Vietnam targets export increase of farm products to developed nations

First, we should study capitalism in the context of our era Even at the beginning of capitalism, when it was full of vigour Karl Marx and Frederick Engels predicted that capitalism was not permanent. Lenin also discovered capitalism’s weakness when the first signs of its corruption and cracks were exposed. He foresaw the possible “labour pains” for a new society and concluded that capitalism had developed as far as it would go while the dawn of socialism became to light. His prediction was correct. The world has changed. However, capitalism in the early 21st century has seen new phenomena which are different from what has gone before. Capitalism proves to have a certain vitality. Its current inner contradictions are not so drastic as to lead to a revolution. Confronting this situation, some compared it to the prediction of the Marxist and Leninist viewpoint. They maintained that the prediction of the sunset of capitalism was too premature and the explanation of its disappearance was wrong. Others regarded current changes in socialism and capitalism as a sudden inspiration of history. In fact, all manifestations of modern capitalism can be interpreted if we take into account historical experience and current affairs. Capitalism still exists. It is not difficult to understand. Capitalism has existed for nearly 450 years. That is not a long time compared with feudalism and slavery societies, so it would be groundless to hope for the quick disappearance of capitalism. It should be noted that we do not fully evaluate the…... [read more]

During their talks immediately after the welcome ceremony, PM Nguyen Xuan Phuc hailed PM Shinzo Abe as the first foreign high-ranking leader to visit Vietnam this year, saying Vietnam considers Japan its leading and long-term partner. The two leader have reached high consensus on major orientations and key measures to strengthen the comprehensive strategic partnership in a practical and effective manner. They pledged to work hand in hand for the forthcoming Vietnam visit by the Japanese Emperor and Empress. The Japanese PM wished to welcome his Vietnamese counterpart to Japan this summer and promised to attend the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Vietnam’s central city of Danang later this year. Both PMs concurred to promote practical collaboration in national defence-security, including bomb and mine clearance and improvement of law enforcement at sea. In terms of economics, they underlined the need to enhance economic connectivity via promotion of trade, investment promotion, official development assistance (ODA) and cooperation in supplementary fields such as agriculture and labour. PM Phuc asked Japan to continue providing Vietnam with ODA in the time to come with a focus on infrastructure building, human resources training and climate change response. Abe, in turn committed an additional US$1.05 billion in ODA for Vietnam in the 2016 fiscal year in the areas of maritime security, climate change response, water drainage and waste treatment. Japan is willing to bolster hi-tech application and investment by raising capital from State-owned enterprises and personnel training while facilitating Vietnamese tourist arrivals in…... [read more]

The council will focus on four major areas, including information, consultancy, personnel training and business competitiveness improvement, to help local enterprises successfully integrate into the Association of Southeast Asian Nations (ASEAN)'s economic life. It will also build a website to provide necessary information about Vietnam's business activities and investment environment to business circles of ASEAN member countries and seminars and business forums. In particular, the council plans to host a plenary session of the ASEAN BAC in March, which is expected to draw the participation of hundreds of leading businesses from ASEAN member countries. The ASEAN BAC was set up in Indonesia in April 2003 with its members being appointed by the Prime Ministers of ASEAN member countries.... [read more]

Both Party General Secretary Nong Duc Manh and Prime Minister Nguyen Tan Dung expressed the wish during separate receptions on February 20 for ADB President Haruhiko Kuroda, who is on a three-day Vietnam visit beginning February 19. Party General Secretary Manh reiterated Vietnam’s wish to cooperate with international financial organisations, including the ADB. He highly appreciated the effective contributions of the bank to the country’s socio-economic development. The ADB’s assistance has contributed remarkably to the process of poverty reduction, infrastructure development and competitiveness improvement in Vietnam,” said Mr Manh. In another reception on the same day, Prime Minister Nguyen Tan Dung also praised the ADB for offering Vietnam up to US$5 billion in loans for five years. For 2008 alone, ADB pledged to provide technical assistance and loans worth between US$1.3-1.6 billion for the country’s projects in poverty alleviation and infrastructure. The assistance will focus on large-scale projects, which are of important significance to Vietnam’s economic development, such as the Long Thanh-Dau Giay and Hanoi-Lao Cai Highways. PM Dung thanked the ADB Vietnam for its assistance to the building of the Hanoi-Lang Son Highway and an international-standard university, and poverty reduction projects under the PM’s suggestion during his meeting with ADB President Kuroda on the sidelines of the recent 13th ASEAN Summit in Singapore. For his part, ADB President Kuroda praised the Vietnamese people’s achievements in national construction, saying that he believes Vietnam will see higher growth in coming years. The same day, the ADB president had a working session…... [read more]

