The project also aims to renovate and perfect profession of the statistical sector; catch up with international standards and practices; better the legal system, mechanism; and improve State management efficiency of the economy. It targets to survey and make specific, detailed, and comprehensive evaluations of the informal economy which has yet been observed in five groups of three economic sectors (agro-forestry-fishery sector, industrial and construction sector, and service sector); ownership types (State, non-State, and FDI); in sectors, localities, and cities. It plans to build a list of economic activities which have not been observed. The General Statistics Office reported that the informal economy consists of five components including underground economic activities; illegal economic activities; unofficial economic activities which have not been observed; household economic activities; and omitted economic activities due to basic data collection programs. … [Read more...] about Gov’t to collect informal economic statistics
Statistical research methods
BUSINESS NEWS IN BRIEF 3/9
Quang Ninh aims to become leading service centreThe northern coastal province of Quang Ninh has outlined comprehensive measures to attract key projects in trade, aiming to become a leading service centre in the country.Two years ago, local authorities granted approval for a master plan to develop the trade sector by 2025 with a vision towards 2030. The province aimed to increase added value by an average of 12.5 - 13.5 percent during 2016 – 2020, 14.5 - 15.5 percent during 2021 – 2025, and 10 - 11 percent during 2026 – 2030.As part of efforts to lure trade projects, the province has worked to improve transport infrastructure, including projects upgrading the Uong Bi - Ha Long segment in National Road 18, Quang Ninh airport, and Ha Long - Hai Phong expressway. Due attention has been paid to transportation in border areas, facilitating and promoting trade with China via Bac Luan border gate.Besides encouraging local investors to remove bottlenecks and accelerate … [Read more...] about BUSINESS NEWS IN BRIEF 3/9
Young people with cancer increasing, experts point out early testing is the optimal method
Viet Nam News HÀ NỘI — Her family history showed no signs of breast cancer, but despite this, a 27-year-old woman living in Hưng Yen Northern Province still examined herself at home. And she was right to carry out her own check up. She felt something wrong and opted for a medical opinion. A tumour was discovered, but thankfully wasn’t harmful and could be treated easily. Asking not to be identified, we are calling her ‘H’. "Through the methods shared in books and the internet, at home, I check myself and see abnormal breast signs,” said H. “Then I go to the provincial hospital and they told me the ultrasound results revealed cystic fibrosis.” “I wanted a second opinion so I went to Hà Nội-based K Hospital for a re-examination. The doctor says I had benign cystic fibrosis. The early examination makes me feel much more secure. Every year, women should go to the clinic twice a year, because if … [Read more...] about Young people with cancer increasing, experts point out early testing is the optimal method
Fighting money laundering with tech
Can you describe what methods criminals typically use to launder money through the financial system? Money laundering is usually described as a three-phase process: placement, layering, and integration. Criminals who make cash from drugs, robberies, or other types of crime will try to get rid of the cash by putting it in the banking system (placement). They will send the money through various transactions within the financial system to disguise the initial placement (layering). Then, they will try to take that money at the end of the process and merge it into their assets (integration). The criminals then get the integrated assets and break the link with their original crime. Here is an example: In many countries, when you deposit $10,000 in cash, the bank will have to report it. So the criminal will deposit separate amounts of $9,000 each in different branches of the bank (placement). The money goes into the criminal’s account, mixes with their own money, and goes through … [Read more...] about Fighting money laundering with tech
Green growth the future for business
Green growth is an effective sustainable development solution for businesses to counter the effects of climate change, said experts at a conference held in HCM City on Thursday. - VNA/VNS Photo Xuan Du The conference, organised by the Vietnam Chamber of Commerce and Industry in HCM City (VCCI-HCM), aimed to help Vietnamese businesses cope with climate change and develop green growth. Deputy Director of VCCI-HCM Nguyen The Hung said that climate change was a major problem affecting the global socio-economic situation, in which Viet Nam was one of the countries most severely affected. According to statistics, more than 300 people die or go missing due to natural disasters in Viet Nam every year. Economic losses from natural disasters amounted to between 1-1.5 per cent of GDP. Last year, the country suffered a loss of about VND60 trillion (US$2.64 billion) due to natural disasters. “Green growth is an approach to production and services that brings economic benefits to … [Read more...] about Green growth the future for business