National Assembly Chairman Vuong Dinh Hue has asked for stepping up the vaccine strategy with a specific roadmap and measures to achieve herd immunity, thus laying an important foundation to catch up with the global economy.


National Assembly Chairman Vuong Dinh Hue at the event (Photo:DUY LINH)

 Chairing a working session with permanent members of the NA Committee on Social Affairs and several NA organs in Hanoi on June 13, NA Chairman Hue urged the Government to review the efficiency of support packages for laid-off workers and those hit by COVID-19 pandemic to report to the NA in the next meeting.

He reiterated the Politburo’s stance on continuing to realise the dual goals of fighting the pandemic and ensuring macro-economic stability and the safety of finance-banking and public debts.
The leader suggested continuing with the 5K+technology message, considering vaccination a strategy; and enhancing international cooperation in seeking vaccine supplies.

In order to effectively perform socio-economic development policies and provide support for those hit by the pandemic, NA Chairman Hue asked the Government to soon issue a growth scenario, accelerate the disbursement of public investment, continue improving business environment, developing private and digital economy, and stimulating domestic demand while boosting collaboration to effectively direct fiscal-monetary policy, and soon bring the Resolution adopted by the 13th National Party Congress into life.

Lawmakers reported that the NA and its Standing Committee issued nine resolutions and documents to ease difficulties amid the pandemic.

As a result, payment of VND 99.2 trillion (US$ 4.3 billion) worth of added value tax, corporate and individual income tax, land lease for 57,000 business households and 128,600 firms has been extended, along with VND 19.3 trillion in special consumption tax for automobiles last year.

Source: NDO/VNA

The Vietnamese economy will be the fastest growing in Southeast Asia this year at 6.7 percent driven by a manufacturing recovery and boom in trade.

The regional average will be 4.4 percent, a report released in May by the Asian Development Bank (ADB) forecast.

Vietnam’s GDP growth is expected to top 7 percent next year, also the highest in the region, which would average 5.1 percent.

Vietnam’s GDP is set to expand 6.5% in 2021, higher than the global average of 6%, and then rebound to 7.2% next year, according to the International Monetary Fund (IMF) in its latest World Economic Outlook report. Such growth would put Vietnam as the second fastest growing economy among five major economies of ASEAN (Indonesia, Thailand, Vietnam, the Philippines and Malaysia) along with Malaysia, and behind the Philippines at 6.9%, revealed the report.

“Vietnam’s economic fundamentals remain robust. The country has been one of the world’s best-performing economies during the pandemic; that said, we are closely watching the domestic COVID-19 situation,” said Tim Leelahaphan, economist for Thailand and Vietnam, Standard Chartered, in the bank’s recent Global Research report entitled “Vietnam – Strong performance continues this year”.

In forecasts published in April – when the 4th wave had not yet occurred in Vietnam, Oxford Economics, IMF, World Bank, HSBC are of the opinion that Vietnam’s economy would grow at 6.4%-6.6 %, this level is lower than previous forecasts at the end of 2020, Fitch Solutions only forecast at 7%.

Among international organizations, S&P Global Ratings gives the most optimistic forecast about Vietnam’s economic growth this year. In October last year, S&P expected Vietnam’s GDP growth to reach 11.2%. At the latest forecast on May 21 – when a new wave of COVID-19 occurred in Vietnam, this organization adjusted its forecast for Vietnam’s GDP growth in 2021 to 8.5%. However, this forecast is quite high compared to other organizations.

Source: cafef.vn

As a result, the Corporation’s profit in May reached 101% of the monthly plan, the accumulated 5 months achieved 69% of the annual plan and the profit doubled compared to the same period in 2020.


The results of recognizing the profit in May 2021 of the whole Corporation and the accumulated profit of the first 5 months of 2021 (unit: billion VND)

Sticking to specific orientations and goals throughout the implementation process, with the drastic direction and management of the Corporation’s leaders, the solidarity, attachment and high determination of the leadership team, As a result, the Corporation has completed the targets of the production and business plan in May and the first 5 months of 2021.

May recorded the return of the 4th Covid-19 epidemic with a great impact on businesses and people’s lives, especially a great disturbance in Industrial Parks, including Yen Phong and Tien Son industrial parks in Bac Ninh.

Calm before handling situations, Viglacera actively cooperated with Bac Ninh Province’s Steering Committee for Epidemic Prevention and Control, jointly supporting activities such as making the worker’s housing area in Yen Phong a place to isolate medical workers. In fact, Viglacera has donated 1 billion VND to frontline doctors, and also contributed 5 billion VND to the Vaccine fund. Currently, activities in Viglacera’s IPs still maintain assurance and compliance with epidemic prevention measures.

For the building materials segment, Viglacera’s production plants are currently being strictly followed by epidemic prevention measures, ensuring stable production and business activities. Commercial business activities still receive cooperation from the entire customer system nationwide, besides, Viglacera’s e-commerce sales on www.viglacera.vn are being maximized.

In addition to the general difficulties of the whole society, Viglacera still found solid directions, maintained and strongly developed production and business activities in both the fields of Real Estate, Industrial Parks and Building Materials. The results of May will be the driving force behind the Corporation’s plans for June and the first 6 months of 2021.

On the evening of April 27, 2021, Viglacera Corporation – JSC was honored to receive the award “Top 10 prestigious Industrial Real Estate Company in 2021” – a result based on independent research and evaluation of the joint stock company. Vietnam Report (Vietnam Report).

Possessing more than 20 years of experience, Viglacera is one of the first enterprises to deploy concentrated industrial parks in Vietnam. Up to now, 11 industrial parks have been put into operation, including 10 industrial parks in Vietnam and one industrial park in Cuba, with a total scale of more than 4,000 hectares, attracting more than 300 investors around the world, including many Prestigious brands such as: Samsung, Orion, Canon, Foxconn, Hyosung, Qisda, Toyoda Gosei… The places Viglacera goes to always become a reliable destination for investors, and make important contributions to the local socio-economic development.


Mr. Nguyen The Chinh – Director of Real Estate Department representing Viglacera Corporation – JSC received the award

On March 19, 2021, Vietnam Report Joint Stock Company (Vietnam Report) officially announced the Top 10 Reputable Real Estate Companies in 2021.

Top 10 reputable companies in the real estate industry are evaluated and ranked based on 3 main criteria: (1) Financial capacity shown in the latest year’s financial statements; (2) Media credibility is assessed by Media Coding method – encoding articles about the company on influential media channels; (3) Survey of stakeholders to be conducted in February and March 2021.

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