Vietnam Today

The government has issued Resolution No. 85/NQ-CP on the government-local online conference and the June regular government meeting. The Resolution states the difficulties the economy will face, and the government requires that in the second half of the year, all levels, branches, and localities must focus on 13 key tasks revolving around stabilizing the market.

The draft national master plan for the 2021-2030 period sets a target of the population being 105 million by 2030 and 115 million by 2050. Average GDP growth will be 7 per cent in the 2021-2030 period and 6.5-7 per cent in 2030-2050. GDP per capita is to be $7,500 by 2030 and $27,000-$30,000 by 2050. By 2030, Vietnam will have 5,000 km of expressways and 9,000 km by 2050. The average residential floor space per capita in urban areas is to reach 32 sq m by 2030.

On July 18, at a meeting with Mr. Axel van Trotsenburg, World Bank (WB) Executive Director, Prime Minister Pham Minh Chinh suggested that the bank continue to support Vietnam in climate change adaptation, with a safe and flexible response including reductions in carbon and methane emissions in agriculture and the introduction of policies to build an independent and self-reliant economy.

Mr. Craig Martin, Chairman of Dynam Capital, has said that Vietnam stood out with its amazing GDP growth of 7.7 per cent in the second quarter, which exceeded expectations and was significantly higher than in other countries. However, he also warned that a global recession would affect the country’s export growth in 2023.

At a meeting with Vietnamese media on July 18, Deputy Foreign Minister of Azerbaijan Elmur Mammadov said that with a favorable geographical location and the strong development of infrastructure and seaports, Azerbaijan can become a transit point to further develop Vietnamese exports to Europe. Moreover, the country’s reconstruction needs are opening up opportunities for Vietnamese businesses in the construction and energy sectors.

Many specialties from Hai Duong province were introduced at the recent Vietnam Fair in Kagoshima, Japan, such as mung bean cakes, lychees, jelly, lotus tea, pottery, and embroidery. The governor of Kagoshima prefecture said the fair will help local people understand more about Vietnam. It will also help promote Vietjet’s plan to conduct Hanoi - Kagoshima direct flights.