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The set of indicators will fully reflect every aspect of the digital economy, including digital infrastructure, the popularity of digital means, online services, and human resources. This will be important data for policymakers to release decisions. In June 2020, the Prime Minister approved the national digital transformation program to 2025 and with the vision until 2030, under which Vietnam strives to join the top 50 countries in e-Government. To reach the goal, the Prime Minister assigned the Ministry of Planning and Investment (MPI) to join forces with certain ministries and branches to compile a system of statistical criteria on digital economy; and build new methods in collecting data to measure the impact of digital transformation on socio-economic spheres and on people. The indicators will be made public periodically. According to the General Statistics Office (GSO), the digital economy comprises all economic activities based on digital platforms, using digital … [Read more...] about Indicators to measure Vietnam’s digital economy needed

Vu Thu Hang, head of sales with TNI Holdings Vietnam, enumerated several problems with land clearance at a recent webinar on "Identifying new trends in Industrial Park development." She said infrastructure investors were forced to pay site clearance compensation in stages and the process was prolonged even further because of legal and procedural hassles. This, in turn, interferes with enterprises' planning process and reduces project duration for investors, she added. "Businesses have lost many opportunities, especially when there were many orders that could not be met because site clearance did not happen in time," Hang said. A wave of factory relocations from China has heated up Vietnam's industrial real estate market generating high demand and increasing rentals. While investors are willing pay a premium to sign leases, complete licensing procedures and begin operations, land clearance continued to be a bottleneck for industrial real estate investment enterprises, Hang … [Read more...] about Land clearance a chronic bottleneck in Vietnam

Workers check bags of instant coffee at Trung Nguyên Co's factory in Bắc Giang Province. Building a stronger private sector is key to Việt Nam's economic transformation. — VNA/VNS Photo Danh Lam HÀ NỘI — As Việt Nam moves toward recovery, the development of a productive and diversified private sector will become more imperative given scarce public resources, international experts have recommended. Việt Nam has demonstrated leadership and swift action in containing the virus since it broke out in early 2020 which made it one of the few countries in the world to register positive growth last year. However, the latest wave of COVID-19 infections since July this year has dealt a severe blow to business and employment, mirroring the downward pressure on Việt Nam’s recovery path. To resume its ambition of realising a high-income growth trajectory by 2045, Việt Nam needs to strengthen private sector development to help the country recover from the … [Read more...] about Productive and diversified private sector key to Việt Nam’s economic transformation

Workers check bags of instant coffee at Trung Nguyen Co's factory in Bac Giang Province. Building a stronger private sector is key to Viet Nam's economic transformation. — VNA/VNS Photo Danh Lam As Viet Nam moves toward recovery, the development of a productive and diversified private sector will become more imperative given scarce public resources, international experts have recommended. Viet Nam has demonstrated leadership and swift action in containing the virus since it broke out in early 2020 which made it one of the few countries in the world to register positive growth last year. However, the latest wave of COVID-19 infections since July this year has dealt a severe blow to business and employment, mirroring the downward pressure on Viet Nam’s recovery path. To resume its ambition of realising a high-income growth trajectory by 2045, Viet Nam needs to strengthen private sector development to help the country recover from the pandemic and unlock its potential, according … [Read more...] about Productive and diversified private sector key to Viet Nam’s economic transformation

HCM City to implement third relief package worth 7.3 trillion VND Ho Chi Minh City will carry out the third relief package worth 7.3 trillion VND (around 320.7 million USD) sourced from the local budget to help more households and informal workers affected by the COVID-19 pandemic, said Vo Van Hoan, Vice Chairman of the municipal People’s Committee. Speaking at a press conference held by the city’s Steering Committee for COVID-19 Prevention and Control on September 20, Hoan said given complicated developments of the COVID-19 pandemic in the city and prolonged social distancing, people face more difficulties due to job loss and having no income. Therefore, in addition to the social security relief packages of the city's Vietnam Fatherland Front Committee and other organisations and individuals, the municipal People's Committee continues to implement the third relief package to help ease difficulties for local residents. According to reports from the People's Committees of … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 21