Environment has direct and indirect impact on the working of business firms

At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. The report’s co-author Dorsati Madani said that while Vietnam’s economic recovery had been relatively stable, not all sectors witnessed the same … [Read more...] about Vietnam’s economic growth forecast at 7.5 percent in 2022: World Bank

According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2% in Q4 of 2021, and respectively 5.1% and 7.7% in Q1 and Q2 of 2022. Inflation is projected to average 3.8% over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. The report’s co-author Dorsati Madani said that while Vietnam’s economic recovery had been relatively stable, not all sectors witnessed the same situation. The impact on workers and households during the crisis was serious and lasting, with … [Read more...] about Vietnam’s economic growth forecast at 7.5% in 2022: World Bank

NovaGroup alsways focuses on creating a good working environment for its staff The biggest Vocational Day will be organised by NovaGroup at its NovaWorld Phan Thiet this weekend, with over 500 jobs up for grabs. Candidates will be directly interviewed by company executives, receive advice from experts, connect with parters and each other, study NovaGroup’s ecosystem, and visit NovaWorld Phan Thiet. Over 500 jobs in positions such as supervisors, staff, managers at NovaGroup companies such as Novaland, Nova Service, Nova Industry, and Nova Capital Parterswill be offered They are open to applicants from the entire country expecially from HCM City, Binh Thuan Province and neighbour bouring provinces. NovaGroup’s competitive and preferential policies,training and excellent working environment are factors that keep workers at the company for a long time. Staffs are also offered preferential and interesting services available at NovaGroup’s ecosystem. Notably, the company is … [Read more...] about NovaGroup to hold hiring day in Phan Thiet

Inside a clean clam processing line of Lenger Seafoods Vietnam. The company exports products to markets in the EU, the UK, Japan, the US, and South Korea. — Photo courtesy of Lenger Seafoods Vietnam To provide a more favourable playground for enterprises to strengthen and access international markets, Viet Nam is on a path to boost institutional improvement. And it is believed that the United Kingdom-Vietnam Free Trade Agreement (UKVFTA) is accelerating the process, said experts. As Viet Nam has signed many new free trade agreements (FTAs) with countries or regions that require more stringent standards not only on quality but also on production processes, it is crucial for local enterprises to quickly adapt to new rules. Therefore, the Government has to make changes to relevant policies to support them. The reform is building a favourable business environment, reducing transaction expenses for enterprises, especially small and medium enterprises, and attracting quality … [Read more...] about UKVFTA to accelerate Viet Nam’s institutional reform