Vietnam Today

Vietnam is an important partner of Poland, Polish Deputy Prime Minister and Minister of Agriculture Henryk Kowalczyk said during an online conference on March 17. He also holds Vietnam’s agricultural sector in high regard, and said the country exports a great many products to Poland. Minister of Agriculture and Rural Development Le Minh Hoan, meanwhile, affirmed that Vietnam will create favorable conditions for the importation of Polish agricultural products.

“The plan on State-owned enterprise restructuring with a focus on State-owned economic groups and corporations for the 2021-2025 period”, which has been approved by Deputy Prime Minister Le Minh Khai, aims to contribute at least VND248 trillion ($10.85 billion) to the State budget from restructuring State-owned enterprises (SOEs). The project also aims to improve the operational efficiency and competitiveness of SOEs on the basis of modern technology and innovation capacity.

At a meeting with the State Bank of Vietnam (SBV), Ms. Carolyn Turk, Country Director of the World Bank (WB) in Vietnam, expressed her appreciation of the central bank’s proactive and flexible monetary policy and stable exchange rate operations, which create confidence among domestic and foreign investors. Vietnam’s inflation rate was controlled at below 4 per cent in 2021, contributing to macro-economic stability. In the time to come, the SBV will focus on perfecting the legal framework, reviewing and amending the Law on State Banks, the Law on Credit Institutions, and the Law on the Prevention and Combat of Money Laundering, and implementing the national strategy on comprehensive finance and digital transformation and green growth in the banking sector.

At a meeting with H.H. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of Saudi Arabia, on March 17, Prime Minister Pham Minh Chinh affirmed that Vietnam is ready to create the conditions necessary for investment funds and corporations from Saudi Arabia to do business in Vietnam. He also suggested that Saudi Arabia soon completely lift the import ban on Vietnamese seafood and increase imports of Vietnamese agricultural products.

VinaCapital has lowered its 2022 GDP growth forecast for Vietnam to 6.5 per cent due to obstacles in Vietnam’s economy from high energy prices and the slow reopening of all foreign tourism.

According to new documents from the Ministry of Information and Communications (MoIC), foreign cross-border advertising providers must comply with Vietnamese laws on advertising, taxation, and network security, and regulations on the management, provision, and use of the internet and online information. At the request of authorities, they must also prevent and remove information that violates the law.