Vietnam Today

Four important issues the National Assembly (NA) will discuss at its extra-ordinary session on January 4 are a draft law amending and supplementing a number of laws; a draft resolution on specific mechanisms and policies for the development of the Mekong Delta’s Can Tho city; a project to develop mechanisms and policies on fiscal and monetary support; and the investment policy for the East North-South Expressway Construction Project in the 2021-2025 Period.

Minister of Education and Training Nguyen Kim Son recently chaired a session on “Vietnam’s education development strategy for the 2021-2030 period, with a vision to 2045”, setting a goal of Vietnam’s education sector reaching the region’s advanced level by 2030 and the international advanced level by 2045. The draft also outlines ten solutions for education development, including accelerating the application of information technology and digital transformation, and strengthening international integration.

At an online conference on December 29 summarizing work in the agriculture and rural development sector during 2021 and the plan for 2022, Prime Minister Pham Minh Chinh said that the agriculture, forestry, and fisheries sector needs to improve strategic forecasting to bring higher added value. Added value in the sector increased 2.85 per cent in 2021, of which agriculture rose 3.18 per cent, forestry 3.85 per cent, and fisheries 1.85 per cent. The Ministry of Agriculture and Rural Development has set a target of the sector’s total export turnover reaching $49 billion next year.

The Ministry of Education and Training (MoET) is developing the “Strategic Framework for Higher Education Development for the 2021-2030 Period and Vision to 2045”, in which higher education is to become a core competitive strength of Vietnam and a key driving force of the country’s development.

Social investment capital totaled VND2.892 quadrillion ($126.4 billion) in 2021, up 3.2 per cent year-on-year. Though this was the lowest increase in many years, it was a positive result amid Covid-19. While capital in the State and FDI sectors both declined, capital in the non-State sector increased.

Nearly 120,000 businesses withdrew from the market in 2021, an increase of 17.8 per cent against 2020, most of which were established for less than five years and had low capital scale. There were nearly 117,000 newly-registered businesses during the year, down 13.4 per cent.