The region has transformed from one of low-income and largely agricultural economies to one of middle-income and highly sophisticated economies with growing middle classes. The region now acts as an engine of growth for the global economy, accounting for more than a third of global GDP growth last year. This success story permeated many of the discussions and events during the recent World Bank-IMF Annual Meetings in Bali, Indonesia. From the high rankings of many East Asian countries in the newly released Human Capital Index, to the substantive discussion around the ‘East Asian Miracle’ and its future, the week served to showcase how far the region has come and its significant potential to achieve even greater success. While prospects for the region’s continued development remain favorable, EAP countries will have to navigate heightened global uncertainty and headwinds that have emerged in recent months: trade tensions, weakening global trade, tightening … [Read more...] about Deepening East Asia and Pacific success in the midst of uncertainty
Success is when preparation meets opportunity
THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 124/NQ-CP Ha Noi, October 06, 2018 RESOLUTION THE GOVERNMENT’S REGULAR MEETING – SEPTEMBER 2018 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government; Based on the discussion of the delegates and the conclusion of the Prime Minister at the Government’s regular meeting in September 2018, held on October 01, 2018, DECIDES 1. Regarding the document preparation for the 6th working session of the 14th National Assembly The Government requested: - Ministers and Heads of ministerial-level agencies directly instruct and urgently finalize draft laws and reports which will be submitted to the National Assembly under the responsibilities of their ministries and agencies according to the assignment, ensure the … [Read more...] about The Government’s regular meeting-September 2018
Nonstop efforts The yearlong events of the 21-nation Asia Pacific Economic Cooperation (APEC) forum were a top priority for Vietnam’s international integration and multilateral foreign relations. The state acknowledged that the events, especially the APEC Summit Week in the central city of Da Nang, would provide a great opportunity for Vietnam to affirm its role and position in the APEC community and promote its image as a friendly, dynamic and culturally rich destination for foreign visitors and investors. In 2017, hundreds of APEC events took place in provinces and cities throughout Vietnam, attracting the participation of tens of thousands of officials, businesspeople and journalists from 21 APEC economies. Ensuring sufficient and safe power supply at meeting venues and other events was a top priority. The group prepared power supply plans for APEC events in Da Nang, Hue City and Quang Nam Province, and instructed its production, transmission, distribution and other member … [Read more...] about APEC 2017 expected to generate power sector opportunities
Viet Nam News On the occasion of Swiss National Day, Ambassador Beatrice Maser Mallor shares her country’s development story. Switzerland celebrates its 727th anniversary on August 1. A mountainous country located in the heart of Europe, Switzerland traces its origins to 1291, when a defensive alliance of three cantons (provinces) was formed. It quickly expanded over the next two centuries into a loose confederation of sovereign cantons. After a short period of centralized government during the Napoleonic period and the confirmation of its present borders at the Congress of Vienna in 1815, Switzerland became a federal State through the promulgation of a modern constitution in 1848. Rapid industrialization and economic development went hand in hand with the granting of extensive civil and political rights, including elements of direct democracy, for which the country has become famous. Switzerland does not have many natural resources and does not have access to the sea. In … [Read more...] about Swiss prosperity: What’s behind the success story?
The context of integration and the trend of the fourth industrial revolution are opening up many opportunities for Vietnamese enterprises, but they can only seize the opportunities if the human resources meet the requirements. Facing the current inadequacies in the quality of human resources, many experts have said that enterprises need to apply technology solutions to training and quickly improve the quality of human resources. The trend of training in enterprises is gradually moving from traditional training to online training by shortening the geographical distance and training times, and saving the cost of organizing classes The 2017 Provincial Competitiveness Index (PCI) report by the Vietnam Chamber of Commerce and Industry (VCCI) shows that 69 percent of FDI enterprises in Vietnam are facing difficulties in recruiting skilled technicians to serve their production and business activities. The report also showed that the quality of human resources in Vietnam has not … [Read more...] about Preparing high quality human resources to meet the 4.0 “playing field”