6 secrets to success

Vietnam ICT Summit 2017 is the platform for administrative agencies and IT enterprise community to discuss solutions and strategies with the objective of taking Vietnam to join the industrial revolution 4.0. On September 6, the first theme in the Vietnam ICT Summit 2017 of “Vietnam: Digital Transformation in Industry 4.0” has been discussed. In particular, the Deputy Prime Minister Vu Duc Dam has given the opening speech at the summit. As such, the Deputy Prime Minister stressed, industrial revolution is more and more influencing various aspects of socio-economic in the world, as well as in Vietnam. This is not only an opportunity for Vietnam to transform, but also poses a potential threat to the country. The Deputy Prime Minister Vu Duc Dam gave a speech at the summit. According to the Deputy Prime Minister, in 2017, the global innovation index (GII) of Vietnam has increased 12 places to the 47th rank, thanks to the significant contribution from IT … [Read more...] about Industrial revolution 4.0: Human resources are key

Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability

Legislation review necessary to increase tempo on public disbursement activities, illustration photo/ baodautu.vn Assoc. Prof. Pham The Anh from the National Economics University said that changing the slow disbursement of public investment would be very challenging because of legal risks and responsibility. “I don’t think the slow disbursement is due to the lack of motivation by those responsible for the implementation,” said Anh. “In the past two years, the bottlenecks in public investment were related to the legal environment,” he added, citing legal problems in land clearance. “The Vietnamese government still has the ability to keep up with the disbursement speed by reviewing the legislation related to public investment decisions.” In 2022, the government expects to disburse $17.69 billion according to Decision No.2048/QD-TTg dated December 6, 2021 on assigning state budget investment for 2022. “The latest directives are aimed at disbursing public investment on schedule … [Read more...] about Legislation review necessary to increase tempo on public disbursement activities

Kim Højlund Christensen, Danish Ambassador to Vietnam With the return of tourism and trade activities, can you see any movement from business and investment promotion delegations that are going to visit Vietnam? The Vietnamese government’s recent decision to lift entry restrictions and especially to resume the visa-exemption travel programme for countries, including Denmark, is great news and positively welcomed by the Danish business community. Many Danish companies are already planning their visits to Vietnam this month and early next month to meet with their local business partners in person. At present, there are over 130 Danish companies represented in Vietnam. Therefore, there will be a large number of business visitors and delegations from headquarters in Denmark or other locations in the region coming here in the near future to visit their production facilities or to find new investment opportunities. Besides that, we also expect to have trade delegations visit our … [Read more...] about Danish investors pinpointing rising potential of Vietnam’s green energy

Vietnamese Trade Counselor in Algeria Hoang Duc Nhuan speaks at the event. (Photo: VNA) Annaba (VNA) – Vietnamese Trade Counselor in Algeria Hoang Duc Nhuan has attended the Annaba Economic Forum in Annaba city on May 25-26 to introduce Vietnam's potential and strengths as well as seek ways to expand cooperation between Vietnamese enterprises and Algerian localities. The forum drew the participation of hundreds of Algerian economists, businessmen and investors as well as representatives of economic organisations and embassies of African and European countries. investment cooperation , the Bir Seba joint venture between PetroVietnam Exploration Production Corporation (PVEP), Thailand's PTT Exploration and Production Public Company and Sonatrach Group is a symbol of the successful cooperation between Vietnam and Algeria . The joint venture has exploited about 18,000 barrels of crude oil daily since it was launched in 2003. VNA … [Read more...] about Vietnam seeks to expand economic cooperation with Algeria

The number of people with two-dose vaccinations against COVID-19 as of May 23 stood at 166.9 million out of the target of over 208 million (Photo: AFP/VNA) Jakarta (VNA) – UN Deputy Secretary General Amina Mohammed has praised Indonesia for successfully controlling the COVID-19 pandemic. Speaking at the Global Platform for Disaster Risk Reduction (GPDRR) held in Bali, Indonesia , Amina expressed the UN appreciation to Indonesia for its steps to handle and respond to the pandemic. She described the co un try’s effort to vaccinate 217 million citizens against the pandemic as a great achievement. Amina affirmed that Indonesia is an important partner of the UN in disaster risk mitigation efforts. Meanwhile, Indonesian President Joko Widodo said his government implemented dynamic policies to handle COVID-19 and strike a balance between public health and economic interests. According to the president, Indonesia has administered 411 million doses of COVID-19 vaccines … [Read more...] about UN praises Indonesia’s achievements in fighting COVID-19