This decision, made by the Party’s Politburo, is said to be justifiable. According to the Ministry of Finance’s estimate of budget spending in the first quarter of this year, current spending accounted for 72% of the total State budget, spending for development investment 18% and that for debt servicing 10%. Although payment for debt principle, about 17%, is left out of the budget balance sheet, it should be taken into consideration, too. … [Read more...] about Higher labor productivity: pay rise
Interrupts rising and falling edge
Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
“Our newest UPS strikes the right balance for edge and cloud customers who need innovative solutions that are easy to deploy in this hybrid ecosystem. With its compact, modular design, the Galaxy VS can deploy faster and in a smaller space than traditional UPSs, saving users time and money.” … [Read more...] about Schneider Electric extends award-winning Galaxy UPS series
Hanoi (VNA) - The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period. Pre-tax profit stood at over 4.5 trillion VND, exceeding the target by 34 percent. It also contributed close to 2 trillion VND to the State budget, 62 percent higher than expected. According to PV Gas General Director Duong Manh Son, its operations were impacted by the COVID-19 pandemic triggering a fall in oil prices. PV Gas has made every effort to sustain its business, reduce inventory, and clear several construction hurdles, he said. As such, the company produced and distributed nearly 3.8 billion cubic metres of gas in the first five months of this year, meeting its target. Production and distribution of LPG and condensate stood at 720,000 and 26,000 tonnes, respectively, 41 and 10 percent higher than targeted./. … [Read more...] about PV Gas’s Jan-May revenue surpasses goal despite pandemic
For those who are in the priority list by the Ministry of Foreign Affairs should receive privilege in entry procedures and the criteria for selection must be transparent, the Government Office noted, citing orientations of the PM. … [Read more...] about Vietnam plans to repatriate 14,000 more citizens