Private sector intelligence companies

Hanoi (VNS/VNA) - Private higher education plays an important role in promoting human resource quality, however, policies to develop private universities still face obstacles. Educational experts think that the key goal is to address obstacles in the relations between the State and private sector to reduce pressure on public universities. Vietnam’s education strategy in the 2009-2020 period aims to expand private higher education institutions so that 40 percent of students select private universities. However, this target seems out of reach as in recent years, the number of students enrolling in private universities has kept declining. It is estimated that currently only 15 percent of students nationwide register for private higher education. A lot of majors at private universities no longer exist because they did not enroll enough students. Vietnam’s experiences run counter to an emerging trend in developing countries in which public education investment drops and … [Read more...] about Private higher education institutions face hurdles

Nguyen Duc Hung Linh, Chief Economist and Research and Development Manager of the SSI Securities Corporation, said “Vietnam’s long-term growth still depends on making full use of its 100-million-people market, which still has great potential and gives us room to grow before expanding to foreign markets. The 100-million-people market is good not only for retail consumer goods, but also for arts, entertainment, and education. The market demand of these sectors is huge, but the service and quality of domestic businesses is still modest.” … [Read more...] about Vietnam’s economic growth in 2020 driven by traditional sectors

Hanoi (VNA) – The coronavirus (COVID-19) epidemic could cause losses of 5.9-7.7 billion USD for the domestic tourism sector in the next three months, according to the Vietnam National Administration of Tourism (VNAT). The tourism sector estimated a 90 percent decrease in the number of Chinese visitors due to the disease, and a 50-70 percent drop in holidaymakers from other countries. Meanwhile, the number of domestic holidaymakers is likely to suffer a fall of 50-70 percent. China, where the outbreak began late last year, has advised its citizens to stay at home. Vietnam has also stemmed the flow of tourists from coronavirus-stricken areas and suspended festivals. International vacationers have stayed away from Asia while many Vietnamese tourists have decided to stay at home. The VNAT said losses caused by COVID-19 could be huge in both the short and long terms. To cope with this, the agency has outlined a plan to help the industry recover, focusing on nearby markets … [Read more...] about Vietnam’s tourism sector counts cost of coronavirus

About the effects of the measures taken by the Vietnamese government to restrict the spread of the virus in Vietnam, 44 per cent of German companies thought they are timely and represent their interests. 36 per cent of them confirmed that those measures supported them to some extent. … [Read more...] about 76 per cent of German companies concerned about conoravirus impacts

More than half of manufacturing companies said they were experiencing difficulty sourcing supplies/materials due to disruptions caused by the Covid-19 crisis, while one-third said current supply chain disruptions were seriously impacting their company’s global operations. … [Read more...] about US businesses in Vietnam expect less revenue courtesy of coronavirus epidemic