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Seafood processing for export to the US market. (Photo: SGGP) If this recovery pace continues, the economic status of the city for the last 6 months this year is truly promising, turning completely back to the time before the Covid-19 outbreak. This means the estimated growth rate of 6-7 percent for 2022 compared to 2019 and 2020 can be fulfilled. Experts in the field, however, have always raised the question whether it is possible to reach a higher goal when may supporting policies are in effect. Statistics from the aspects of public investment, public resource mobilization, construction, and real estates reveal a decrease of 10 percent compared to this time previous years, meaning certain ineffectiveness in addressing existing economic issues. In addition, the administrative reform has been initiated but the results are not as expected when HCMC is only in the average group. This has asked for a long-term campaign to create good habits in public services. In the next 6 … [Read more...] about HCMC enjoying great achievements in economic recovery

Vice President Võ Thị Ánh Xuân speaks at the opening ceremony of the 2022 Global Summit of Women in Bangkok, Thailand on Thursday. — VNA/VNS Photos Ngọc Quang BANGKOK — Vice President Võ Thị Ánh Xuân on Thursday proposed four measures to help women make use of their potential and play their part in the economic recovery process post-COVID-19. Xuân was speaking at the opening ceremony of the 2022 Global Summit of Women in Bangkok, Thailand. The event gathered 600 representatives from 52 countries and territories, including Prime Minister of Thailand Prayut Chan-o-cha and other high-level government and business leaders. With the theme "Women creating opportunities in the new reality", the three-day conference focuses on empowering and promoting women in the socio-economic recovery process after the COVID-19 pandemic. Speaking at the ceremony, the Vietnamese Vice President said women were among the most affected by the pandemic despite their important position and role in the … [Read more...] about Empowering women essential in post-COVID world: Vice President

"Every meeting, my boss asks me which position has been filled," Vu Yen Phuong, Human Resources & General Affairs (HR&GA) leader of IT company Infoplus told VnExpress . Normally, January-June period is the peak season for IT sector recruitment and job hopping is rife, Phuong said, adding that this year had bucked the trend. "The number of applicants was down by 50-60 percent for all positions. "Many candidates called for interviews, said they "no longer intended to change their jobs," Phuong said. Nguyen Khanh Linh, deputy HR manager of FPT Telecom, said the number of new applicants fell by 30 percent from last year despite efforts to expand recruitment channels. FPT Telecom, a subsidiary of IT giant FPT Corp, recruits up to a thousand new employees every year. "The quality of applicants has also declined," Linh said, adding that firms now had to compete hard for candidates with the needed knowledge, skills and attitude. Tran Thi Tuyet Trinh, HR manager of Aeon … [Read more...] about Blue or white, no respite: labor shortage dogs firms

Vietnam is a centerpiece of South Korea’s New Southern Policy (NSP). Vietnam and South Korea consider upgrading the relations to Comprehensive Strategic Partnership after three decades of diplomatic ties which have gained fruitful multisectoral achievements. Vietnamese Deputy Prime Minister Pham Binh Minh speaks at the event held in Seoul on June 23. Photos: VNA Vietnamese Deputy Prime Minister Pham Binh Minh gave remarks on the occasion of the 30 th founding anniversary of Vietnam-South Korea diplomatic relations (1992-2022). The two countries have become leading partner with each other, mostly in trade and investment, with South Korea being the biggest investor in Vietnam with large-scale investment projects, contributing to creating global supply chains in Vietnam, Minh said in a recorded video at the 30th Global Maekyung Forum held in Seoul on June 23. To enhance the ties, Minh suggested focusing on science-technology and innovation; digital and … [Read more...] about Vietnam, South Korea eye Comprehensive Strategic Partnership

Your Excellency Prayut Chan-o-cha, Prime Minister of Thailand, Madam Irene Natividad, President of the Global Summit of Women, Ladies and gentlemen, I am delighted to attend the Global Summit of Women (GSW) 2022 hosted in the beautiful and hospitable Thailand. First, on behalf of the Vietnamese delegation, I would like to extend my wishes of peace, prosperity and development to Excellency Prime Minister of Thailand, Madam President of the GSW, and all delegates. Let me take this opportunity to congratulate Thailand on the efforts and achievements in gender equality and women empowerment. They have been reflected in your regulations and enforcement and oversight mechanisms to protect women’s rights and interests. Such efforts have also been recognized through the U.N. Secretary-General’s appointment of a Thai Princess as a Goodwill Ambassador in Thailand for U.N. Women, in line with the determination and desire to “Say No to Violence against Women”. The percentage of Thai women … [Read more...] about Vietnamese Vice President’s statement at opening of Global Summit of Women

Inside a wood production line of Truong Thanh  Furniture Corporation. (Photo truongthanh.com) Hanoi (VNS/VNA) - As wood export turnover is rebounding with rising demand in the domestic market , the revenues of wood enterprises are expected to advance. However, skyrocketing prices of raw materials and logistics costs will weigh on these companies’ gross profit margin in 2022. VNDIRECT Securities Corporation (VNDIRECT) estimated that the total revenue of listed wood and wood products companies in the first quarter (Q1) of 2022 rose by 10.2% year-on-year thanks to the recovery of wood producers in the south. After the social distancing order was lifted, most wood companies in the southern region resumed operations at 90% capacity in the first quarter of 2022, while in the second half of 2021 it was only 60-65%. The export wood enterprises achieved better business results in Q1 of 2022. Specifically, Truong Thanh Furniture Corporation (HoSE: TTF) and Phu Tai JSC (HoSE: … [Read more...] about Rising costs cast doubt on wood companies growth prospects