Vietnam Today

At a ceremony marking the donation of medical equipment worth €825,000 ($925,000) on November 24, German Ambassador to Vietnam H.E Guido Hildner affirmed that Germany will continue to support Vietnam in Covid-19 prevention.

Prime Minister Pham Minh Chinh and a Vietnamese delegation visited Tochigi prefecture in Japan on November 23, during an official visit to the country, where the PM asked Governor Tomikazu Fukuda to expand business activities with localities in Vietnam to effectively exploit all potential and available cooperative mechanisms. He also witnessed a signing ceremony for a cooperation agreement between Tochigi and northern Vinh Phuc province.

During the National Assembly (NA) Standing Committee meeting on November 22, NA Chairman Vuong Dinh Hue noted that at the extra-ordinary session next month, the government will submit a maximum of five matters, including complex and urgent issues relating to national welfare and people’s livelihoods. The NA Standing Committee also passed comment on the draft Social Insurance Agreement with the Republic of Korea and suggested the government propose amendments and supplements to the 2014 Law on Social Insurance.

The government has assigned the Ministry of Industry and Trade (MoT) to develop a project introducing the Law on Industrial Development, which is expected to bring into full play the potential of the processing and manufacturing industry, which is capable of participating in global production chains.

The Green Innovation Centers in the Agriculture and Food Sector (GIC) in Vietnam project has received funding of EUR7 million ($7.95 million) from the German Government. The project will be implemented in the six Mekong Delta cities and provinces of Can Tho, An Giang, Dong Thap, Hau Giang, Kien Giang, and Soc Trang in the 2021-2024 period.

At the “Economic recovery and development post-Covid-19, international experiences and lessons for Vietnam” event organized by the Asian Development Bank (ADB), Mr. Nguyen Minh Cuong, ADB Chief Economist in Vietnam, said that although there is still fiscal space for implementing a bailout and economic recovery, Vietnam may not have much time. As other countries have entered into a recovery cycle, it will be too late if Vietnam only now begins to introduce and implement major fiscal policies.