Top Stories

GDP next year is expected to increase 6-6.5%

Given that the economy in 2022 is subject to many risks and challenges from the impact of Covid-19, the Government still sets a target of next year’s GDP growth of 6-6.5%.

This goal was stated by the Government in the report on socio-economic development plan for 2022, dated October 12.

Under the authorization to present the report, Minister of Planning and Investment Nguyen Chi Dung said that, although facing the serious impact of the global crisis in terms of health, economy and society for the first time, the economic The macro economy remained stable in the first 9 months of this year.

However, 4 out of 12 targets have not been achieved. Economic growth in the first 6 months of the year reached 5.64% compared to the same period in 2020, and the 4th outbreak had a serious impact when the growth in the third quarter decreased by 6.17%, dragging the GDP growth rate. 9 months only reached 1.42%.

Mr. Dung also said that the macro economy still has some potential risks; inflation pressure increases; export deceleration. “There was a situation of disruption in some production and supply chains; the circulation of goods was sometimes blocked in some places. Financial markets, real estate, and securities had hot times.” Minister of Planning and Investment commented.

It is expected that growth for the whole year will be at 3-3.5% depending on the country’s ability to open up, but these are all very difficult indicators to achieve.

About the projected socio-economic development plan in 2022Minister of Planning and Investment Nguyen Chi Dung said that the Government set out 16 key indicators in the fields of economy, society and environment. In which, GDP growth rate is about 6-6.5%; Average CPI is about 4%; State budget deficit is about 4% of GDP…

Mr. Nguyen Chi Dung, Minister of Planning & Investment. Photo: Hoang Phong

Commenting, National Assembly Chairwoman Vuong Dinh Hue suggested that the agriculture, forestry and fishery sector still maintained growth in the third quarter and contributed to the overall growth of 0.35%. Therefore, it is necessary to clearly assess the supporting role of agriculture and how to promote agriculture in the coming time.

Meanwhile, the industrial and construction sectors were heavily affected by the 4th Covid-19 epidemic due to the implementation of strict social distancing measures, broken supply chains and dependence on the international market. Economic, logistics, freight transport, labor market faced many difficulties.

GDP of the construction industry in the third quarter decreased by 5.02%, bringing the 9-month increase to only 3.57%. Export growth of textile, leather and footwear industries slowed down. The phenomenon of supply chain disruption, labor chain, loss of customer orders has been happening. The service sector, the sector that has been hardest hit, is not easy to recover from.

The National Assembly Chairwoman emphasized that these are areas that need specific analysis, in order to have solutions for each area, they cannot be general. He noted that the solution for the last months of this year needs to clarify the prioritized content and at the same time carefully evaluate the 2022 context to have a suitable scenario.

Stated that the first important goal is to stabilize the macro-economy in association with social security, National Assembly Vice Chairman Nguyen Khac Dinh said that 2020-2021 is the most difficult period ever for the country. water. Therefore, it is necessary to have support packages with larger scale, stronger measures to recover the economy, stimulate investment demand, stimulate consumption demand and support people and businesses.

Synchronous fiscal and monetary policy, associated with administrative procedure reform, digital transformation, correction of responsible attitude of officials and civil servants, accelerated disbursement of public investment and promotion of social investment festival.

In addition, it is suggested that the Government examine, review and clarify some issues that have emerged over the past time for a report to the National Assembly such as the cost of Covid-19 test; personal charitable matters; the relocation of labor in the southern provinces, laborers returning to their homeland… Impact of the Covid-19 epidemic on disadvantaged groups who have difficulty accessing support policies and the implementation of national target programs on socio-economic development in ethnic minority and mountainous areas.

Concluding the discussion, Vice Chairman of the National Assembly Nguyen Duc Hai said that forecasting the situation in 2022 still faces many difficulties, so it is necessary to analyze specifically and have breakthrough solutions to solve. In which, attention is paid to the decreasing trend of foreign capital inflows into Vietnam, difficulties for domestic private investment, and reduced growth potential for recovery.

The implementation of supportive policies will put great pressure on the state budget, increase bad debts of credit institutions, increase unemployment and job losses, laborers are leaving the provinces and cities. In large cities, there is a local labor shortage in some areas.

