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42nd ASEAN Summit wraps up highlighting three key pillars

The 42nd ASEAN Summit concluded on May 11 after three days of meetings, with leaders approving many documents in all three key pillars of political security, economy, and socioculture.The 10 documents approved at the summit include the ASEAN Leaders’ Declaration on Developing Regional Electric Vehicle Ecosystem; ASEAN Leaders’ Declaration on One ...

High time to invest in scaling up HPV vaccination: study

Comprehensive investment in vaccinations against human papillomavirus (HPV) and cervical cancer screening and treatment can yield substantial socio-economic returns and eliminate the disease in Vietnam.Cervical cancer caused by HPV is a major public health concern worldwide, including in Vietnam. In 2018, cervical cancer was the ...

Heatwaves, scanty rainfall pose threat of large-scale power shortage

Heatwaves and scanty rainfall have resulted in low water levels in hydropower dams whereas the presence of heatwaves means a frenzied electricity demand in the affected areas.According to the National Center for Hydro-meteorological Forecasting, the El Nino phenomenon occurs from about June or July and ...

Anh Quan, Van Phuc

Analysts: Vietnam needs to prepare for global minimum corporate tax

Global minimum corporate tax expected to take effect from next January.The global minimum tax rate is a key element of a program to combat tax base erosion and profit shifting, initiated by the Organization for Economic Cooperation and Development (OECD) and now embraced by more ...

Anh Tuyet

Vietnam aims for sustainable development with Power Development Plan VIII

The Power Development Plan for the 2021-2030 period, with a vision to 2050 (PDP VIII), is a particularly important plan that aims to ensure national energy security and provide adequate and stable electricity at reasonable prices for rapid and sustainable socio-economic development.PDP VIII is designed ...

Rich’s income 7.6 times that of poor: survey

Vietnam’s richest people have an average income of almost eight times that of the poorest, a government survey has found.The richest group, defined as the 20% of the population with the highest income, had an average income of VND10.23 million ($436) a month last year, ...

Dat Nguyen

10% of young Vietnamese unemployed

One in 10 young people is unemployed and the risk of losing a job for young workers is three times higher than that of older laborers, the government has reported.The unemployment rate among young laborers (aged 15-29) was 7.6% over the first quarter of this ...

Ample room for rice exports

Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food.According to Nguyen Ngoc Nam, chairman of the Vietnam Food Association (VFA), Vietnam’s ...

Trung Chanh

New COVID-19 cases rising again, particularly Omicron variant: health official

The number of new COVID-19 cases is on the rise again, with those infected with Omicron variant making up the majority, and mainly concentrating in the northern region – where the season is changing, Prof. Phan Trong Lan, Director of the Health Ministry’s Department of ...

Green transition requires huge investment in infrastructure

Green transition in Vietnam would require new investments in at least 60% of the country’s infrastructure, according to PwC.According to PwC’s Global Investor Survey, investors have become more sustainability-aware as they have incorporated ESG (environment, social, and governance) standards into their investment decisions. Governments and ...

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