Its US$3 million socio-economic master plan, unveiled on October 19, was developed by the international groups Monitor (US) and ARUP (UK), using new approaches and methodologies. Under the strategy with a vision for 2030, Ninh Thuan will strive to become a destination in the country by 2030 and will grow quickly based on four pillars: enhanced competitiveness, improved infrastructure, better trade marks and capacity, and higher provincial administrative efficiency. Ngo Vinh Kim, Vice President of the provincial People’s Committee, confirmed that Ninh Thuan will make great efforts to create an open, highly competitive climate for investment and develop its economy in a rapid and sustainable way. According to the master plan, Ninh Thuan will focus on improving its economy’s competitiveness, narrowing the economic gap between it and other south-central provinces, and raising its per capita GDP to US$2,800 per year by 2020, equal to 85 percent of the country’s average. The province will also try to exploit and build on its marine advantages more effectively and develop clean energy to change its economic structure.... [read more]

PM Dung made the statement during a meeting with VUSTA’s leaders in Hanoi on April 15, aimed at seeking measures to renew and increase the quality of the Union’s activities during the current process of national industrialization and modernization. The Government leader stressed that science and technology is one of the most important factors in helping the nation obtain rapid and sustainable development. The Party and State always attach importance to increasing the role of Vietnamese experts. Therefore, VUSTA should perform its duties more effectively to increase competitiveness, improve the quality of management and boosting the application of science and technology in national construction and defence, Mr Dung added. He also affirmed that the Government will work more closely with VUSTA, especially in policy-making and management work. PM Dung agreed with building the cooperation mechanism between the Government and VUSTA to receive more recommendations from Vietnamese intellectuals on legislative work and government-level projects. Participants in the meeting focused their discussions on completing VUSTA’s structure, financial mechanism, infrastructure development, and intensive policies for intellectuals. They also emphasized the need to encourage the participation of Vietnamese elites in making science and technology become a driving force behind socio-economic development. Since its establishment in 1983, VUSTA now has 125 member associations across the country, comprising more than 80,000 scientific and technological experts.... [read more]

At the session, a representative from the Ministry of Planning and Investment (MoPI) briefed on Vietnam’s implementation of sustainable development targets over the past 20 years and outlined the outcomes of participating in the United Nations Sustainable Development Conference (Rio+20) held last month in Brazil. Partners pledged to continue to help Vietnam carry out the strategy for green growth and sustainable development through appropriate cooperation models such as Overseas Development Aid (ODA) projects and private-public partnerships (PPPs). Delegates discussed the council’s organizational regulations and future operations aimed at successfully implementing Vietnam’s sustainable development strategy in the 2011-2012 period. In his speech, Deputy PM Nguyen Thien Nhan, who is also the NCSDCI Chairman, asked the MoIT to finalize the evaluation criteria on national competitive capacity by August 30 and send necessary documents to professional NCSDCI committees to prepare for their first session scheduled to take place in September. There are four NCSDCI professional committees for sustainable development, over-seeing socio-economic affairs, competitive capacity improvement, natural resources and the environment and education. The 41-member council, established under the Prime Minister’s Decision No 641 dated on May 31 2012, is responsible for proposing strategies, policies, and programs relevant to sustainable development and competitiveness. It will also supervise the realization of targets for sustainable development and competitiveness improvement in Vietnam. The second NCSDCI session will be held in October, Deputy PM Nhan said.... [read more]

