Vietnam Today

The German Government will donate 2.5 million doses of the Astra Zeneca vaccine to Vietnam to help it fight Covid-19. The country has been the largest donor to Vietnam among EU members.

While electric cars are not yet popular in Vietnam, the country plans for them to completely dominate the market by 2045. Problems in infrastructure must therefore be addressed and a mechanism to encourage sales introduced.

The Prime Minister has approved a project to build Da Nang city into a large-scale financial center in Southeast Asia. The city also plans to build high-tech industrial parks on 2,300 ha.

Nikkei Asia’s Covid-19 Recovery Index evaluates 121 countries and territories based on infection management, vaccine rollouts, and social mobility at the end of each month. Vietnam, once a “star” in successfully controlling the pandemic, is now recording a high number of infections and fatalities, and so ranks 121st on the list.

Prime Minister Pham Minh Chinh attended the 2021 Global Trade in Services Summit on September 2 via video, at the invitation of Chinese Party General Secretary and President Xi Jinping. In his address, the Prime Minister affirmed that Vietnam is willing to cooperate with other countries to build a suitable legal framework to promote the development of the digital economy, thus contributing to the global economy.

Vietnam plans to set aside 115,000 ha of land for 558 industrial parks over the next decade; nearly 50 per cent higher than the current 381. The country’s industrial parks have attracted 9,381 FDI projects over the years, with total capital of $191.6 billion. It aims for industry to account for over 40 per cent of GDP by 2030.