The People’s Committee of the northern mountainous province of Ha Giang signed a strategic cooperation framework for the 2020 – 2025 period with the World Bank (WB) in Vietnam on May 25.
Speaking at the signing ceremony, Chairman of the provincial People’s Committee Nguyen Van Son said Ha Giang launched nine projects funded by the WB at a total cost of over VND1.99 trillion (US$86.5 million) during 2011-2020, four of them have been put into use and the remaining are underway.
Under the new framework, the WB in Vietnam will partner with the Ha Giang authorities to develop green and sustainable tourism, transport infrastructure and health care, as well as offer water supply to residents at Dong Van karst plateau geopark.
WB Country Director in Vietnam Ousmane Dione suggested the province issue practical solutions to implement projects in key infrastructure, transport, clean water supply, environment hygiene, energy, start-ups and business.
He hoped that Ha Giang, as a poor province, will pool public consensus and involvement in building transport infrastructure. developing tourism and agriculture, and improving local livelihoods. He also pledged that the WB will stand side by side with the province during its development.
Secretary of the provincial Party Committee Dang Quoc Khanh, for his part, said the signing will lift bilateral ties to a strategic level during 2020-2025.
Earlier, Dione took a fact-finding trip to four local districts to learn more about their situation.
By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.
The State Bank of Vietnam set the daily reference exchange rate at 25,624 VND/USD on October1, down 3 VND from the previous day.
Quang Ninh's GRDP grew 15.04% in the third quarter, also leading the country.
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Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.
Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.
Vietnam needs a comprehensive policy framework to remove legal and procedural bottlenecks and create conditions for offshore wind power projects to access long-term investment capital, helping to unlock the country’s substantial offshore wind potential, said insiders.
Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.
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For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of the airport.
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The company will buy non-performing loans from credit institutions and foreign bank branches, recover and dispose of debts and collateral, restructure loans and support lenders in resolving bad debts.
Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.
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