The National Assembly Standing Committee unanimously submits to the National Assembly for consideration and decision the socio-economic goals, targets, tasks and solutions in 2022 and the state budget at the second session, expected to open. next October 20.

Mr. Minh



Corona Vaccination: Vaccination campaign picks up after slow start in the country, so far about 16 lakh vaccinated

After a slow start against Corona, a massive vaccination campaign started across the country from January 16 is now slowly gaining momentum. In the first week of vaccination, about 16 lakh people have been vaccinated against the corona virus. So far, 27,776 sessions of vaccination have been conducted across the country.

Three lakh 50 thousand people got vaccinated across the country on Saturday

One lakh 91 thousand people were vaccinated in 3,512 sessions across the country on Saturday. The beginning of vaccination was very slow but after the changes made by the Ministry of Health, it has registered an increase.

Changes in CO-WIN app increase

In the CoWIN app released by the Union government’s Ministry of Health and Family Welfare, there has been an increase in vaccination cases after providing on-the-spot registration. Now the health workers registered to get the vaccine on other dates are also able to register their names on the same day to get the vaccine on-the-spot. Also in delhi

6,957 people get vaccinated in Delhi

The target of vaccinating 8,100 people was set in different hospitals of Delhi on Saturday. Out of which 6,957 health workers were vaccinated. Which is 86 percent of the target fixed. According to Dr. Chitra Gupta of the Rajiv Gandhi Super Specialty Hospital, the CoWIN app has helped immensely in the vaccination campaign since providing on-the-spot registration. A lot of employees and other resources are being used to apply the vaccine. With this change, the possibility of wasting these resources has also reduced.

Number of active cases are falling continuously in the country

The number of active cases in the country today has decreased by 1.73 percent. With this, the number of active cases has fallen to 1,84,408 in the total positive cases. According to the report of the Ministry of Health and Family Welfare, five states Kerala, Maharashtra, Karnataka, Uttar Pradesh and West Bengal account for 75 percent of the total active cases of the country.

Also read

Amit Shah’s rally in Assam, said- Congress explains why the state was bloody for so many years

Experts claim- before 2021, stock markets will remain volatile

Check out below Health Tools-
Calculate Your Body Mass Index (BMI)

Calculate The Age Through Age Calculator



The growth crisis in women’s football

This is the story of a series of nervous breakdowns which football France would have done well. Accustomed to the foucades of boys, the French public discovers that the division can also reign within the French women’s team, engaged in the final sprint of qualifying for Euro 2022.

We will have had the right to everything. Statements by the captain questioning the management of coach Corinne Deacon, criticism by her of Lyon striker Eugenie Le Sommer, immediately supported by its president Jean-Michel Aulas, mediation announced by the president of the French Football Federation Noël Le Graët, on the occasion of this France-Austria on Friday, November 27, which takes place in his stronghold of Guingamp … The chronicle of the Blue, has largely gone beyond the sporting framework.

“They must first bring back titles”

After having excited France at the 2019 World Cup, ended with a disappointing elimination in the quarterfinals, would the Blue be won by the big head syndrome? This is the opinion of Laurent Nicollin, president of the association of professional women’s football clubs. Everyone has to show a little more humility, that everyone works and shuts it down, and then that they bring back titles ”, he declared in The team. His word weighs heavily, because his club, Montpellier, is one of the very first with Lyon to have seriously invested in women’s football.

→ INVESTIGATION. The immense physical challenge of footballers

“We are witnessing a growth crisis. The players are more and more professional, no longer want to be treated like kids but have not yet proven much in the national team ”, analyzes football economist Richard Duhautois. He has just published with his college Luc Arrondel an essay on women’s football, whose mischievous title “Like boys, the economy of men’s football” (rue d’Ulm editions), resonates in the context of the moment.

1% of the French football economy

With the 2019 World Cup, French women’s football was the object of a tremendous craze exceeding its real influence ”, completes this specialist who has calibrated the economic impact (budgets, salaries, media coverage) at… 1% of its male equivalent. This tiny figure, which takes into account salaries, attendance at women’s D1 matches – 1,000 spectators on average – is to be seen in relation to the number of licensed players: around 150,000, or 10% of members of the the French Football Federation.

