Vietnam must have really strong local enterprises to have a self-reliant economy. This poses an urgent need, that is the attraction and use of FDI in the next phase must bring about qualitative efficiency, meaning that the value of the production chain in Vietnam must belong to Vietnamese enterprises. Meanwhile, the private sector currently has a dominant presence in the economy, with some 800,000 enterprises operational as of October 2020, but over 95% of them are micro, small and medium busiensses. Therefore, the concentration of all resources available (capital, including land, high-quality manpower, incentives and so on) to develop the private sector economy is an urgent need for FDI attraction in the next phase. If private enterprises remain micro, small and medium, lack capital and technology, and still face administrative troubles, Vietnam will not have sufficient enterprises big and strong enough to be able to ally and partner with foreign enterprises so as to master each area … [Read more...] about Private sector development to enhance FDI efficiency
Chased short film
An overseas Vietnamese: Covid-19 infected, in lockdown and the desire to fly back home
This time, both UK residents and overseas Vietnamese were somewhat indifferent, we began to be familiar with the pandemic and didn’t care about it much. Schools were not shut down. The students isolate themselves at home if they are found being infected. Once an infection was confirmed among the students, the whole grade would remain isolated at home while students of other grades keep going to school as usual. … [Read more...] about An overseas Vietnamese: Covid-19 infected, in lockdown and the desire to fly back home
In wheelchair, paraplegic Lai Chi-wai climbs up skyscraper in Hong Kong
“But, I want to tell everyone, it doesn’t have to be like that. If a disabled person can shine, they can at the same time bring about opportunity, hope, bring about light, they don’t have to be viewed as weak.” … [Read more...] about In wheelchair, paraplegic Lai Chi-wai climbs up skyscraper in Hong Kong
Nearly 160 endangered langurs discovered in north-central Vietnamese province
Francois' langurs are sighted in Thach Hoa Commune, Tuyen Hoa District, Quang Binh Province, Vietnam. Photo: L.G. / Tuoi Tre Francois' langurs are classified as critically endangered in the Red Book of Vietnam and in urgent need of conservation and protection. … [Read more...] about Nearly 160 endangered langurs discovered in north-central Vietnamese province
Difficulties still ahead for coffee sector: insiders
HCM City (VNA) – The export of coffee declined in both volume and value last year due to certain difficulties that are forecast to linger on for the time to come, insiders have said. Nguyen Viet Hai, Vice Chairman of the Vietnam Coffee - Cocoa Association (Vicofa), told a meeting in Ho Chi Minh City on January 15 that in the 2019 - 2020 crop, 1.61 million tonnes of the bean was shipped abroad at the average price of 1,740 USD per tonne, bringing home 2.8 billion USD. The figures respectively fell 5 percent, 0.4 percent, and 5.3 percent from the previous crop. The export volume of processed coffee (roasted and ground coffee, instant coffee) dropped by over 17 percent to 110,000 tonnes, resulting a fall of 8.7 percent in value to more than 443 million USD, he pointed out. Hai noted coffee prices remain unstable, leading to a plunge in the purchase of the produce from farmers in the 2020 - 2021 crop. Fresh coffee is currently priced at 6.7 million - 6.9 million VND (about 289 - … [Read more...] about Difficulties still ahead for coffee sector: insiders