Economic forum to help Gov’t develop recovery measures
The Vietnam Economic Forum 2021 is scheduled to take place on December 5 to help the Government design a package of fiscal and monetary solutions to shore up the economy.
NA Chairman Vuong Dinh Hue (standing) addresses the meeting in Hanoi on November 30 (Photo: VNA)
Hanoi (VNA) –The Vietnam Economic Forum 2021 is scheduled to take place on December 5 tohelp the Government design a package of fiscal and monetary solutions to shoreup the economy.
Chairman of the NationalAssembly (NA) Vuong Dinh Hue presided over a meeting in Hanoi on November 30 withstanding members of the NA’s Committee for Economic Affairs and a group ofexperts and researchers on financial and monetary policies assisting theimplementation of the socio-economic recovery and development programme.
He said the forum will beorganised by the NA’s Committee for Economic Affairs, the Party Central Committee’sEconomic Commission, and the Vietnam Academy of Social Sciences.
The event will take placeboth in person and via videoconference and gather domestic and foreignscholars, experts, and researchers. It aims to help clarify scientific andpractical grounds to help the Government design a package of fiscal andmonetary solutions.
Hue said it is necessary tohave in-depth assessment since the global economy has changed constantly amidthe COVID-19 pandemic’s impacts; as well as to identify the extent ofdamage and recovery capacity of the economy, determine sectors needing moresupport to recover and develop, and find out potential areas for acceleratingrecovery to fuel growth of the economy.
Short-term solutions alsoneed to take into account long-term issues, macro-economic stability, and sustainabledevelopment, the Chairman said, adding that the policies helping with economic recoveryin the short term should not cause macro-economic instability in the long term,according to the top legislator.
The Government has built aplan to develop fiscal and monetary mechanisms and policies for assisting the implementationof the general socio-economic recovery and development programme./.
The building of economic recovery solutions will depend on the development of COVID-19, the progress of vaccination and the capacity of supplying COVID-19 treatment medicine when the country switches to the new normal situation, said Minister of Planning and Investment Nguyen Chi Dung.
The increasing proportion of clean energy such as solar and wind power in recent years has helped Vietnam diversify energy sources and reduce its dependence on imported energy, thus enhancing its national energy security, said Director of the Ministry of Industry and Trade’s Department of Electricity and Renewable Energy Hoang Tien Dung.
It is urgent for Vietnam to develop financial and budgetary solutions to stablise the macro-economy and boost economic recovery and development post-COVID-19, Deputy Finance Minister Vo Thanh Hung told the Vietnam Finance Forum 2021 on November 16.
Vietnam’s Government is planning a master programme to gear up for a post-pandemic recovery, which this time requires sophisticated organisation and effective implementation to ensure long-term efficiency.
Ho Chi Minh City is the leading locality in the country in economic reopening and recovery, according to the American Chamber of Commerce in Vietnam (AmCham Vietnam).
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
NA Chairman Vuong Dinh Hue (standing) addresses the meeting in Hanoi on November 30 (Photo: VNA) 
