Sunday, 29/3/2020

Current Affairs

Prime Minister Nguyen Xuan Phuc paid official visits to the Russian Federation, the Kingdom of Norway and the Kingdom of Sweden

During the nine-day visit to the three countries from May 20-28, the Prime Minister had a working program with more than 50 activities. He had talks, and meetings with senior leaders of the three countries; attended business forums, met investors, overseas Vietnamese, visited and worked at localities, production establishments, high-tech centers of enterprises and large corporations; and met with Russian and Swedish friends who have made great contribution to the national construction and defense of Vietnam.

Politics

Harmoniously solving relations between peoples, promoting national solidarity alongside the course of increased industrialisation and modernisation

In the renovation phase characterized by industrialisation, modernization, and international integration, the Communist Party of Vietnam (CPV) has worked out policies to solve relations between peoples based on the principle of equality, unity, mutual respect and assistance for mutual development. Accordingly, the State of the Socialist Republic of Vietnam has issued specific, proper policies and action programs, which promotes socio-economic development, gradually improving both material and spiritual lives in ethnic minority communities, changing the face of ethnic minority areas and mountainous areas.

Economy

Finalizing the tax policy system to restructure budget revenues for sustainability

Over the past 30 years of the national renovation and development, having been continuously been reformed and revised the tax policy system has achieved important results, thus not only strongly supporting the national socio-economic development and international integration but also ensuring sustainable revenues for the state budget. However, the new national and international movement tendency has posed increasingly bigger challenges which require further completion of the tax policy system in order to meet the demands of integration and development.

Culture - Society

Fulfilling commitments on labour-union when CPTPP comes into force: Challenges and measures

After the US had claimed its withdrawal from the Trans-Pacific Partnership Agreement (TPP), the remaining 11 countries negotiated a new trade agreement named Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed on March 8th 2018 in Chile. This is the highest-level trade agreement that Vietnam has ever participated in so far. During the negotiation, the Labour Chapter, which placed great emphasis on the freedom of association emerged as a tough issue not only for Vietnam but also for other countries involved.

Foreign Relations and International Intergration

The actual situation and prospect of attracting foreign direct investment from the European Union

Over the past years, there has been an increase in the EU inflows of FDI into Vietnam in the broad sense, remarkably contributing to the economic development of the recipient. However, the capital flows have remained modest given the huge potential of the bilateral economic cooperation. With the signing of the EU – Vietnam Free Trade Agreement (EVFTA) on June 30th, 2019, the EU inflows of FDI are expected to surge in the coming time.

Focus

Fundamental principles of state- market relation

The factual growth of the world’s economy and the historical development of the economic theories about the relationship between the state and the market show that state- market relation is closely associated with the development of the state as well as the birth and development of market. Historical development of market economy, in a certain aspect, is the process of adjusting the state - market relation.

Magazine