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Friday, February 10, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



HO CHI MINH STOCK INDEX (VNINDEX:IND)


HO CHI MINH STOCK INDEX


Vietnam to Speed Up Development of Rural Areas

Aug. 19 – The Communist Party of Vietnam Central Committee has approved a resolution that will speed up development in its agricultural, forestry and fishery sector with target annual growths of 3 to 3.5 percent by 2010.

The resolution hopes to increase rural incomes by 2.5 times and incorporate rural laborers to account for 30 percent of the country’s total workforce by 2020.

The government plans to have more than 50 percent of the workforce to undergo training. It assured that despite the planned rural development, Vietnam will still maintain its capacity for rice production to ensure national food security.

The country is working towards strengthening its processing industry, infrastructure and human resource training. There are plans to increase funding to build irrigation works, river and sea dikes, rural electricity grids, a rural social welfare system, and improving healthcare service and ensuring security in rural areas.

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