According to Mr. Vu, HCMC and the Mekong Delta has implemented the cooperation agreement on tourism development for six months. Under the heavy impact of the Covid-19 pandemic, the two sides have striven to obtain initial results. For the last two months, over 50,000 tourists have registered tours provided by five big travel firms in HCMC to travel the Mekong Delta. … [Read more...] about HCMC, Mekong Delta promote domestic tourism for post Covid-19 recovery
Post marathon recovery schedule
The workshop is part of VPI’s ongoing long-term research programme seeking solutions for improving oil recovery in Vietnam’s mature fields, which are hoped to curb reductions in output and enhance exploitation efficiency, VPI expert Nguyen Huu Trung said. … [Read more...] about Hanoi to host international workshop on oil recovery technology
Hanoi (VNA) – The Vietnam Oil and Gas Group (PetroVietnam) has reported oil equivalent output of 8.99 million tonnes in the first five months of 2020, 4.4 percent higher than its target. In May, crude oil output reached 0.96 million tonnes, 2.1 percent higher than the monthly plan while gas production fulfilled the monthly goal at 0.84 billion cu.m. The firm generated 2.05 billion kWh of electricity and produced 149,800 tonnes of nitrogenous fertiliser, surpassing the monthly targets by 4.7 percent and 4.2 percent, respectively. Its production of oil and petroleum exceeded 1.01 million tonnes during the month, only equivalent to 91.5 percent of the monthly goal, largely because the Nghi Son Oil Refinery were cutting capacity for maintenance and the PetroVietnam Oil Corporation (PV Oil) reduced production of petroleum as demand dropped. The company has made drastic efforts to cut nearly 8.7 trillion VND in costs during the first five months of the year to deal with declining … [Read more...] about PetroVietnam’s oil equivalent output totals 8.99 million tonnes in five months
* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
However, it should be noted that calculations of enterprise data show that the elasticity coefficient of labor of the private business sector during 2011-2018 was about 0.73 and the elasticity coefficient of capital was 0.27, meaning that the added value of this economic sector increased mainly due to the capital increase rate which during 2011-2018 averaged 13% a year and 27.2% in 2018 over 2017 in current prices. The private business sector is no exception as other sectors in Vietnam are also capital-intensive. … [Read more...] about Higher labor productivity: pay rise