However, it should be noted that calculations of enterprise data show that the elasticity coefficient of labor of the private business sector during 2011-2018 was about 0.73 and the elasticity coefficient of capital was 0.27, meaning that the added value of this economic sector increased mainly due to the capital increase rate which during 2011-2018 averaged 13% a year and 27.2% in 2018 over 2017 in current prices. The private business sector is no exception as other sectors in Vietnam are also capital-intensive. … [Read more...] about Higher labor productivity: pay rise
Paying yourself dividends
It would be acceptable for Hanoi-Amsterdam to be a private school, where wealthy parents pay high fees for high-quality education services, or to be a normal state-owned school, which receives funding from the state like all other state-owned schools and provides outstanding education services, he believes. The problem is that schools for the gifted receive 2.5-2.7 times more money from the state than other state-owned schools. … [Read more...] about Is it time to remove schools for the gifted in Vietnam?
According to Mr. Vu, HCMC and the Mekong Delta has implemented the cooperation agreement on tourism development for six months. Under the heavy impact of the Covid-19 pandemic, the two sides have striven to obtain initial results. For the last two months, over 50,000 tourists have registered tours provided by five big travel firms in HCMC to travel the Mekong Delta. … [Read more...] about HCMC, Mekong Delta promote domestic tourism for post Covid-19 recovery