Cooperation in seaport development: new but promising

It is obvious that Vietnam has potential and strengths for developing sea-based economy and seaports. Thanks to its efforts to promote these characteristic advantages in the past time, the Vietnamese sea-based economy is playing an increasingly important role in the Vietnamese economy and becoming a spearhead of the national economy with an annual growth rate of 25 percent. Particularly, port services and traffics serve an important role in the Vietnamese maritime economic development strategy.

Nation urged to draft housing strategy

The meeting, chaired by deputy Prime Minister Hoang Trung Hai and the steering committee of housing and real estate policies, aims to collect information and ideas on how to draft the plan.

Construction ministry proposes real estate credit fund

This is of the important points of the draft Strategy for Developing Housing until 2020 with a vision for 2030, which was devised and submitted to the Government by the Ministry of Construction. The real estate credit fund will be used for investments in real estate, including housing. It aims to mobilize the idle capital held among people through the issuance of the fund certificates and to reduce current reliance on banks.

Human resources – key factor to industrialise rural areas

In the draft 2011-2020 socio-economic development strategy, the Party stressed the importance of taking advantage of tropical agriculture to develop large-scale production with high productivity and effectiveness, increase the output of farm products and their export revenue, improve farmers’ living conditions, and ensure national food security. It shows the consistency of Party’s policies in developing agriculture and building new rural areas in the context of the transition toward socialism.

Air France launches new business-class cabin

“With the deployment of this new aircraft offering a further improved in-flight product, Air France aims to bolster its position in Vietnam,” Thierry Beragnes, country manager Vietnam at Air France KLM, said in a statement. “This is a further step forward in our development strategy, following the code-share agreement signed with Vietnam Airlines last July and the launch of non-stop services in November,” he added.

Vietnam looks to new growth strategy

Experts say the woes are in part the result of the country’s faltering attempt to build South Korean-style business conglomerates, like Samsung, as highlighted by the near-bankruptcy of state-owned shipbuilder Vinashin. Foreign investors and analysts have pushed for greater state-sector efficiency while warning that the country’s impressive economic growth will be threatened unless the government can restore economic stability.

Vietnam remains largest pepper exporters

According to Tran Duc Tung, Chief Secretariat of the Vietnam Pepper Association (VPA), in 2010, the country’s pepper export revenue set a record since 1996, which is attributed to the fact that the country has applied the supply-demand strategy in the global market to control the price.

Vietnam’s knowledge economy index remains low despite rapid growth, experts

Giving assessment on the sustainable development strategy from 2005 to 2010, vice minister of Planning and Investment Nguyen The Phuong said that Vietnam with a relatively high growth rate escaped from low income countries. But, our economy has not been sustainable, developed mainly in wide-range while its competitiveness and efficiency have not been appropriate with its potential. The economy sees a potential backward.

Ten-year socio-economic plan learns from past: PM Dung

The strategy says: “The country is determined to create an environment of fair competition between different economic sectors while encouraging the development of various forms of business production with mixed modes of ownership, particularly with joint stock companies.” By 2020 Viet Nam wishes to become an industrialised country with stable politics and a wealthy, democratic society governed by the rule of law. Viet Nam always places a high value on national independence, sovereignty, unity and territorial integrity and wants to raise its prestige in the international arena.

Making Vietnam a strong marine-based economy

The “Vietnam’s Sea Strategy up to 2020” aims to turn Vietnam into a strong marine-based economy, with the marine economy accounting for 53-55 percent of the Gross Domestic Product (GDP).

OTC shares attract eye of institutional investors

According to Dau tu chung khoan (Securities Investment) newspaper, Ha Noi Building Bank has finalised the purchase of a 5-per-cent stake in Binh An Seafood Company. The bank will help the company improve its corporate governance and develop its business strategy.

Specific strategy needed for tourism development

Few years ago, not many people knew about Malaysian tourism but in recent years the country has received a large number of tourists because they have coordinated with other countries, such as Singapore and Thailand. Currently, international tourism linking is a common trend in the world as it saves time and money to promote trademark. Vietnam, Laos and Cambodia share cultural similarities and if travel agents know how to promote the tours of three countries together, they will become attractive destinations for international visitors.

Statistics crucial to economic future

Viet Nam’s rapid advance was an “absolutely possible” goal set by the draft national statistical development strategy, said WB statistics consultant Richard Roberts at the meeting organised recently by the General Statistical Office (GSO) in northern Bac Ninh Province. “It’s very clear that with the current competence and enthusiasm among the staff of the GSO and the ministries, and the obvious political support, dramatic improvement can be made here in the next 10 years,” he said.

Tech, science spending too low

Even with the Government’s own high investment in S&T, about 2 per cent of the budget – or 0.45 per cent of GDP – it is still well below that needed for fast and sustainable development. Under the draft strategy for socio-economic development from 2011-2020, S&T should be a driving force for Viet Nam’s growth.

Building Vietnamese statistics collection strategy

Participants said statistical development strategy will provide a framework and a practical action plan for building statistical ability to meet data demands at present and in the future.

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