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Congratulations on Indonesia National Day AT A GLANCE %

PARTY CENTRAL COMMITTEE PLENUM DISCIPLINES SENIOR OFFICIALS
The 13th Party Central Committee’s third plenum, which took place of Industry and Trade. Meanwhile,
in Hanoi between July 5 and 8, decided on a number of important Tran Van Nam, a member of the
issues relating to the socio-economic development plan in 2021- Party Central Committee, Secretary
2025 and also looked into nominations for leading positions at State of the Party Committee of southern
agencies set for submission to the 15th National Assembly to elect Binh Duong province, and head of
or approve at its first session. The Party Central Committee also the provincial delegation of deputies to the 14th National Assembly,
decided to expel from the Party former member Vu Huy Hoang, was removed from all Party positions during the 2010-2015, 2015-
who had earlier been removed from his position as former Minister 2020, and 2020-2025 terms.

FIRST SESSION GETS UNDERWAY 15th NATIONAL ASSEMBLY
During its first session from July positions included Vice State President, National Assembly Vice
20 to 28, the 15th National Assembly Chairpersons, Deputy Prime Ministers, Ministers, NA General
(NA) elected and approved leader- Secretary, Chairperson of the NA Ethnic Council, Chairpersons of
ship positions at State agencies for NA committees, the Auditor General of the State Audit Office, Chief
the 2021-2025 term. Mr. Nguyen Justice of the Supreme People’s Court, and Prosecutor General of the
Xuan Phuc, Mr. Pham Minh Chinh, Supreme People’s Procuracy. The NA also approved the socio-
and Mr. Vuong Dinh Hue were re-elected State President, Prime economic development plan in the 2021-2025 period and decided
Minister, and National Assembly Chairman, respectively. Other upon other important issues.

FOREIGN INVESTMENT OVER $15 BLN. POURED IN DURING 1H
As of June 20, $15.27 billion in FDI capital had been poured into World Investment Report 2021, Viet-
Vietnam this year, equal to 97.4 per cent of the figure recorded in the nam was among the world’s top 20
same period last year, according to the Ministry of Planning and Invest- host economies for FDI for the first
ment (MPI). Singapore leads the 80 countries and territories investing time in 2020, with inflows of $16
in the country, with $5.64 billion, followed by Japan with $2.44 billion billion, rising five places against the
and the Republic of Korea with $2.05 billion. FDI disbursement in the previous year’s ranking to 19th. The
period rose 6.8 per cent year-on-year to $9.24 billion. The country has report also stated that Vietnam remained among the three largest
now registered a total of 33,787 FDI projects with capital of $397.89 recipients of FDI in the region with a decline of just 2 per cent, while
billion, of which $241.1 billion, or 60 per cent, has been disbursed. the other two - Singapore and Indonesia - suffered falls of 21 per cent
According to the UN Conference on Trade and Development (UNCTAD)’s and 22 per cent, respectively.

ADB BOOSTS RESILIENCE IN HEALTH CLIMATE CHANGE ADAPTATION
The Asian Development Bank (ADB) fever, malaria, heat stress, and dysentery. It will complete detailed
has announced a pioneering six- vulnerability and adaptation assessments for 14 high-risk provinces
year regional technical assistance in these countries and train more than 1,300 health sector staff on
initiative that will boost the capacity climate change and health adaptation. More than 600 policy makers
of health systems in Cambodia, from the public and private sectors will participate in high-level
Laos, and Vietnam to respond to advocacy meetings and workshops focused on national health adaptation
climate-induced health threats amid Covid-19. The Strengthening strategies and the coordination of disease surveillance and responses,
Resilience to Climate Change in the Health Sector in the Greater among others. “The health national adaptation plan and surveillance
Mekong Subregion (GMS) project will help the three countries adopt systems supported by this project will help Vietnam mitigate climate
national health adaptation plans to address weather-related health change’s health and economic impacts amid the pandemic,” said ADB
risks, including heat and communicable diseases such as dengue Country Director for Vietnam, Mr. Andrew Jeffries.

ECONOMIC GROWTH TARGET REMAINS UNCHANGED
At a regular government meeting on July 1, Prime Minister Pham revenue hit $316.73 billion, up 32.2
Minh Chinh affirmed that the economic growth target for this year per cent. However, the report also
remains unchanged, with two scenarios of 6 per cent and 6.5 per forecast that Vietnam will continue
cent forecast. It was reported at the meeting that growth stood at to face difficulties and challenges
5.64 per cent in the first half of the year, much higher than the 1.82 over the remainder of the year as
per cent recorded in the same period last year, while import-export Covid-19 lingers.

AUGUST 2021 | VIETNAM ECONOMIC TIMES | 3