Vietnam must have really strong local enterprises to have a self-reliant economy. This poses an urgent need, that is the attraction and use of FDI in the next phase must bring about qualitative efficiency, meaning that the value of the production chain in Vietnam must belong to Vietnamese enterprises. Meanwhile, the private sector currently has a dominant presence in the economy, with some 800,000 enterprises operational as of October 2020, but over 95% of them are micro, small and medium busiensses. Therefore, the concentration of all resources available (capital, including land, high-quality manpower, incentives and so on) to develop the private sector economy is an urgent need for FDI attraction in the next phase. If private enterprises remain micro, small and medium, lack capital and technology, and still face administrative troubles, Vietnam will not have sufficient enterprises big and strong enough to be able to ally and partner with foreign enterprises so as to master each area … [Read more...] about Private sector development to enhance FDI efficiency
30 years
In Tokyo’s lockdown, some drink on even after authorities call time
Prime Minister Yoshihide Suga declared a state of emergency for Tokyo and surrounding prefectures this month. He expanded it to 11 prefectures accounting for 55% of the population on Wednesday. Unlike in many other countries with mandatory lockdowns, Japanese authorities legally can only urge people to stay at home and businesses to close. … [Read more...] about In Tokyo’s lockdown, some drink on even after authorities call time
Unbearable grief grips landslide survivors in central Vietnam
"Among those missing, six are my siblings," said Ho Van De, a villager. Two days before the disaster, he had gone to their farm with his wife and stayed in the hut there. On Thursday, when they returned, tons of rocks and soil had buried their neighborhood, including their son. … [Read more...] about Unbearable grief grips landslide survivors in central Vietnam
An overseas Vietnamese: Covid-19 infected, in lockdown and the desire to fly back home
This time, both UK residents and overseas Vietnamese were somewhat indifferent, we began to be familiar with the pandemic and didn’t care about it much. Schools were not shut down. The students isolate themselves at home if they are found being infected. Once an infection was confirmed among the students, the whole grade would remain isolated at home while students of other grades keep going to school as usual. … [Read more...] about An overseas Vietnamese: Covid-19 infected, in lockdown and the desire to fly back home
