Vietnam Today

Prime Minister Pham Minh Chinh chaired the “Developing a synchronous, efficient, modern and integrated science and technology market” conference on September 23, where experts proposed solutions to promote the development of science and technology, such as having policies to encourage technology transfer.

Accounting for 45 per cent of the country’s population and with an important geographical location and good infrastructure, Vietnam’s northern region of 28 cities and provinces achieved many positive results in industrial production and commercial services in the first nine months of the year. In general, however, the region is yet to fully exploit its potential and advantages.

Within the framework of his visit to the US, Minister of Education and Training Nguyen Kim Son and his delegation met with US partners such as the Educational Testing Service (ETS) and the Intel Corporation on September 21. The Ministry of Education and Training and ETS signed a third cooperation agreement, with ETS committing to promoting equality and the quality of education in Vietnam with testing and assessments. According to Mr. Son, Vietnam will send people to the US to attend training courses and ETS can send experts to Vietnam to help. At her meeting with the Vietnamese delegation, Ms. Sara Kemp, Vice President of the Intel Corporation, affirmed that Vietnam is an important partner of the group and it highly values its relationship with the country. Mr. Son expressed a desire to strengthen cooperation with businesses in information technology, especially Intel.

At a government meeting on the morning of September 22, Prime Minister Pham Minh Chinh said that, in the context of an unpredictable global situation, monetary and fiscal policy orientations must be effective and coordinated closely with other policies to stabilize the macro-economy. He asked the State Bank of Vietnam (SBV) to research and raise the operating interest rate and the deposit rate but to try to keep the lending rate stable.

According to the Center for Strategic and International Studies (CSIS) in the US, Vietnam is gradually becoming a digital power in Southeast Asia, and is also one of two countries posting the fastest growth in e-commerce in the region, joining the Philippines, according to Google-Temasek-Bain. This has created a shortage of human resources and put pressure on recruitment activities.

Vietnam’s economic growth forecasts for 2022 and 2023 have been maintained in the recent Asian Development Outlook from the Asian Development Bank, as was the case in the last three reports. GDP is to grow 6.5 per cent this year and 6.7 per cent next year.