→ INVESTIGATION. World Cup 2019, income equality between men and women is not for tomorrow

“1% against 10%. It’s all in this difference, no wonder girls want to be heard. And while the image returned lately isn’t very good, it wouldn’t have made the headlines ten years ago, he continues. This story proves that women’s football has grown in importance ”. This is also the opinion of Fabien Safanjon, vice president of the UNFP, the union of professional players and in charge of women’s football. “The girls had the image of wise players, fair play, respectful of the referee, it was their trademark, he said, but why should they be perfect? They are fully-fledged professionals, they must be treated and judged like men. “

Towards a professional league

According to the latter, “Women’s football is still infantilized, it is high time we created a professional league worthy of the name”. In fact, the players, including those playing for comfortable salaries at Olympique Lyonnais or Paris SG – two clubs monopolizing titles and finals in the Women’s Champions League – are statutorily… amateurs.

They have so-called “federal” employment contracts, exactly like the semi-professional boys evolving in the third, fourth and fifth divisions. They are under the supervision of the French Football Federation and the twelve D1 clubs, nine of which are backed by male clubs, do not have much to say about their calendar, nor the broadcasting of their matches on Canal subsidiary channels ( Foot + and Canal + sport).

“The good side of this supervision is that French women’s football has been little impacted by the Covid, the modesty of salaries has made it possible to support them in the partial unemployment scheme, observes economist Richard Duhautois. When you don’t have much, you don’t lose a lot, but I’m not sure if you don’t have to be happy ”.

————————————————– –

Two qualifying matches for Euro 2022

Initially scheduled for 2021, the Women’s Euro has been postponed by one year due to the Covid-19 pandemic. There are two games left for the French to ensure their participation in this European Championship which will take place in England. France-Austria, Friday 27 at Guingamp (9 p.m., W9) and France-Kazakhstan, Tuesday 1er at Vannes (9:00 p.m., W9).



The Rexecode think tank sees jobs in black

It is a big difference. While government forecasts point to an upturn in employment in 2021, the Rexecode Institute sees, on the contrary, the destruction of jobs continuing next year.

The gap between the forecasts of the economic research institute close to employers and those of Bercy is even proving abysmal. Admittedly, both see job destruction reaching a record level this year, more than 700,000 for the first, around 900,000 for the second. But everything changes for 2021. The government expects the creation of 435,000 jobs next year, Unédic on 300,000, while Rexecode sees on the contrary the destruction of 57,000 additional jobs.

“Playing on costs”

This chasm is all the more surprising given that the two forecasts are based on a fairly similar growth scenario: a decline in GDP of 10% in 2020 and a rebound of 8% in 2021 for Bercy, a recession of 9% and a jump. of 7.1% for Rexecode.

According to the Economic Research Institute, this alarmist forecast is explained by the taking into account of the need for companies to react after a 2020 financial year which will hamper their profitability. “LBusinesses will have to rebalance their situation. They will play on costs, that is to say on investment but also on employment », Analyzes Michel Didier, president of the institute.

The impact of partial activity

For Rexecode specialists, the only lever capable of slowing job loss will be the continuation of a generous mechanism to cover short-time working. ” The whole question is how long we can hold it “, While this device should cost more than 30 billion euros this year, explains Denis Ferrand, CEO of Rexecode.

This dark employment scenario could actually be even worse. Because the new measures taken to curb the second wave will obviously weigh on the economy. An impact that Rexecode estimates to be around 0.4% less on the GDP of the last quarter.

To help the economy pick up again, the institute therefore calls on the government to further strengthen support for businesses. He puts forward several measures, starting with the continued reduction in production taxes, even beyond the 10 billion euros already provided for in the next budget.

State guarantee

Other measures should also be taken to strengthen companies’ equity, insists Michel Didier. The president of Rexecode thus calls on the State to grant equity loans without a repayment deadline. Above all, he defends the creation of new financial instruments allowing households to invest massively in companies in exchange for a State guarantee ensuring them not to suffer any loss of capital.

This idea would amount to “ collectivize losses ” recognizes Michel Didier. But, he argues, the game is worth the effort. The presence of the state ” as an insurer of last resort “Will have the merit of” reduce uncertainty »And therefore allow the inflow of fresh money that companies will need to recover.