The Vietnam Socio-economic Forum opened in the Mekong Delta city of Can Tho on September 24, focusing on the situation in the first nine months of 2020 and potential solutions.
The Vietnam Socio-economic Forum opened in Can Tho city on September 24 (Photo: VNA)
Can Tho (VNA)♉ - The VietnamSocio-economic Forum opened in the Mekong Delta city of Can Tho on September 24,focusing on the situation in the first nine months of 2020 and potentialsolutions.
The forum was jointly held by the National Assembly (NA)Office and the NA’s Commission on Economic Affairs, with technicalsupport from Germany’s Hanns Seidel Foundation. Deputy head of the NA Office Pham Dinh Toanunderlined that the forum aims to review socio-economic development over the lastnine months and assess the impact of COVID-19 on Vietnam’s economy. It will identify opportunities and challengesin realising the dual targets of fighting the COVID-19 and boosting socio-economic development, as well as socio-economic growth in the coming years and prospects for Vietnam’s development indigital platforms. The forum offered the chance for NA deputies to meetexperts, scientists, representatives of localities, associations, andbusinesses and discuss the country’s socio-economic development. Nguyen Xuan Thanh, a senior lecturer at the Fulbright University Vietnam, highlighted that while most of the world’s economies contractedin the first half of 2020 due to COVID-19, Vietnam posted growth of 3.8 percentin the first quarter and 0.4 percent in the second. The country is likely to be among economies posting positivegrowth for the whole year, he added. The two-day forum comprises three sessions on the country's economy in the first nine months, along with prospects for the developmentof digital platforms./.
Prime Minister Nguyen Xuan Phuc has urged Government members to find substantial economic stimulus measures to achieve the highest possible economic growth rate this year.
Key economic regions were urged to maximise their potential and competitive advantages as well as promote innovations to drive regional and national growth, according to a Government resolution on solutions to strengthen the development of key economic regions.
Vietnam’s economy is forecast to expand 1.8 percent in 2020 amid the coronavirus and bounce back in next year, while economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, according to a recent report released by the Asian Development Bank (ADB).
COVID-19 has interrupted the country’s journey to become a high-performing economy, but the right structural adjustments could help get it back on track, according to McKinsey & Company, a leading US consultant firm.
Ministers and leaders of People’s Committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The Vietnam Socio-economic Forum opened in Can Tho city on September 24 (Photo: VNA) 
