Conference seeks to revive economy with long-term measures
The Ministry of Planning and Investment (MPI) held a consultation conference in Hanoi on October 1 on its draft programme on economic recovery and development in combination with improving internal capacity and resilience of the economy for the 2022-2023 period.
A corner of district 2 in Ho Chi Minh City. (Photo: VNA)
Hanoi (VNA)ꦗ – The Ministry of Planning and Investment (MPI) held aconsultation conference in Hanoi on October 1 on its draft programme on economic recoveryand development in combination with improving internal capacity andresilience of the economy for the 2022-2023 period.
Speakingat the event, Minister of Planning and Investment Nguyen Chi Dung said theGovernment has issued a number of corporate support policies and measures, butmost of them are short-term while there is not any comprehensive or long-termprogramme to gradually recover the economy and spur development after the pandemic is put under control. TheMPI’s programme aims to help Vietnam avoid missing opportunities whenentering the new normal, Dung said. DeputyMinister of Planning and Investment Tran Quoc Phuong said Vietnam needs tolearn from lessons in pandemic prevention and control to revive the economy,focusing on promising fields such as processing industry, logistics and tourismto make breakthroughs. Hesuggested combining both short and long-term goals, improving the capacity ofworkers and providing support for firms based on order of importance and priority.
The ministry also wished tocollect feedback to develop green economy and step up the disbursement ofpublic investment capital, Phuong said.
꧑ He outlined eight categories of measures, including controlling the pandemic, improvingthe capacity of medical system, maintaining macro-economic stability,controlling inflation, continuing with fiscal and monetary policies, andensuring national financial safety.
Others include stepping up administrativereform, stimulating domestic consumption, facilitating digital transformation,attracting foreign investment, and improving workforce quality to meetrequirements of the fourth industrial revolution.
At the event (Photo: VNA)
Country Director of the Asian Development Bank in Vietnam Andrew Jeffries said Vietnam’s major trade partners are quickly recovering while domestic vaccination coverage is increasing, thus contributing to promoting growth.
He proposed Vietnam actively tap free trade agreements to boost exports, join the global supply chain more deeply. At the same time, the country should re-open in a safely manner, ensure healthy relations between banks and enterprises and take caution with bad debts./.
Though e-commerce channels are considered one of the best solutions to sell local products amid the pandemic, legal risks from the activities remain a concern.
Vietnam's economy has slowed down due to the prolonged impacts of the COVID-19 pandemic, but there are still many optimistic forecasts about the country’s economic outlook in 2022, Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (CIEM), told the Vietnam News Agency (VNA).
Capital flows into green growth projects have still seen positive signals despite adverse impacts from the COVID-19 pandemic on foreign direct investment (FDI) in Vietnam.
The Ministry of Planning and Investment (MPI) and the US Agency for International Development (USAID) on October 1 launched the Vietnam Workforce for an Innovation and Start-up Ecosystem (WISE) project.
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
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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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
A corner of district 2 in Ho Chi Minh City. (Photo: VNA) 
At the event (Photo: VNA) 
