Vietnam Today

Deputy Ambassador of Australia to Vietnam, H.E. Mark Tattersall, handed over 7,223,200 Covid-19 pediatric vaccine doses for children from 5-12 years old to Vietnam on May 10 at the National Institute of Hygiene and Epidemiology (NIHE). Support from Australia has helped Vietnam post among the fastest vaccination rates in the world.

Real estate contributes some 8 per cent of annual GDP, and the Ministry of Construction (MoC) has proposed four key solutions to promote its role in economic development, including completing the legal corridor in credit and financial investment.

Party General Secretary Nguyen Phu Trong signed and promulgated a Resolution from the Politburo on May 5 regarding directions and tasks to develop Hanoi to 2030 with a vision to 2045. By 2045, Vietnam’s capital will be a globally-connected city with a high standard of living and quality of life, post per capita gross regional domestic product (GRDP) of over $36,000, and experience a level of development on par with capitals in developed countries in the region and the world.

According to the United Nations Development Program (UNDP), Vietnam is among the top five countries most vulnerable to climate change in the world. As the World Resources Institute has noted, the country ranks fourth out of 164 countries surveyed on the damage from floods on the economy, losing 2.3 per cent of GDP each year and causing half of all agricultural land in the Mekong Delta to be submerged and unable to be cultivated in the future.

Speaking at the 5th Plenum of the 13th Party Central Committee on May 4, Party General Secretary Nguyen Phu Trong acknowledged the achievements in land law policy reform over the past ten years and asked for clarification as to why land has not become an internal force for socio-economic development and why the development of the real estate market is unsustainable and risky. Discussions on continuing to innovate land law policy are among the important contents of the plenum.

Deputy Prime Ministers Pham Binh Minh, Le Minh Khai, Vu Duc Dam, and Le Van Thanh, Minister of Planning and Investment Nguyen Chi Dung, and Minister of Finance Ho Duc Phoc will lead six working groups on the disbursement of public investment capital that Prime Minister Pham Minh Chinh established on May 2. The working groups are tasked with conducting inspections, removing difficulties and obstacles, and accelerating disbursement this year, especially in projects using ODA capital and concessional loans from foreign donors through ministries and central and local agencies.