A lecturer at the University of UK-based Bristol explained why Vietnam should care about green finance now at the sideline of the seminar 'Green finance and carbon credit market'.
The economic growth rate in the first six months of the year clearly indicates that the economy in Vietnam is still facing a multitude of difficulties in both aggregate demand and total supply.
Prime Minister Pham Minh Chinh asked Bac Kan to focus on forest-and tourism-based economy at a working session with the Standing Board of the provincial Party Committee as part of his trip to the northern mountainous province on July 16.
Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai yesterday said that Binh Chanh outlying district not only depends on the state budget but must seek social resources for public investment.
Cash flow from government bonds is meant to flow into the treasury for the benefit of the economy but in a vicious cycle, cash is being deposited back in banks to buy government bonds once again.
Many businesses supposed that the government should consider reducing and delaying the payment of corporate income tax after giving 2-percent VAT cut to support businesses to overcome difficulties.
HCMC People’s Committee announced that it plans to disburse 95 percent of the allocated public investment by 2023 despite the low rate so far due to various factors.
Drastic measures are needed for Ho Chi Minh City (HCMC) – the country’s largest economic hub - to address a series of problems in a bid to speed up recovery, experts have said.
The steel market is likely to recover in the third and fourth quarters of this year thanks to augmented efforts to disburse public investment and credit packages for social housing projects, along with positive signs of the Vietnamese economy.
Based on statistics, the public investment disbursement rate in HCMC was only 2 percent in the first quarter of 2023. If this situation persists, it may be challenging to achieve the disbursement plan of over VND70 trillion by the end of 2023.
Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai announced that the city will focus on solving documents and procedures to remove bottlenecks for city dwellers and businesses, especially for investment projects.
Deputy PM Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the canceled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.
According to a report by the State Treasury of HCMC, by February 28, the total disbursed capital was VND369 billion, only reaching 1 percent of the plan.
The HCMC People’s Council plans to supervise public investment at People’s Committees, agencies, units and departments in the city from April 4 – May 21.
The building material market was fairly gloomy in the first weeks of the year, with building material stores and construction contractors suffering firsthand because there have not been many new projects.
