First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19
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Edge computing is an important key to enterprises’ IT infrastructure strategies and the digital economy. A recent survey by TRA found that 51 percent of IT experts in Asia Pacific have begun applying hybrid IT solutions, combining edge computing, public cloud computing and on-premises infrastructure. Edge computing was chosen by more than 1,100 CTOs as the priority task for the next 12 months. The deployment of edge computing has been going strongly in neighboring markets, according to the report. 79 percent of surveyed institutions in Indonesia have applied edge computing, or have understanding about edge computing. Many of them have been applying edge solutions for advanced projects as well. Meanwhile, Thai businesses plan to step up the use of edge computing in the next 24 months for customers’ experience-oriented projects. TRA’s report confirmed the superiority of the positive effects of these solutions. As much as 72 percent surveyed subjects recognized the benfits of … [Read more...] about How can businesses use edge computing effectively?
The Vietnam 2035 Report, issued by the Government of Vietnam and the World Bank (WB), points out that if Vietnam doesn’t carry out reform, the average income per capita will be no more than $4,500 per annum by 2035. Under the 13th Party Congress Resolution, Vietnam is expected to be a developing country with technology towards modernization by 2025, surpassing middle income status. It will be a developing country with a modern industry and higher average income by 2030. And by 2045, when Vietnam celebrates the 100th anniversary of its establishment, it will be a developed country with high income. Le Anh Vinh, Vice Director General of the Vietnam National Institute of Educational Sciences (VNIES), the goals are based on human resources and stable economic growth. To become a high income country by 2045, Vietnam needs to maintain a high GDP growth rate of 7-7.5 percent per annum as calculated by Ministry of Planning and Investment, higher than the average 6.7 percent in … [Read more...] about Vietnam’s path to prosperity
PVI Insurance becomes partner of Zurich Global Employee Benefits Solutions network Digital solutions expected at Viet Solutions 2021 for dual target The story of plastic: Solutions and efforts of Unilever Vietnam towards sustainable development Innovative prophylaxis treatment for haemophilia A patients in Việt Nam Standard Chartered Vietnam towards sustainability HCM CITY One of the 10 countries with the fastest ageing population in the world, Vietnam has an estimated 30 years within the “golden population structure” period, considerably shorter than many neighboring countries. The rapid ageing rate and low ratio of independent seniority is expected to entail pressures and burdens on social security. The risk of "growing old before becoming rich" Vietnam is amidst the golden population structure period, the most balanced development stage of each country when the proportion of labor force is double the number of dependents. 75 per cent of the … [Read more...] about Golden population structure and financial pressure in an ageing society
Photo Le Toan Having been living in Vietnam for more than 20 years, Hong Sun, vice chairman of the Korea Chamber of Business in Vietnam (KorCham), can speak and read both Vietnamese and English fluently. Sun habitually reads newspapers every day. “The media can provide me exact information about the Vietnamese market, and where my projects are going well,” Sun told VIR. He is CEO and president at HSDC Co. Ltd., the investor of many industrial zones, smart logistics parks, and innovation and research and development parks in Vietnam. KorCham has often asked the media to help convey the voice of its over 9,300 South Korean member enterprises to the government and ministries. “Many proposals have been solved thanks to the help of journalists. The media has played an extremely important role in the Vietnamese business and investment climate. Enterprises can receive information, directions, and policies, as well as laws from the Party, the National Assembly, and the government. … [Read more...] about Helping others make informed decisions
Human resources experts and business leaders take part in a virtual event co-organised by ManpowerGroup Vietnam and American Chamber of Commerce (AmCham) on Wednesday. Photo courtesy of ManpowerGroup Vietnam HCM CITY — Amid the COVID-19 crisis, employers want to keep their staff safe while coping with challenges to maintain normal and effective operations, said human resources experts and business leaders at a recent meeting. To meet both business and individual concerns, most businesses and organisations have gradually shifted towards agile working environments, experts said at a recent virtual event co-organised by the global workforce solutions company ManpowerGroup and the American Chamber of Commerce (AmCham). "Agile working refers to individual and organisational practices that leverage technology and flexibility to enable employees and their organisations to better collaborate across departments, locations and working environments," said Nguyễn Thanh Hương, country … [Read more...] about Employees adapt to more ‘agile workplaces’ amid pandemic