Therefore, the Government has set a growth target of 6.5 per cent for this year, twice the growth rate of last year. This is a big challenge as the pandemic is still complex, there are many risks related to trade conflicts between major economies and global political instability. … [Read more...] about Vietnamese economy tipped to bounce back in 2021
Digital transformation best practices
Australian Open to plough ahead despite players’ quarantine anger
MELBOURNE -- Australian Open tournament director Craig Tiley has confirmed the year’s first Grand Slam will go ahead from Feb. 8 despite anger from players forced into hard quarantine in Melbourne due to positive COVID-19 cases on their charter planes. … [Read more...] about Australian Open to plough ahead despite players’ quarantine anger
Private sector development to enhance FDI efficiency
Vietnam must have really strong local enterprises to have a self-reliant economy. This poses an urgent need, that is the attraction and use of FDI in the next phase must bring about qualitative efficiency, meaning that the value of the production chain in Vietnam must belong to Vietnamese enterprises. Meanwhile, the private sector currently has a dominant presence in the economy, with some 800,000 enterprises operational as of October 2020, but over 95% of them are micro, small and medium busiensses. Therefore, the concentration of all resources available (capital, including land, high-quality manpower, incentives and so on) to develop the private sector economy is an urgent need for FDI attraction in the next phase. If private enterprises remain micro, small and medium, lack capital and technology, and still face administrative troubles, Vietnam will not have sufficient enterprises big and strong enough to be able to ally and partner with foreign enterprises so as to master each area … [Read more...] about Private sector development to enhance FDI efficiency
URC Vietnam accelerates green turn
URC Vietnam accelerates green turn Protecting employees and consumers has been top-of-mind for many companiese in this difficult year. What has URC done in this regard? Besides state-of-the-art laboratories and international standardised production lines for safe and quality products, URC Vietnam perceives that we can grow sustainably only when we build a strong team of professional, engaged, and dedicated people who have committed to the same values. … [Read more...] about URC Vietnam accelerates green turn
Gov’t orders synchronous implementation of measures for 6.5-percent growth
Particularly, the Government requires ministries and ministerial-level agencies to actively receive and handle proposals of localities under their assigned functions, tasks, and authority to promptly and drastically remove problems in production and business activities. In case that the proposals are beyond their powers, they must report to the Government and the Prime Minister for consideration and decision. Ministries, central agencies, and localities must focus on strictly implementing Directive No.48-CT/TW of the Secretariat of the Party Central Committee on the celebration of the Lunar New Year, Directive No. 44/CT-TTg of the Prime Minister on strengthening measures to ensure a happy, healthy, safe, and thrifty Tet holidays, and the Telegram No.1711/CD-TTg on ensuring traffic safety along with the prevention of the Covid-19 pandemic during Lunar New Year and spring festival in 2021. The Government emphasized that they must continue to focus on implementing the dual goals and … [Read more...] about Gov’t orders synchronous implementation of measures for 6.5-percent growth