The pandemic has revealed the limitations of the current global supply chains. Vietnam will stay attractive for foreign investors including those from Germany in their pursuit of diversifying supply chains, said Florian Feyerabend, Resident Representative of Konrad-Adenauer-Stiftung (KAS). Speaking at the webinar themed “Impacts of Covid-19 on the global supply chains and policy implication in Vietnam” held on October 14, he said Vietnam is the biggest ASEAN trading partner of Germany and the top choice for investing in the region. An overview of the seminar on October 14. HNT Photo Florian Feyerabe said once the social distancing measures have been eased and the vaccination campaign across the country is being accelerated, new normality would start and the economic engine will be switched on. Delegates at the event recognized that Covid-19 has been affecting the global supply chains due to the interdependence of production and distribution. Most … [Read more...] about German investors choose Vietnam for their supply chain
Supply chain risk assessment
A Samsung Vietnam production line. — Photo diendandoanhnghiep.vn HÀ NỘI – Though the pandemic has seriously impacted the world and Việt Nam, it has accelerated the supply chain shift by diversifying, regionalising the production chain and scaling up global value chains, said an expert in Hà Nội on October 14. Trần Toàn Thắng, director of the Department of Industrial Forecast and Enterprise Development (DIFED), National Center for Economic Forecast and Information (NCIF), told a seminar hosted by the University of Social Sciences and Humanities (USSH) in collaboration with the Konrad-Adenauer-Stiftung Foundation (KAS) of Germany on the pandemic influence on the global supply chain and local logistics sector and business operations: “Though there is global prospects for production, the impact from the pandemic will affect enterprises at least until 2023.” Thắng said most of the production chains that Việt Nam can access or have the potential to move to are suitable with the … [Read more...] about Experts seek ways for Viet Nam to have healthier supply chain
At the talks “Why Vietnam” held recently by the Ministry of Information and Communications, experts affirmed the significant role and position of Vietnam in the technology industry as well as global supply chains. This was an event on the sidelines of the ITU Digital World 2021 hosted by Vietnam. At the talks, the story about Vietnam's role and position in the digital era, the digital transformation process and Vietnam's post-pandemic steps attracted the attention of domestic and international managers, experts and businesses. At the "Why Vietnam?" talks held by the Ministry of Information and Communications in Hanoi. Photo: Trong Dat Many people still think that Vietnam is a small country but from the perspective of IT-communication industry development, where is Vietnam on the world map? Nguyen Thanh Tuyen, Deputy Director of Information Technology Department of the Ministry of Information and Communications: There are many countries in the world … [Read more...] about Where is Vietnam in the technology industry and global supply chain?
Deputy Minister of Industry and Trade Do Thang Hai (centre) and other officials at the teleconference on Thursday. — VNA/VNS Photo The Ministry of Industry and Trade (MoIT) affirmed its top priority now is assisting businesses in Viet Nam to achieve the “twin targets” of ensuring safety amid the COVID-9 pandemic and maintaining production to avoid disruptions to supply chains. In a teleconference with Samsung Vietnam and its suppliers on Thursday, Deputy Minister Do Thang Hai said the MoIT is committed to continued coordination with other ministries, sectors, and localities to assist businesses and tackle bottlenecks to production activities by increasing manpower for production, easing restrictions on travel among provinces, boosting vaccination, and reducing input costs, expenses and taxes. The event gathered representatives of the Korean-invested company and more than 20 suppliers in HCM City, Ha Noi, and the provinces of Bac Giang, Bac Ninh, Binh Duong and Dong Nai. The … [Read more...] about MoIT vows support for Samsung, suppliers to maintain supply chain
Prime Minister Phạm Minh Chính speaks at the meeting. VNA/VNS Photo HÀ NỘI — Prime Minister Phạm Minh Chính called for more efforts to bring workers back to factories and restart production quickly and safely. The Prime Minister made the statement on Saturday, presiding over a meeting on the working relations between the Government and the Việt Nam General Confederation of Labour for 2021 and orientations for the next year. Confederation President Nguyễn Đình Khang said that in the first nine months of this year, amid the complex development of the COVID-19 pandemic, the trade union has been working with Government and firms in the fight against the pandemic and caring for workers affected. To date, it has provided nearly VNĐ16 trillion to more than 19 million people and workers according to Resolution 68/NQ-CP; delivered support of about VNĐ38 trillion from the Unemployment Insurance Fund to nearly 13 million employees and nearly 390,000 employers (according to … [Read more...] about PM highlights the need to overcome labour supply chain disruptions
Medical workers check people’s health and give them information before COVID-19 vaccinations in the southern province of Trà Vinh. — VNA/VNS Photo Thanh Hòa HÀ NỘI — People who have had two doses of COVID-19 vaccine, or have recovered from the virus, will only be tested when they come from high-risk areas or those under lockdown. This is one of the factors included in the Ministry of Health (MoH)’s new guidelines to assess the COVID-19 situation. The guidelines were issued by the MoH in order to ensure safe, flexible adaptation and effective control of the pandemic. Under the MoH’s guidelines, the COVID-19 situation will be assessed based on three factors, including the rate of new cases in the community, vaccine coverage and medical facilities’ treatment capacity. As for the first factor, the number of new cases in the community will be divided into four levels based on the World Health Organisation’s guidance. Level one will be for areas with fewer than 20; level two … [Read more...] about Ministry issues detailed guidance on COVID-19 assessment