Vietnam Today

National Assembly (NA) Chairman Vuong Dinh Hue is visiting the UK and attended a high-level seminar on economy and trade on June 30. Addressing the seminar, Deputy Prime Minister Le Van Thanh, who is accompanying the NA Chairman, said a target has been set of two-way trade turnover reaching $10 billion by 2023. According to Ms. Anne Marie Trevelyan, British Secretary of State for International Trade, trade relations with Vietnam play a very important role in the UK’s trade policy.

According to the General Statistics Office, although the CPI in the first half of the year increased only 2.44 per cent, inflationary pressure over the second half will be significant and the target of controlling inflation at less than 4 per cent will be challenging. A number of factors may push up the CPI in the remaining months.

Data from the General Statistics Office shows that the CPI in June rose 3.18 per cent compared to December 2021. KBSV estimates that CPI in July will increase 0.6-0.7 per cent compared to June, and maintains its annual forecast of 3.8 per cent.

Economic and trade cooperation between Vietnam and Turkmenistan holds a great deal of potential but remains modest. At the Vietnam - Turkmenistan Business Forum, held by the Vietnam Chamber of Commerce and Industry (VCCI) on June 29, the Chamber recommended the establishment of various forms of cooperation, such as joint venture enterprises between the two countries in various fields to expand to markets in member countries of the Eurasian Economic Union (EAEU) and the Commonwealth of Independent States (CIS).

The Ministry of Information and Communications (MoIC) has set a target that, by 2025, Vietnam’s e-government index, as ranked by the UN, will be among the four leading countries in ASEAN. Vietnam is also to have a safety and security index in the global network that is among the top 40 countries. The proportion of the digital economy in GDP is to reach 20 per cent, with the proportion of the digital economy in each industry and field to reach at least 10 per cent. By 2030, the construction of a digital government is to be completed.

A draft decree from the Ministry of Transport (MoT) on business in the maritime sector will simplify and reduce the time needed to deal with administrative procedures and enhance the application of information technology to provide Level 4 online public services, helping businesses and cutting compliance costs.