Brain drain hampers greek economic recovery

Output plunged sharply during the fourth wave of COVID-19, but will rebound in the first quarter of 2022. — Photo courtesy of vneconomy.vn The hard times are not over yet, warned Le Anh Tuan, Deputy Director of Investment of Dragon Capital, even though the economy is forecast to rebound in 2022. He made the comments at the “New opportunities – New actions” seminar held by the Ha Noi Young Entrepreneurs Association last week. Tuan said the worst was over and the economy would soon recover thanks to two driving forces, namely public investment and low-interest rates. However, some hardships will persist. According to Tuan, the economic recovery will likely be uneven across industries. Those less affected by COVID-19 and more capital-intensive will be back on track sooner than those hard-hit by the pandemic, like the more labour-intensive textile or footwear industries. Vaccination rates are high in pandemic hotspots and are expected to be on par with developed countries like … [Read more...] about Businesses fear hard times aren’t over yet

At the event (Photo: baothanhhoa.vn) Jakarta (VNA) – A conference on promoting trade connectivity between the north central coastal province of Thanh Hoa and Indonesia was held in both face-to-face and virtual forms on November 26. The Vietnamese Embassy and Trade Office in Indonesia in collaboration with the provincial People’s Committee and the Indonesia n Embassy in Vietnam jointly organised the event. It aimed to create conditions for enterprises from the two sides to seize and expand trade opportunities and promote the consumption of their products, therefore recovering and stabilising their production and business operations. Speaking at the conference, Nguyen Ngoc Vinh, Counsellor at the Vietnamese Embassy in Indonesia, said as the two countries are making efforts to control the COVID-19 pandemic, sustainable economic recovery is a top priority, in which the cooperation between the Vietnamese and Indonesian governments and businesses play a very important role. … [Read more...] about Thanh Hoa, Indonesia strengthen trade conectivity

Prime Minister Pham Minh Chinh speaks at the 13th ASEM Summit. (Photo: VNA) Hanoi (VNA) – As a founding member of the Asia-Europe Meeting (ASEM), Vietnam has played an active and proactive part in the ASEM process and proposed many measures and initiatives to strengthen cooperation within the ASEM in all spheres, Deputy Minister of Foreign Affairs Dang Hoang Giang has said. The official made the affirmation in an interview granted to the press after Prime Minister Pham Minh Chinh attended the 13th ASEM Summit and relevant activities via videoconference from November 25-26 at the invitation of his Cambodian counterpart Samdech Techo Hun Sen. According to Giang, PM Chinh put forward four proposals to enhance cooperation among Asian and European countries while addressing the 13th ASEM Summit on November 26. The PM said the countries should stay united and join hands to boost global cooperation since no country can single-handed deal with global issues. The … [Read more...] about Vietnam plays active, proactive role in ASEM cooperation process: Deputy FM

Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, … [Read more...] about VIETNAM BUSINESS NEWS NOVEMBER 23

The Vietnamese delegation participates in the 143rd IPU Assembly in Madrid, Spain. VNA/VNS Photo. HÀ NỘI — A delegation of the Vietnamese National Assembly (NA) is taking part in the 143rd Inter-Parliamentary Union (IPU) Assembly in Spain. The group was led by Vũ Hải Hà, chairman of the Vietnamese NA’s Committee for External Affairs. The opening ceremony took place in Madrid on Friday (local time). The assembly is hosted by the Spanish Parliament in Madrid during November 26-30. In attendance were Spain’s King Felipe VI, President of the Congress of Deputies Meritxell Batet, President of the Senate Ander Gil, and IPU President Duarte Pacheco. Nearly 1,500 delegates from 123 member parliaments, eight associate members, and 20 observers were also at the ceremony. Speaking at the event, King Felipe VI emphasised the importance of the parliament as the central institution of democracy, not only representing the people but also playing a decisive role in fostering political … [Read more...] about Việt Nam participates in the 143rd IPU Assembly