Latest news with #NguyenHoaBinh
The Star
43 minutes ago
- Politics
- The Star
Vietnam to appoint leaders for newly-merged localities
HANOI: The Vietnamese government will appoint chairpersons and vice chairpersons for newly-merged localities to implement a two-tier local administration system starting from July 1, Deputy Prime Minister Nguyen Hoa Binh (pic) said on Friday (June 20). Binh made the statement while responding to questions from National Assembly deputies during an ongoing session of the top legislature in the capital Hanoi, Vietnam News Agency reported. He said the government will also reorganise headquarters and facilities for newly established provincial and communal-level agencies. Last week, the National Assembly passed a resolution on merging provincial-level administrative units, reducing the number of provinces and centrally-run cities from 63 to 34. - Xinhua
Reuters
9 hours ago
- Business
- Reuters
Vietnam Q2 GDP growth estimated at 7.6% y/y, deputy PM says
HANOI, June 20 (Reuters) - Vietnam's gross domestic product is expected to have grown 7.6% in the second quarter from a year earlier, Deputy Prime Minister Nguyen Hoa Binh told parliament on Friday. Binh said annual growth for the first half is estimated at 7.3%, adding it would be a "big challenge" to reach this year's growth target of 8%. He said Vietnam is seeking to maintain harmonious trade relations with the United States and China, its two largest trading partners. Vietnam has been holding negotiations with the U.S. to strike a deal that would allow Vietnamese goods to avoid a 46% tariff rate, imposed largely as a result of its big trade surplus with Washington. "Vietnam is doing its best to avoid the U.S.'s 46% reciprocal tariffs on its products," Binh said. "We don't assume that the tariff will take effect." To meet this year's GDP target, Vietnam has been seeking to "renew" its existing growth drivers, including exports, manufacturing, public investment and foreign direct investment, Binh said. He added that Vietnam is also seeking new growth drivers, including green investment as well as high-tech industries like semiconductors.
