Vietnam Today

On October 11, with the National Assembly Standing Committee agreeing to add three resolutions on specific mechanisms for Hai Phong city and Nghe An and Thua Thien-Hue provinces to the 2021 law and ordinance development program, the draft on the pilot specific mechanism for these three localities will be submitted to the National Assembly (NA) at the end of the month.

Developing supporting industries is a key solution in improving the quality and competitiveness of Vietnam’s economy. It is therefore necessary to redesign policies to help enterprises innovate and access capital, especially given the effects of Covid-19.

A master plan on economic recovery and development following Covid-19 is to be prepared, focusing not only on economic issues but also on social issues, health, mental well-being, and young people, according to National Assembly Chairman Vuong Dinh Hue.

In the first nine months of 2021, Vietnam’s total exports to ASEAN stood at $20.6 billion, up 21.2 per cent compared to the same period last year. ASEAN is the country’s fourth-largest export market, after the US, China, and the EU.

Leaders from the Vietnam National Administration of Tourism (VNAT) have prepared a safe reopening roadmap to resume both domestic and international tourism. Vietnam’s tourism sector is expected to fully reopen to international visitors from June 2022.

Agence Française de Développement (AFD) is planning to strengthen cooperation in the implementation of its capital projects in Vietnam, especially the implementation of green credit lines (SUNREF) to support businesses investing in the field of environmental protection and green growth. Since 2017, it has granted BIDV $100 million under the SUNREF program.