Kenzo Oshima, Vice Chairman of the Japan International Cooperation Agency (JICA) made the statement at a press conference during his working visit to Vietnam from November 7-10. He said that he came to Vietnam 16 years ago and he was impressed with the rapid development of the country in many fields. The Vice Chairman met with the Head of the Ho Chi Minh Municipal People’s Committee, Le Hoang Quan, visited the Dong Tay-Sai Gon highway, Cho Ray hospital, Bach Mai hospital, Hoa Lac high-tech zone and Hanoi Industry University. At the meeting with Deputy Prime Minister Nguyen Sinh Hung, Minister of Agriculture and Rural Areas, Minister of Planning and Investment and Minister of Transportation, Oshima exchanged the possibility of strategic cooperation between Vietnam and Japan in the future. He said that the visits of Vietnamese Prime Minister Nguyen Tan Dung in July and Japanese Prime Minister Naoto Kan in October and the signing of the Japan-Vietnam Joint Statement shows that the two countries should work closely on many key projects. Oshima stressed that JICA will implement all the agreements in the Joint Statement and Japanese ODA for Vietnam will be targeted towards infrastructure development. Vietnam is striving to become an industrialised country by 2020. To help Vietnam obtain this goal, Japanese will work with Vietnam in 4 major fields including developing economics and strengthening international competitiveness; improving social living standards and narrowing the gap between the urban and rural areas; protecting urban environment, forests and preserving bio-diversification; supporting Vietnam to…... [read more]

Mr. Candy said Vietnam’s favourable business environment is one of the factor that attract many European investors to the country, especially since Vietnam has approved laws, decrees, and circulars to gain WTO commitment. However, he said, the Vietnamese Government should pay more attention to reducing barriers that reduce its competitiveness, improving the quality of the workforce, upgrading infrastructure, supplying energy, encouraging cooperation, and promoting administrative reforms. The time for investment certificate issuance should be shortened by approving a single-window policy for the procedure, he said. The “White Book 2010” indicates Vietnam’s progress in improving the legal framework and upgrading the infrastructure. It also points out the country’s administrative burden in 2010 and proposes the government focus on key issues to increase it medium- and long-term competitiveness. Speaking at the press briefing, Matthias Duhn, Director of EuroCham Vietnam, emphasized that in addition to upgrading its infrastructure, Vietnam should form a culture to encourage creativity and new ideas to add value to its economy.... [read more]

The event is co-organised by the Information Technology Department of the State Bank of Vietnam (ITDB) and the International Data Group (IDG). Featuring the theme “Optimizing technology infrastructure – diversifying banking services”, Banking Vietnam 2011 is expected to attract policy-makers, leading experts and enterprises from Vietnam and abroad who will share information and experience, work out solutions and seek business opportunities, with the aim of modernising Vietnam’s banking system. Banking Vietnam 2010 The two-day event marks the 60th anniversary of the banking industry. Over the past years, this prestigious event has always been tied in with continual growth and progress of Vietnam’s banking system. More than just banking technology forum, Banking Vietnam has made great contributions to Vietnam’s banking system modernization and been where the world-class banking technologies and services are converged. The conference will touch upon many topics, such as Risk Management and Security, Non-cash payment, Mobile payment, New Models of Integrating Technology, Retail & Corporate Banking, Fraud Prevention & Detection, Anti-Money Laundering, Cloud Computing, Disaster Recovery, Storage Security System, ATM Securing & Protecting, Multi-channel Banking Services, Next generation of E-Payment, and Card Holder Management & Issuing Services. It will also include panel discussions on risk management, competitiveness improvement, security in banking system and non-cash payment. An exhibition will also be held on the occasion to showcase latest technologies and effective solutions for modernizing banking system. The event will see the participation of the world’s leading businesses, banks and credit organisations inside and outside the country.... [read more]

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