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Illustrative image (Source: VNA) Can Tho (VNA) – The COVID-19 pandemic has forced up to 7,941 enterprises in the Mekong Delta to suspend their operations or register for dissolution in the first nine months of this year. According to the Can Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI), a total of 6,109 firms were established in the region from January to September, equivalent to only 34 percent of the number recorded in the same period last year. Six out of 13 Mekong Delta localities experienced decreases in the number of newly-established firms, namely Hau Giang, Tien Giang, An Giang, Soc Trang, Ben Tre and Vinh Long. Nguyen Phuong Lam, Director of VCCI Can Tho, said the region’s monthly export turnover stood at around 1 billion USD in August and September, the lowest so far this year. However, thanks to good performance in the previous months, most of the localities saw increases in export value for the nine-month period, with the highest … [Read more...] about COVID-19 claims thousands of businesses in Mekong Delta

Tourists take a stroll on a beach in Phuket, Thailand, on August 14, 2021. (Photo: AFP/VNA) Bangkok (VNA) – Thailand will have to improve in three areas in order to handle key problems in the future, Finance Minister Arkhom Termpittayapaisith has said. digital technology to enhance its operations. public health infrastructure to cater for the rising number of ageing people, as over-60s are expected to rise to 24 percent of the total population in next 10 years, he added. COVID-19 pandemic has severely hit the Thai economy, especially the tourism sector. The country's revenue from foreign tourists accounts for 12 percent of Thailand's gross domestic product before the pandemic broke out. VNA … [Read more...] about Thailand must improve in three areas to handle key problems: Minister

The Government is expected to soon issue an overall economic recovery plan, which serves as the basis for localities to carry out their own push for economic development. Vietnam’s GDP growth in 2021 is estimated at around 3-3.5% in 2021, which would translate into a GDP per capita of US$3,660-3,680. Prime Minister Pham Minh Chinh at the National Assembly. Photo: VGP Prime Minister Pham Minh Chinh revealed the figures during a hearing at the National Assembly today [October 20], referring to four out of 12 socio-economic targets set for this year that are unlikely to be met. These include the GDP growth to stay below the 6% objective and the poverty rate under multi-dimensional standards to be reduced by 0.5-1 percentage point against the target of 1-1.5 percentage points. According to Chinh, the emergence of Covid-19 outbreaks and new variants have caused severe impacts on socio-economic activities. “The economic resilience has weakened, reflected by … [Read more...] about Vietnamese Gov’t lowers GDP growth forecast to 3.5% this year

Delegates to a recent seminar held in Ho Chi Minh City raised concern that Vietnam needs more highly-skilled IT workforce. According to recruitment agency Vietnamworks, the demand for IT workforce is high and will keep rising in the next few years. Job listings have also doubled in the recent three years. It is forecast that Vietnam needs 400,000 IT workers in late 2018, but there are only 250,000 engineers in the field at present. The number of IT jobs surges 47 percent annually but manpower only increases 8 percent. Nguyen Phuong Mai from Navigos Search said it is hard to seek highly-skilled managerial staff in the field. Amid the booming start-up movement, the rate of job-hopping is also high, resulting in the shortage of human resources or staff lacking management experience. In face of that, a number of firms have recruited students right after their probation while several recruitment agencies have trained staff for hire. Lam Quang Vu, deputy head of the … [Read more...] about Vietnam needs more highly-skilled IT workforce