Human resources

An apparel factory of the Formostar Garment Vietnam Co., Ltd in Hai Duong province (Photo: VNA) Hanoi (VNA) – Vietnam’s labour productivity is very low compared with growth need, thus raising productivity is the key to economic growth, experts said at a conference on April 13. According to Ngo Van Tuan, deputy director of the Party Central Committee’s Economic Commission, the country’s productivity increased by an average 4.7 percent a year during 2011-2017, while the GDP growth was about 6.21 percent and real wage rose by an average 12.59 percent. “This means production costs in Vietnam is becoming more expensive, which directly affects the country’s competitiveness,” Tuan told the CEO forum 2018 held by the Vietnam Economic Times. The General Statistics Office (GSO) reported that local productivity has been increasing throughout recent year, but remains lower than regional levels. By purchasing power parity in 2012, Vietnam’s productivity in 2016 reached 9,894 … [Read more...] about Labour productivity enhancement – key to economic growth

The event gathered heads of N.A. agencies, ministries, and ministry-level agencies; representatives of some international organisations in Vietnam such as the U.N. Development Program (UNDP), the World Bank, the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the International Labour Organization (ILO); along with economic experts and enterprises. N.A. Vice Chairman Hai said opinions raised at the consultation are a precious source of information for the law-making body to make decisions on important socio-economic issues. The forum is also a place for experts, scientists, and officials to express their in-depth, independent, and constructive viewpoints to boost quality and sustainable socio-economic development. He stressed that Vietnam has taken a number of measures to curb the COVID-19 pandemic, but the prolonged social distancing in many localities, including provinces and cities in key economic regions, industrial parks, and export processing zones, … [Read more...] about N.A., Gov’t officials consult with experts on socio-economic affairs

YouTubers can make money if they have one million or more followers. Can theatres and art troupes do this? Minister of Culture, Sports and Tourism Nguyen Van Hung This was the question raised by Minister of Culture, Sports and Tourism Nguyen Van Hung at a forum on "The impact of the Covid-19 pandemic and the drastic actions by the culture, sports and tourism sector". Le Minh Tuan, Deputy Head of the Department of Performing Arts, said the pandemic has become so serious that it has gone beyond a traditional crisis. It has posed challenges to the performing arts. However, the agency has changed the way of thinking and approach in performing art works. It has encouraged art troupes across the country to arrange and perform art programs with attractive content, eye-catching design and reasonable duration on technological platforms, such as YouTube and other social networks to attract a large audience. The head of the Ministry of Culture, Sports and Tourism (MCST) recognized … [Read more...] about Can Vietnamese theatres make money online?

Chairman Vuong Dinh Hue (centre) chairs the meeting with experts in Hanoi on September 27. (Photo: VNA) Hanoi (VNA) – A consultation with experts on socio-economic affairs took place in Hanoi on September 27 under the chair of National Assembly (NA) Chairman Vuong Dinh Hue and Vice Chairman Nguyen Duc Hai. The event gathered heads of NA agencies, ministries, and ministry-level agencies; representatives of some international organisations in Vietnam such as the UN Development Programme (UNDP), the World Bank, the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the International Labour Organisation (ILO); along with economic experts and enterprises. NA Vice Chairman Hai said opinions raised at the consultation are a precious source of information for the law-making body to make decisions on important socio-economic issues. The forum is also a place for experts, scientists, and officials to express their in-depth, independent, and constructive … [Read more...] about NA, Gov’t officials consult with experts on socio-economic affairs