Ciem

“As many businesses have not been able to access the first support package, ministries and agencies need to reconsider the reason; whether the policy is really effective or not; if it need to be adjusted and supplemented. The most important thing is that the new policies must be more open, practical and meaningful,” Doanh told nguoiduatin.vn. … [Read more...] about MoLISA proposes second support package due to COVID-19

Hanoi (VNS/VNA) – The Ministry of Labour, War Valids and Social Affairs (MoLISA) has proposed a 18.6 trillion VND (798 million USD) package for those affected by the COVID-19 pandemic, helping them promote production and maintain employment. The proposal has been sent to the Ministry of Planning and Investment. The beneficiaries are small and medium enterprises, cooperatives, business households in which small and micro enterprises (under ten employees) are given priority, and workers in rural areas. Production and business units can borrow up to 2 billion VND, while employees are entitled to 100 million VND. The interest rate support period is 12 months, applied from September 1, 2020 to September 1, 2021. The loan interest rate is 3.96 percent per year (equal to 50 percent of the interest rate for the near poor). Estimated cost is about 15 trillion VND. The ministry also recommended a policy supporting unemployed workers living in difficult circumstances. Beneficiaries of … [Read more...] about Ministry proposes 2nd support package for people affected by COVID-19

General Director of G7 Taxi Management Joint Stock Company Nguyen Anh Quan said his company has more than 1,000 drivers who have completed procedures for financial support in accordance with the Prime Minister’s Decision No 15 on supporting those affected by the COVID-19 pandemic, however no cases have been resolved yet. … [Read more...] about Labor Ministry proposes second support package for people affected by COVID-19 pandemic

Based on a national strategy targeting the world's number one position in the field of high technology, Vietnam has been making moves to develop and apply new services using IT in many fields such as medicine, education, agriculture and tourism. The head of MIC, which is promoting the IT development strategy, is the former General Director of Vietnam's largest telecommunications company - Viettel. This shows that the government focuses on a national strategy on IT development. … [Read more...] about Vietnam’s position in the eyes of a Japanese scholar

One important factor is incentives and motivations to strengthen connection among stakeholders. These linkages must attract effective participation of research and development (R&D) organisations, education and industry associations. This requires certain economic development policies and industry development policies for the supporting industry, technology-education and business development, as well as the cooperation between the public and private sector, research institutes and universities. … [Read more...] about Industrial clusters – a key for effective FDI strategy