Vietnam Today

At a national conference with businesses on August 11, Prime Minister Pham Minh Chinh emphasized that the government will listen to suggestions from the business community to resolve issues and to contribute to socio-economic development and the sustainable development of enterprises.

At a trade promotion conference entitled “Hanoi - Vientiane (Laos) Cooperation for mutual development” held on August 10, the two sides affirmed that promoting trade and investment promotion and connecting businesses to potential partners in fields where the two sides have strengths is the goal in the time to come.

On August 8, while working with the Ministry of Natural Resources and Environment on amending and supplementing the Land Law, National Assembly (NA) Chairman Vuong Dinh Hue emphasized that the revised law is extremely important and the draft will be considered and discussed by the NA at three sessions, not at one session, as with other bills. The goal is to complete the adjustments of related laws next year.

Deputy Prime Minister Le Minh Khai has signed Decision No. 941/QD-TTg on the National Action Plan on the prevention and combatting of money laundering, terrorist financing, and financing of weapons of mass destruction for the 2021-2025 period. In particular, the Plan requires research into the field of virtual assets to prevent financial crime, in accordance with international standards and Vietnamese practice.

The East-West Economic Corridor Trade - Tourism and Investment Fair (EWEC Fair) took place in Da Nang from August 3 to 8, and was an opportunity to link trade and promote friendly cooperation between businesses in the countries along the Economic Corridor and elsewhere, and was an important trade promotion channel that will open up development opportunities with businesses from countries in the region and Asia.

The existing inflationary pressure in Vietnam is due to cost-push factors, mainly energy prices, analysts have said. With oil prices now heading downwards and standing at their lowest level for six months, Vietnam will be able to control inflation at less than 4 per cent for the year. Inflation in the first seven months was just 3.1 per cent, which is low compared to many other economies around the world.