How aging population affect economy

According to Intel Products Vietnam General Manager Kim Huat Ooi, Intel has invested more than US$1 billion in Vietnam and generated over 5,000 jobs for local workers. Intel’s chip manufacturing facility in Vietnam supplies global markets and the group will continue expanding operations in the Vietnamese market. In fact, Intel chose to invest in Vietnam rather than in China, India and Thailand, due to the stability of its market, preferential policies and adequate infrastructure. … [Read more...] about Vietnam optimistic about growth in first half of 2021

The office of the People's Committee of HCMC announced that Mr. Nguyen Thanh Phong, Chairman of the municipal People's Committee, approved the policy of reducing 50 percent of stall rentals at city-based traditional markets during the period from July to December 2020 as proposed by the Department of Industry and Trade. This department is assigned to take responsibility and coordinate with the Department of Finance to guide the People's Committees of districts to implement the policy. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

The government defined 11 key missions and measures, including effective implementation of tasks to serve the organisation of the Party Congress, election of deputies to the National Assembly (NA) and all-level people’s councils, and preparation, issuance, and implementation of action programmes to carry out the resolutions. The government will also continue implementation of tasks in a flexible and effective manner – to simultaneously fight the pandemic and boost economic growth; while completing institutions for the socialist-oriented market economy, thus facilitating economic recovery and development based on stabilising the macro-economy and curbing inflation rate, as well as improving the economy’s resilience. … [Read more...] about New economic priorities for a new year

“It would be great if each district has a spot to for street vendors to settle their businesses. But it is worth mentioning that these should be areas with dense population, parking spaces and convenient electricity and water systems,”  Bùi Đức Lợi, a street vendor on Nguyễn Văn Chiêm Street, said.  … [Read more...] about Food streets improve vendors’ incomes, tidy up neighbourhoods

Addressing the handover ceremony, Naomi Kitahara, UNFPA representative in Vietnam, said, “Covid-19 is giving us excruciating challenges by amplifying the vulnerabilities of old people. It is clear that the fatality rate for older people is higher and for those above the age of 80, it is five times higher than the global average. Therefore, older people must be a priority while dealing with Covid-19 to ensure no one is left behind in the humanitarian response as well as in development efforts.” … [Read more...] about UNFPA provides aid to support older Vietnamese people in Covid-19 context