Viet Nam became a middle-income country (MIC) in 2008, and remains at the lower MI level. Recently, Japanese economist Kenichi Ohno stated that Viet Nam had fallen into the middle-income trap, and his diagnosis sparked a heated debate on what was the country's true economic situation.
In a candid assessment, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh said several weeks ago that many of the 2,300 official visits abroad by Vietnamese delegations in 2013 were ineffective and a waste of scarce State budget resources. Viet Nam News spoke to several experts and officials on the issue.
Foreign investors have distributed US$1.12 billion in foreign direct investment (FDI) projects in Viet Nam during the first two months of 2014, up 6.7 per cent from one year ago, according to government statistics.
In his message for 2014, Prime Minister Nguyen Tan Dung emphasised the need to foster the rule of law and democracy in Viet Nam. He also stressed the importance of agriculture reforms and carrying forward the restructuring of state-owned enterprises. Thu Van and Ha Phuong discussed these issues with several officials and experts.
In the 10 years since its inception in Viet Nam, the pay TV industry has enjoyed spectacular growth, driven largely by the country's impressive economic expansion. The Ministry of Information and Communications estimates that out of the 22 million TV subscribers at the end of 2012, about four million subscribed to pay TV.
Five Nobel laureates have visited Viet Nam this month to attend a number of scientific exchange events held by the Association Rencontres du Vietnam in central Binh Dinh Province.
A 52-year-old father in Ha Noi was sentenced to 16 years in jail last week for raping his daughter. The case has aroused public outrage and concern about the recent increase in child cruelty and sexual abuse. Viet Nam News reporter Nguyen Thu Hien spoke with the authorities, experts and victims to examine the issue.
Besides the social and economic achievements they have created, the development of industrial zones and complexes over the past years have seen several negative impacts, especially on the environment and to public health. Most recently, scientists and legislators have raised concerns about the serious pollution caused by the Bien Hoa Industrial Zone No 1 and have proposed relocating it. The Viet Nam News spoke with stakeholders about the issue.
A number of serious malfunc-tions occurred consecutively at different small-scale hydro-power plants in the central region and Central Highlands over the last few months. They have raised grave concerns about the safety of hundreds of other plants in the area. Viet Nam News reporter Le Quynh Anh spoke to the authorities and experts to examine the issue.
The Ministry of Industry and Trade (MoIT) has proposed an adjustment of retail power prices sold to households, producers and traders.
Income not the only measure of poverty
Viet Nam's poverty rate is estimated at around 10 per cent but the number of people who do not achieve social well-being is believed to be much higher. It's necessary to go beyond income when defining people's experiences.

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Mekong summit calls for greater riparian co-operation Mekong summit calls for greater riparian co-operation

Mekong River riparian countries have improved co-operation since the first Mekong River Commission (MRC) summit held in Thailand four years ago, a senior Vietnamese official has said.

Viet Nam attempts to hold back deadly measles strain Viet Nam attempts to hold back deadly measles strain

The head of Viet Nam's General Department of Preventive Medicine, Tran Dac Phu, announced on Tuesday that the department would work to contain the outbreak of measles over the coming months.

Da Nang plans a greener future Da Nang plans a greener future

The central city of Da Nang will have a face-lift as it becomes a green city following the Prime Minister's decision on the city's adjusted master urban plan for 2030 and 2050.

Delta households face water shortage Delta households face water shortage

More than 377,000 people in the Cuu Long (Mekong) Delta face a fresh water shortage because of saline water intrusion in the area, according to the National Centre for Rural Clean Water Supply and Environmental Sanitation.

Ha Noi to host National Shooting Cup 1    Ha Noi to host National Shooting Cup

The National Shooting Cup is scheduled to take place in the Ha Noi-based National Sports Training Centre from April 16 to 24.