Carolyn Turk and Kyle Kelhofer The country’s robust and sustained economic growth was driven by open trade, sector liberalization, and an export-oriented growth model, in which the private sector played a leading role. With success comes confidence, and Vietnam set a goal of becoming a high-income country by 2045. Then came Covid-19, though, even before the pandemic, some of the forces fueling Vietnam’s growth had evolved. For example, while technological change is reshaping the country’s manufacturing-led export strategy, other challenges include an aging population, the need for improved regulations, enhanced competition, upgraded infrastructure, skilled workforce, and better access to finance. During the first wave of Covid-19, Vietnam set a global example by taking swift action to contain the virus. The country was one of the few economies globally to register growth in 2020, and its output was well above its pre-pandemic level by the end of the second quarter of 2021. … [Read more...] about Strengthening the private sector can get Vietnam back in the fast lane
Vietnam education reform
The exhibition, entitled “Education of the Nguyen Dynasty - Remaining Echoes”, introduces to viewers more than 100 unique documents selected from the precious collection of Records of Royal and Woodblocks of the Nguyen Dynasty (1802-1945) that are currently being kept at the National Archives Centre 1. It features five topics, including the school opening ceremony, the Nguyen Dynasty’s schools, the teachers, the study and examinations, and talent nourishment. The materials and images on display will help viewers gain a more detailed understanding of the study and exams well as the relationship between teachers and students under the Nguyen Dynasty. Tran Thi Mai Huong, Director of the National Archives Centre I under the Department of State Records and Archives, said: "Genuine evidence from archival documents shows the importance of education during the Nguyen Dynasty, especially during the reign of Emperor Tu Duc." A highlight of the exhibition is a short film titled … [Read more...] about Exhibition sheds light on education system under Nguyen Dynasty
Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20
The digitalisation and technological transformation are speeded up during the COVID-19 pandemic. (Source: VNA) Hanoi (VNS/VNA) - The COVID-19 pandemic does not slow down technological transformation or digitisation, but in fact speeds them up, companies said. Speaking to Vietnam News , Angus Liew, General Director of Gamuda Land Ho Chi Minh City, said: “ Digitisation is the future of mankind, not only for real estate but also for all other business sectors, and people’s lifestyles as well. It’s an irreversible trend. Nowadays we can see everyone is talking about AI, industry 4.0, etc.” Technology was the backbone nowadays and governed every aspect of doing business, from operational systems to mechanisms to interact with customers. His company had put a lot of efforts and resources into developing technology and innovation. “ Technological transformation is one of our top priorities,” he said. Soon, possibly in the first quarter of 2022, Gamuda Land Vietnam … [Read more...] about Pandemic speeds up digitisation, technology transformation
VinFuture Science Dialogue PVI INSURANCE TAKES LEAD IN THE NON-LIFE INSURANCE MARKET 29 years of commitment “For a brighter life” DestinAsian has honoured Capella Hanoi belonging to Sun Group as the “Best New Hotel in the Asia – Pacific region" Using the Platform of CAEXPO and CABIS to jointly boost Economic Recovery through enhanced pandemic control cooperation The Sherpa - a subsidiary of Masan - has just announced its acquisition of 70% of Mobicast shares with a total cash consideration of VND295.5 billion. What advantages does this group offer to enter into telecommunications and digital services play which is dominated by a number of major telecom companies? Telecommunications and digital services - a piece to its “Point of Life” strategy The Sherpa - a subsidiary of Masan - has just announced its acquisition of 70% of Mobicast shares with a total cash consideration of VND295.5 billion. Operating under the brand Reddi, Mobicast is a … [Read more...] about Entering into telecommunications and digital services play, what competitive edge does Masan offer?
In Vientiane (Photo: Xinhua) Vientiane (VNA) – As the COVID-19 situation is getting worse in Laos, the country is accelerating contact tracing in order to stop COVID-19 infection from spreading. The Lao Ministry of Health said within the past 24 hours, the country recorded 331 new cases of COVID-19, of which 296 were community cases. The ministry said the capital area is still a COVID-19 hotspot as it continued to record the highest number of community infections in a day with 176 cases. To date, the total number of COVID-19 infections in Laos is 19,730, including 16 deaths. The Vientiane Department of Health is carrying out contact tracing of patients in recent community cases in an effort to control the risk of a large-scale outbreak. At the same time, the Vientiane Capital Government also asked supermarkets and convenience stores to close during the city's lockdown to prevent the spread of COVID-19. Food markets can open and only sell agricultural and fresh … [Read more...] about Laos accelerates contact tracing to curb spread of COVID-19