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NA discussing development of cities and provinces
Vietnam Today

NA discussing development of cities and provinces

The National Assembly (NA) is discussing a draft Resolution on piloting a number of specific mechanisms and policies for the development of cities and provinces around the country. Northern Hai Phong city and north-central Thanh Hoa and Nghe An provinces are allowed to decide on changes in the land-use purpose of rice-growing land under 500 ha. Nghe An and central Thua Thien-Hue province are allowed to borrow funding of up to 40 per cent of their budget revenue, and Hai Phong and Thanh Hoa up to 60 per cent.
Vietnam Today

Law on Insurance Business submitted to NA

A draft Law on Insurance Business submitted to the National Assembly (NA) on October 22 features amendments and supplements and new regulations, such as expanding the target customers of foreign investors and dividing types of insurance.
Vietnam Today

Quang Ninh ready to welcome tourists

Northern Quang Ninh province aims to welcome 2 million tourists in the fourth quarter of this year. More than 50 programs and events have been launched to stimulate tourism demand, with revenue of about VND1.3-1.4 trillion ($57.4-62.5 million) expected. Some resorts and cruises on Ha Long Bay have gradually welcomed guests once again. Visitors are required to have been fully vaccinated and must make a medical declaration.
Vaccine supply short of plan

Vaccine supply short of plan

Vietnam has received just over 80 million doses of Covid-19 vaccine, or 20 per cent of its plan. Minister of Health Nguyen Thanh Long has identified three main difficulties: legal issues relating to purchases; the sale and import of vaccines; and a shortage of vaccines globally and countries adjusting their supply policies.
WB revises 2021 growth forecast downwards

WB revises 2021 growth forecast downwards

According to the World Bank (WB), with negative growth posted in the third quarter, Vietnam’s GDP growth rate for the year as a whole will be reduced significantly, to 2-2.5 per cent. It recommends that the country continue to provide financial support to businesses to restart business activities after a long period of closure, especially in the tourism, catering, and accommodation sectors.
Hanoi takes major step towards normality

Hanoi takes major step towards normality

Hanoi is allowing agencies and businesses to return to normal from October 14. Buses and taxis are permitted to operate according to capacity levels and on routes prescribed by the Ministry of Transport (MoT), while restaurants and eateries are able to serve sit-down customers.
Government sets levels for ‘safe adaptation’ to Covid-19

Government sets levels for ‘safe adaptation’ to Covid-19

Recent provisional regulations issued by the government specify four pandemic levels in which specific socio-economic activities are allowed to operate. Intra-provincial and inter-provincial goods transportation and circulation, production plants, and traffic and construction works are allowed to operate at all four levels.
NA Chairman: Opportunities for businesses amid difficulties

NA Chairman: Opportunities for businesses amid difficulties

National Assembly Chairman Vuong Dinh Hue on October 12 received leaders of businesses attending the Vietnam Business Leaders Forum and the Awards Ceremony for Excellent Brand Enterprises, an annual event organized by the Vietnam Economic Times Group. Speaking on this occasion, the NA Chairman said there will be new approaches to defeat Covid-19 and businesses will strive to overcome the difficulties as well as make use of the opportunities.
2022 growth targets subject to uncertainties

2022 growth targets subject to uncertainties

The anticipated socio-economic development plan for 2022 includes GDP growth of 6-6.5 per cent, CPI growth of about 4 per cent, and labor productivity growth of some 5.5 per cent, among others. These are considered quite high targets, especially given the long-term impact of the pandemic and potential instability in 2022, according to National Assembly delegates.

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