Socio economic development in ghana

Workers at Ho Guom Garment Company's factory. — Photo courtesy of Ho Guom Garment The National Centre for Socio-Economic Information and Forecast (NCIF) yesterday launched a workshop assessing the Top 500 Vietnamese largest private enterprises (VPE500). Opening the event, Luong Van Khoi, deputy director of the NCIF under the Ministry of Planning and Investment (MPI), said that domestic private enterprises are playing a more and more crucial role in economic growth. In 2019, Viet Nam had 668,503 enterprises, of which 647,632 were private, representing 96.88 per cent of total companies. Private enterprises contributed VND15.127 trillion (US$64.7 billion) or 57 per cent of total net revenue, and hired 9.075 million employees, accounting for 59.9 per cent of the total employees in the country’s enterprise sector. According to a report conducted by the NCIF and Konrad-Adenauer-Stiftung (KAS), the VPE500 outperforms local private enterprises in terms of size and average business … [Read more...] about Nation’s largest firms the driving force for economic growth

Illustrative image (Source: VNA) Hanoi (VNA) – Over the past 30 years, industrial parks (IP) and economic zones (EZ) across the country have attracted over 100 billion USD of investment, and created jobs for more than 4 million labourers, according to the Ministry of Planning and Investment (MPI). The ministry is drafting a Government resolution on measures to increase IP, EZ efficiency. It said IPs and EZs account for 50% of the country’s total export value. However, the ministry pointed to a number of problems related to the IPs and EZs, including their unsustainable development in different aspects. Living conditions of local communities where the zones are located have not seen remarkable improvements. In the draft resolution, the MPI suggested the building of a Law on IPs and EZs in 2022, and the issuance of a Prime Minister’s decision on the coordination mechanism among ministries, sectors and localities in managing IPs and EZs. The draft also looked to … [Read more...] about Industrial parks, economic zones attract over 100 billion USD over 30 years

On August 1, Nguyen Manh Hung, Minister of Information and Communications, received Ng Boon Heong, CEO of Temasek Foundation, a Singapore-based non-profit organisation, who sought for more business opportunities in the country. Digital business lines developing well. Source: freepik.com Temasek has strong expertise in innovation, climate change, education, and healthcare, and wishes to cooperate with Vietnam on green development and digital transformation in the upcoming years. Likewise, service provider NCS, a member company of Singtel Group, is going to develop a strategic technology centre in Vietnam as a way to expand in the country. This Singaporean firm visited Vietnam last week to sign a cooperation agreement with FPT Software to realise the plan. Ng Kuo Pin, CEO of NCS, told VIR, “We see a lot of opportunities for digitalisation in the country. NCS is looking for partners to help enlarge our global talent pool of IT resources around the world. Digital talent … [Read more...] about Digital business lines developing well

At his meeting with Vietnamese Ambassador to Denmark Luong Thanh Nghi in Copenhagen on August 9, Bustrup affirmed that in the context that the two countries share many common interests and hold increasingly substantive and comprehensive relations, and many Danish businesses intend to expand their operations abroad, Vietnam has emerged as a potential destination. He expressed his thanks for and appreciated the cooperation and support of the Vietnamese embassy in DI’s activities, and asked the embassy to assist with the organization of Vietnam visits by Danish enterprises in the coming time. For his part, Nghi spoke highly of the active role and efforts of the confederation in intensifying the two countries’ economic and investment ties. The ambassador informed his host on the embassy's plan to organize a forum on September 5 in Copenhagen, on Vietnam - Denmark cooperation in digital and green transformation - the two priority fields that Vietnam is focusing on implementing, with … [Read more...] about Vietnam, Denmark seek ways to intensify economic, trade ties

Ring-road No.4, one of the nine projects of national priority, is expected to create driving forces for Vietnam’s socio-economic recovery. The construction of Ring-road No.4 in Hanoi and neighboring cities under the capital area is scheduled to begin in June 2023. Prime Minister Pham Minh Chinh at the meeting. Photos: Nhat Bac “The Hanoi’s authorities and related provinces/cities should focus on completing investment procedures for sub-component projects and activities related to site clearance before the timeline.” Minister of Transport (MoT) Nguyen Van The stressed the goal during a meeting of the National Steering Committee on priority projects on August 10. This was the first meeting of the Committee after its establishment on July 23, which focuses on nine major transport projects worth a combined VND734 trillion (US$31.4 billion), including the Ho Chi Minh road; expressway sections Easter North-South, Ben Luc – Long Thanh, Khanh Hoa – Buon Me Thuot, … [Read more...] about Construction of Hanoi’s Ring-road No.4 set to begin next June

Prime Minister Pham Minh Chinh addresses the meeting (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh chaired the first meeting of the state steering committee for national key transport projects in Hanoi on August 10, during which he requested ministries, sectors and localities to apply comprehensive measures to speed up the implementation of the projects to expand development space for regions. PM Chinh noted that the country aims to build at least 5,000 kilometres of expressways by 2030. Over the past 20 years, only 1,100 kilometres of expressways have been constructed, which means the task for the country until 2030 is heavy. He underlined the need to deal with weaknesses during the implementation of the projects, along with the effective settlement of arising problems. The government leader asked ministries, sectors and localities to set up their own steering committees for the implementation of national key transport projects, while regularly … [Read more...] about PM asks for solutions to speed up national key transport projects