Institutional reform

Ly Dai Hung from the institute’s Macro-economy and Economic Institution Division said that the world situation is showing positive signs, as COVID-19 vaccines have begun to be introduced in countries such as India, Indonesia, and Switzerland and will be expanded to others throughout the year. The world economy will warm up along with the implementation of various economic support packages, thus promoting Vietnam’s trade and investment activities, he said. Delegates from research institutes discussed measures at the conference to boost post-pandemic economic growth based on innovation and digital transformation. They stressed the importance of renewing policies and institutions to encourage the engagement of the private sector in the process. It is also necessary to quickly carry out a digital transformation strategy in line with new economic stimulus packages, they added./. … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

According to CIEM, Vietnam’s macroeconomic performance in 2021 will be influenced by the world economy, which is still uncertain. The US is expected to continue to apply measures to restrain China’s economy, trade and technology, and may team up with some partner countries to implement measures. … [Read more...] about Researchers warn of risks for Vietnam in 2021

Observers say this board meeting, which last until next Tuesday, is one of the most important in the U.N. health agency’s more than 70-year history and could shape its role in global health long after the pandemic ends. … [Read more...] about Vaccine nationalism puts world on brink of ‘catastrophic moral failure’: WHO chief

In addition, NTUC LHUB's Director Institute Of Business Excellence And Healthcare Academy, Jenaline Low adds, "For those who are looking to jumpstart the upskilling of their workforce, it is key to invest in learning and development capabilities to assess and align the workforce skills requirement to the organisation's strategic business goals. Using a Design Thinking approach to identify skills gaps will help decision-makers succinctly identify areas for skills upgrading and discover employees' strengths to optimise their full potential. To add, we urge companies to leverage training support and subsidies available to them such as the Enhanced Training Support Package and Enhanced Absentee Payroll, which are helpful to defray the training investment cost with course fee and absentee payroll subsidies." … [Read more...] about Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey

As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about Draft amendments to e-commerce activities law discussed