Drivers of ride hailing apps. As sharing economy was a new trend, it was necessary to keep a close watch on its development and its business models. — Photo doanhnghiephoinhap.vn It was critical to raise appropriate solutions to promote the development of a digital economy and social security for individuals participating in the sharing economy, according to the Central Institute of Economic Management (CIEM). Dang Thuy Trang, Head of Public Affairs at Grab, said that digital platforms made it easier for enterprises and individuals to develop online sales and delivery channels. The report by Bain & Company titled “The platform economy: Southeast Asia’s Digital Growth Catalyst” revealed that digital platforms helped 89 per cent of enterprises expand their customer base and 84 per cent have higher sales per customer and 71 per cent report higher profits. More importantly, 65 per cent of enterprises said they were more likely to recover from the COVID-19 pandemic thanks to … [Read more...] about Policies needed to ensure sharing economy development is on-track
Economical and efficient use of energy
Deputy Tang Huu Phong The Chairman made the statement at today’s eighth session of the tenth tenure of the Ho Chi Minh City People's Council continued the second working day. Deputies posed questions about some matters. Deputy Tang Huu Phong raised the question that in mid-October, right after Ho Chi Minh City controlled the epidemic and moved to a stage of flexibly and safely adapting to the Covid-19 epidemic, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen directed at the Conference of the Executive Committee of the Ho Chi Minh City Party Committee for the term of 2020-2025 to focus on mobilizing all social resources to build social housing and public accommodation projects. This is an important program that received great attention from people from every walks of life, workers, employees, officials, teachers and businesspersons. Social housing construction was then repeatedly mentioned in city conferences, meetings and working sessions of city leaders with … [Read more...] about HCMC to focus on developing worker accommodation, social housing programs
BERLIN -- In its first year, Chancellor Olaf Scholz's government has driven the biggest overhaul of German policy since World War Two. The next year could be even tougher, further absorbing Berlin's bandwidth to Europe's detriment. Scholz, formerly the finance minister, came to power pledging continuity with the era of Angela Merkel who oversaw 16 years of prosperity and stability in Europe's largest economy, enabling her to take stewardship of the broader region. Russia's war in Ukraine instead cast a shadow over her legacy and forced him to focus on re-arming Germany, replacing the cheap Russian energy deliveries upon which it relied and accelerating a shift in foreign policy towards more strategy and less mercantilism. The "Zeitenwende" or epochal change of times, as Scholz dubbed it, has proven all the trickier given the heterogeneity of his government -- the first three-way coalition at national level in decades. His centre-left Social Democrats, the Greens and liberal … [Read more...] about Analysis: Germany’s government looks inward as challenges mount, allies fret
Hanoi will continue economic restructuring efforts, promote new growth drivers, and strengthen its self-reliance and resilience to external shocks. Hanoi's regional gross domestic product (GDP) is projected to grow by 7% by 2023, above the country's target of 6.5%. Overview of the session. Photos: Thanh Hai Vice Chairman of the Hanoi People's Committee Ha Minh Hai made this forecast today [December 8] at the 10th session of the municipal People's Council. According to Hai, such a prediction is based on anticipation of the complicated global situation and the country’s GDP forecast at 6.5%. “Out of the three scenarios, the 7% growth target – a 1.08-fold higher than the national average- is deemed suitable to the situation,” Hai said. Faced with growing concern from businesses, especially the lack of access to working capital, Hai said Hanoi would continue to create policies to support economic activities while closely monitoring the global and domestic … [Read more...] about Hanoi eyes GRDP growth of 7% for 2023
Infographic by HSBC Since the advent of US-China trade tensions, Viet Nam has been one of the biggest beneficiaries in terms of both trade and FDI diversion, boosting its export share in the US market in particular. As a result, Viet Nam has become increasingly vulnerable to a US economic slowdown. In its recent 'Vietnam at a glance' report, HSBC said Viet Nam has been hit hard by a global trade slowdown, seeing the first meaningful year-on-year decline in its exports in two years. In particular, the decline has been led by an economic slowdown in the US, Viet Nam’s largest export destination. After over two years of booming trade, the “pay-back” time has come. Global orders have been falling sharply, taking a toll on Asian exporters. Viet Nam is no exception, and it has been on the front line in terms of feeling the pain. In November, the country saw the first meaningful year-on-year decline in its exports in two years, with broad-based weakness. In particular, shipments of … [Read more...] about HSBC: Is an export winter approaching?
Ha said that during the top legislator’s visit to Australia, the two sides discussed various issues in the bilateral strategic partnership, from politics, diplomacy to defense, security, trade, investment, education-training, tourism and people-to-people exchange. Particularly, the Vietnamese N.A. leader underlined that labor cooperation is a priority of Vietnam, stressing that Vietnam is willing to send holiday workers to Australia. Alongside, the two sides also agreed to promote cooperation in issues of global concern such as digital transformation, climate change and just energy transition, said Chairman of the N.A. Committee for External Relations Vu Hai Ha. He said that Vietnam and Australia also shared common interest in peace, security and cooperation in the Indo-Asia-Pacific region, including the ASEAN and the Mekong sub-region. Chairman of the N.A. Committee for External Relations Vu Hai Ha said that regarding parliamentary cooperation, the two sides signed a new … [Read more...] about National Assembly leader’s trip to Australia, New Zealand yield fruits: Official