Page 8 - VET356

AT A GLANCE

DIGITAL TRANSFORMATION GREATER EFFORT REQUIRED

Addressing the eighth meeting of the National Committee for human resources and skills to meet socio-
Digital Transformation on April 24, Prime Minister Pham Minh economic development requirements; and
Chinh called for the stepping up of institutional improvements ensure cyber security and information secu-
and the creation of a full legal corridor to promote national digital rity to protect national cyberspace sover-
transformation and develop Vietnam’s digital economy. He empha- eignty early and from afar. He also urged that measures be con-
sized the need to hasten upgrades to digital infrastructure and certedly and effectively carried out so that Vietnam will move up
digital platforms to provide a foundation for digital economic at least five places in the United Nations e-Government Development
development; promote the creation of digital data and the devel- Index and be listed among the Top 30 countries in the Global
opment of digital services; step up the development of digital Cybersecurity Index.

NA CHAIRMAN REMOVED FROM POSITION PERSONNEL AFFAIRS

At its seventh extra-ordinary session on Hue violated regulations on acts Party members must not
May 2, the 15th National Assembly (NA) commit along with regulations concerning the responsibility of
approved the removal of Mr. Vuong Dinh officials to set a good example, especially members of the
Hue from his positions as Chairman of Politburo, the Party Central Committee’s Secretariat, and the
the 15th NA, Member of the Council of National Defense and Party Central Committee. He also bore responsibility as a Head
Security, and Deputy in the 15th NA. Earlier, at its meeting on under Party regulations and State law. According to an announce-
April 26, the 13th Party Central Committee agreed to allow Mr. ment from the NA Standing Committee on the same day, Mr.
Hue, as was his wish, to cease holding the positions of Politburo Tran Thanh Man, Politburo Member and Standing Deputy
Member, Member of the 13th Party Central Committee, and Chairman of the NA, will manage the activities of the legislature
Chairman of the 15th NA. According to the Party Central Com- and its Standing Committee until a new Chairman is elected in
mittee’s Inspection Commission and relevant authorities, Mr. accordance with the law.

FDI DISBURSEMENT FIVE-YEAR RECORD POSTED

According to the General Statistics Office (GSO), total FDI capital 2024, a year-on-year increase of 4.5 per
disbursed in the first four months of this year is estimated at $6.28 cent. Of this, $7.11 billion went to 966 new
billion, up 7.4 per cent year-on-year and the highest figure in the projects, an increase of 28.8 per cent in
four-month period in the past five years. The manufacturing and project numbers and 73.2 per cent in capital
processing sector saw the largest disbursement, of $4.93 billion, year-on-year. The manufacturing and processing sector led in
accounting for 78.5 per cent of the total. It was followed by the real newly-registered FDI capital, with nearly $5 billion, followed by
estate business, with $607.6 million, and the production and distri- real estate with $1.6 billion. Among the 50 countries and territories
bution of electricity, gas, hot water, steam and air conditioning, with newly-licensed projects in the first four months, Singapore
with $259.8 million. The GSO also reported that as of April 20, ranked first in terms of capital, with $2.59 billion, accounting for
total FDI inflows into Vietnam had reached nearly $9.27 billion in 36.4 per cent of the total.

CENTER TO BE LAUNCHED IN HCMC INDUSTRY 4.0
At a workshop on the Center for the Fourth expected to be located at the Saigon Hi-Tech Park. Its establishment
Industrial Revolution (C4IR) held in Ho is part of cooperation between the Vietnamese Government and
Chi Minh City on April 25, Deputy Chair- the World Economic Forum (WEF) for the 2023-2026 period and
man of the Ho Chi Minh City People’s also under a deal signed between the Chairman of the municipal
Committee Vo Van Hoan revealed that the C4IR in the southern People’s Committee and WEF leaders earlier this year. Mr. Hoan
city is to be officially launched in September, with the mission of expressed a hope that the Center would become a platform not
being Vietnam’s leading facility in advising national industrial only for the city but also for the entire country to shape the devel-
policies, piloting their implementation in the city, and promoting opment of Industry 4.0 strategies in line with the overall national
economic transformation during Industry 4.0. The second of its development strategy, contributing to the global trajectory of
kind in Southeast Asia and the 19th worldwide, the Center is technological advancement.

SMART AGRICULTURE ECOLOGICAL FARMING PROJECT INTRODUCED
A project entitled “Smart Agro-ecological Transformation of Farming MARD in April 2023 and launched in the
Systems towards Resilience and Sustainability in Middle and Mekong Delta province of Hau Giang
Coastal Zones of Vietnam’s Mekong Delta (STAR-FARM)” was province on December 13, 2023 at the Viet-
officially introduced at a meeting co-hosted in the Mekong Delta nam-Hau Giang International Rice Festival.
province of Tra Vinh on April 25 by the Ministry of Agriculture and Underway from 2023-2027, the project consists of three components,
Rural Development (MARD), the United Nations Food and Agri- including supporting the enforcement of policies related to the
culture Organization (FAO), and the Tra Vinh Department of Agri- transformation of smart food systems in climate change, supporting
culture and Rural Development. According to Mr. Nguyen Do the development and improvement of ecological agricultural value
Tuan Anh, Director of MARD’s Department of International Coop- chains, and enhancing the adaptive capacity of stakeholders in
eration, the project has total funding of nearly €4.2 million ($4.66 monitoring and evaluating the transformation of food systems,
million), funded by the EU through the FAO. It was approved by promoting innovation and creativity.

8 Vietnam Economic Times May 15, 2024 en.vneconomy.vn