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Key Developments in Vietnam’s Economic and Social Landscape on March 18

On March 18, Prime Minister Pham Minh Chinh highlighted the importance of citizen-centered initiatives for science and technology development and called for a joint effort to combat wastefulness across all political sectors. Forecasts indicate Vietnam will be among the top 30 fastest-growing economies by 2030, with significant increases noted in e-commerce tax revenue and coffee exports. Additionally, the renovation of Dong Kinh – Nghia Thuc Square and diplomatic participation in international events were marked as significant developments.

In a comprehensive overview of significant events reported by the Vietnam News Agency on March 18, Prime Minister Pham Minh Chinh is urging a citizen-focused approach in advancing science and technology, innovation, and digital transformation initiatives. He emphasized the need for reduced administrative procedures and comprehensive digital citizenship during the Government steering committee’s inaugural meeting on this subject. The emphasis remains on proactive public services for the benefit of both citizens and enterprises.

On the same day, Prime Minister Chinh called for a concerted effort across ministries, agencies, and localities to combat wastefulness as a shared responsibility. He highlighted the necessity for engaged participation in a recently issued directive aimed at curtailing waste, unlocking resources, and fostering sustainable economic growth despite challenges such as the COVID-19 pandemic and natural disasters. The directive emphasizes effective resource mobilization in various sectors to ensure national welfare and security.

According to DHL’s recent forecast, Vietnam is projected to be among the top 30 fastest-growing economies globally in terms of both trade-growth speed and volume by the year 2030. This forecast, published by The Business Times, positions Vietnam alongside Indonesia and the Philippines as leading economies within the Southeast Asian region.

Moreover, during his visit to the UK from March 16-20, Standing Deputy Prime Minister Nguyen Hoa Binh engaged with various stakeholders to promote the establishment of financial centres in Vietnam. His discussions included valuable interactions with the Vietnamese Intellectual Society, which comprises nearly 200 scientists and researchers.

In the culinary arena, Vietnamese rice has been gaining traction in Japan as consumers increasingly seek its high quality. Takashi Takanashi of Spice House Co. noted a rising demand as the company receives numerous requests for Vietnamese rice, reflecting its similarity to local varieties.

Filum AI, a customer experience management platform leveraging artificial intelligence, successfully raised 1 million USD in funding from regional investors, signifying confidence in its potential for growth. The funding announcement was made on March 18, showcasing the support from prominent investment funds and key individual investors.

A report from the Department of Taxation highlights a significant increase in tax revenue from e-commerce, reporting 130 foreign suppliers, including major firms like Google and Facebook, that have complied with tax regulations through the electronic tax portal. This contributed approximately 2.91 trillion VND (roughly 114 million USD) from foreign entities and 1.6 trillion VND (62.6 million USD) from local businesses.

Vietnam has made substantial strides in coffee exports, shipping 309,505 tonnes with a revenue of about 1.72 billion USD in the initial two months of the year, despite a decrease in export volume owing to increased global prices. The trend signals a robust coffee market, with a reported increase in export value by 37%.

Furthermore, the Hanoi People’s Committee has finalized a report on the renovation and design plans for Dong Kinh – Nghia Thuc Square, a historic landmark in the Hoan Kiem district. The committee is committed to integrating modern designs with the site’s significant architectural heritage.

Vietnamese representatives were in attendance at the 4th International Colloquium Patria in Havana, Cuba, reinforcing diplomatic ties with international partners. The event featured prominent figures, including Cuban President Miguel Díaz-Canel.

In the context of regional development, Tuyen Quang has been urged to implement effective resolutions for advancements in infrastructure and investor attraction, while other leaders are encouraged to reaffirm Vietnam’s commitment to relations with neighboring countries like Laos. Meanwhile, advancements in the domestic private sector have been recognized as key contributors to the nation’s economic competitiveness.

The March 18 briefing detailed significant initiatives and developments led by the Vietnamese government, particularly focusing on the enhancement of technology, public services, and economic growth strategies. Prime Minister Pham Minh Chinh’s directives underline the need for a collective effort in addressing wastefulness and maximizing resource utilization. Additionally, the marked rise in international interest toward Vietnamese exports, particularly rice and coffee, along with advancements in technology funding further illustrate the country’s upward trajectory in economic development. Diplomatic engagements continue to strengthen Vietnam’s position on the global stage, emphasizing collaboration for mutual growth.

Original Source: en.vietnamplus.vn

Niara Abdi

Niara Abdi is a gifted journalist specializing in health and wellness reporting with over 13 years of experience. Graduating from the University of Nairobi, Niara has a deep commitment to informing the public about global health issues and personal wellbeing. Her relatable writing and thorough research have garnered her a wide readership and respect within the health journalism community, where she advocates for informed decision-making.

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