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USAID supports flood-affected people in Quang Ngai province. - Illustrative image (Photo: VNA) Hanoi (VNA) – As many as 456 households in Nghia Hanh district of the central province of Quang Ngai will benefit from financial support funded by the US Agency for International Development (USAID) for repairing and reinforcing their houses damaged by typhoons and floods last year. Under a decision issued on March 4 by the provincial People’s Committee, 11.6 billion VND (503,745 USD) will be distributed directly to the households in the two phases. The funding is part of the 12.3-billion-VND aid package pledged by USAID to support flood-affected people in the district. The remaining amount will be used to overcome consequences of natural disasters and repair and consolidates houses for local residents./. VNA … [Read more...] about USAID supports flood-affected people in Quang Ngai province

The Hanoitimes - The central bank is willing to support liquidity for credit institutions, if needed, as they start providing financial support for the economy. Representatives of banks in Vietnam said they are committed to supporting enterprises and customers hurt by the new coronavirus (nCoV) outbreak, by lowering interest rates and restructuring debt maturities, among other measures, the governmental portal reported. Overview of the meeting. Source: VGP. The move was in response to a proposal by the State Bank of Vietnam (SBV), the country’s central bank, in a meeting on February 6 discussing measures to support the economy hit by the epidemic. Vice Governor of the SBV Dao Minh Tu said the bank is willing to support liquidity for commercial banks if needed, while lenders should be proactive in offering respective supporting programs to enterprises and individuals, particularly those operating in the fields of tourism, agriculture and trade. Pham Toan … [Read more...] about Vietnam banks pledge to support business sectors hit by nCoV

The Hanoitimes - With a projected contraction of the nation’s labor force by 5% by 2040 due to an aging population, the challenge for manufacturers will be to attract and retain quality workers. Providing childcare for employees has a positive impact on Vietnamese businesses, improving recruitment, retention, and worker productivity, according to a report released today by IFC, a member of the World Bank Group. The export-oriented manufacturing sector has been a key driver of economic growth and job creation in Vietnam, particularly for women who make up over 80% of the sector’s labor force. The business benefits of employer-supported care in Vietnam. Source: IFC. While the global Covid-19 pandemic has impacted demand, the manufacturing industry is well-positioned for the recovery and further growth. With a projected contraction of the nation’s labor force by 5% by 2040 due to an aging population, the challenge for manufacturers will be to attract and retain … [Read more...] about IFC promotes employer-supported childcare in Vietnam to boost workforce efficiency

As Vietnam is among the most threatened countries by climate change, the state and people take decisive action, photo Le Toan The government has promulgated Resolution No.06/NQ-CP on the Action Programme on continuing the implementation of Resolution No.24-NQ/TW by the 11th Party Central Committee on active response to climate change, improvement of natural resource management, and environmental protection. The action programme, to be implemented until 2025, lays a foundation for ministries, agencies, and localities to formulate and implement their own plans on responding to climate change while strengthening natural resource management and environmental protection. Under the programme, efforts are to be made to reduce greenhouse gas emissions by 7.3 per cent below the business-as-usual scenario by 2025, and achieve 5-7 per cent in energy conservation out of gross energy consumption. To this end, some key solutions are to be taken. Specifically, the government orders … [Read more...] about Government shows urgency in climate change battle

A poster of #SheForVietnam, a facebook's programme for Vietnamese women.  — Photo Facebook HÀ NỘI — Facebook will launch #SheForVietnam - a programme for Vietnamese women who are creating miracles every day on social networks on March 6 in efforts to affirm its commitment to supporting Vietnamese women in the digital era. #SheForVietnam is designed to connect and inspire women's communities, encourage and empower them to dream big and live life to the fullest. The programme’s first pillar - #SheInspires is an online roundtable to honour and inspire women that stand up to help others and spread positive energy. There will be some popular faces in the event, those represent millions of other Vietnamese women creating magic every day thanks to the power of social networks: singer Thủy Tiên, Miss Universe Vietnam H'Hen Niê, actress Sam, social activist Chung Vũ Thanh Uyên - Mina Chung, CEO of Ru9 Company Limited Đặng Thùy Trang, Founder - CEO of the Women's Initiative for Startups … [Read more...] about Facebook launches #SheForVietnam programme to empower Vietnamese women