels in a scientific manner, building short supply chains, and combining short supply chains with exchanges to help circulate goods efficiently and reduce the cost of intermediaries are needed.
At a national conference on August 11 between the Prime Minister and businesses with the theme “Proactive adaptation, quick recovery and sustainable development”, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HoREA), proposed six solutions to restore Vietnam’s real estate market.
To further improve its business environment, central Da Nang city will introduce a range of different solutions, focusing in particular on completing urban and traffic infrastructure, building a pool of high-quality human resources, conducting administrative reform, and enhancing digital transformation.
Exports of Vietnamese fish sauce reached only $28.5 million last year. In order to sustainably develop the export industry, analysts say, Vietnam must ensure raw material sources in terms of both quantity and quality.
The Ho Chi Minh City Department of Planning and Architecture has reported on three solutions for urban development around Tan Son Nhat International Airport in Tan Binh district. Tan Son Nhat having an expansion plan and Ho Chi Minh City adjusting its general plan to 2040 and vision to 2060 presents an opportunity to improve the surrounding area.
Real estate contributes some 8 per cent of annual GDP, and the Ministry of Construction (MoC) has proposed four key solutions to promote its role in economic development, including completing the legal corridor in credit and financial investment.
Vietnamese products still have difficulties in improving output and entering distribution channels. The Ministry of Industry and Trade (MoIT) believes it is necessary to promote activities to link the supply and demand of products and have mechanisms and policies to develop commercial infrastructure, build a widespread distribution network, and focus on developing distribution on e-commerce.
At a seminar on March 4 identifying solutions to easing the congestion of agricultural products at northern border gates, Minister of Agriculture and Rural Development Le Minh Hoan said it is necessary to expand links of supply terminals to control congestion and gradually change from an informal market to an official market and from exports by road to exports by rail, waterways, and air.