The Hanoitimes – Vietnam’s environmental ministry is not encouraging development at all costs of small hydropower projects. The National Assembly has disapproved more than 400 small hydropower projects which fail to meet regulations on preventing flood and water, according to Minister of Natural Resources and Environment (MoNRE) Tran Hong Ha. Minister Ha told local media on […]
Read MoreThe National Assembly’s Finance and Budget Committee has agreed not to adjust the minimum wage in 2021 and has warned about the pressure on public debt payment. The committee issued a report on inspecting the state budget implementation in 2020; the state budget estimate and the central budget allocation plan in 2021; and the implementation […]
Read MoreThe United States is Vietnam’s key export market. When U.S. consumers had to stay at home due to Covid-19 and slash spending, Vietnam’s exporters struggled. Yet as soon as those stay-at-home orders are removed, Vietnamese products have started to depart for the U.S. When Covid-19 reached the U.S. with hundreds of thousands of infected cases […]
Read MoreInternational commercial air routes were reopened about a month ago under a Prime Ministerial decision. But only three flight routes had started until the official decision on temporarily stopping international flights was made recently. Nguyen Van Kien from Thai Binh province felt lucky when booking an air ticket from Seoul to HCM City with departure […]
Read MoreThe Hanoitimes – Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts. Vietnam’s budget deficit this year is estimated at VND319.5 – 328 trillion (US$13.78 – 14.15 billion), equivalent to 4.99 – 5.59% of GDP, significantly higher than the 3.44%-of-GDP target set in early […]
Read MoreThe Hanoitimes – Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on. Amid a generalized downtrend in the third quarter, Vietnam posted the highest trade growth globally during the period at 10.9% year-on-year, according to the United Nations Conference on Trade and Development (UNCTAD)’s new Global Trade […]
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