Over 6 bln USD earmarked for national socio-economic recovery
Prime Minister Pham Minh Chinh has issued a decision earmarking over 147 trillion VND (6.39 billion USD) from the State budget for ministries, agencies and localities to carry out the socio-economic recovery and development programme.
Hanoi (VNA) – Prime Minister Pham Minh Chinh has issued a decision earmarking over 147 trillion VND (6.39 billion USD) from the State budget for ministries, agencies and localities to carry out the socio-economic recovery and development programme.
They must use public investment capital in line with the National Assembly’s resolution and relevant legal regulations on this issue, he stressed.
In case projects need more capital than the State budget allocated for the programme, localities must be responsible for arranging enough local budget for them during 2021-2025.
The Ministries of Health, Agriculture and Rural Development, Labour-Invalids and Social Affairs must instruct ministries and localities to use the assigned capital for the right purpose and effectively.
Meanwhile, the Ministries of Planning and Investmen🦂t, and Finance must be responsible to the PM, inspection, audit agencies and those concerned for the correctness of reported data in line with the laws./.
The Vietnam Socio-Economic Forum 2022, themed “Reinforcing macro-economic foundation, promoting sustainable recovery and development”, opened in Hanoi on September 18.
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Prime Minister Pham Minh Chinh on September 24 visited the construction sites of several key socio-economic infrastructure projects in the northern mountainous province of Yen Bai.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA)
