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In addition to these achievements, the livestock sector still has shortcomings such as unsustainable growth, especially in disease control, food safety, environment and product market. The sector alsos face many challenges in the context of deep international integration. Especially following the signing of free trade agreements, domestic livestock products will have to compete more fiercely with products of the same type from foreign countries with better qualifications and experience than Vietnam. On the other hand, Vietnamese experts and the relevant agencies do not yet fully appreciate the important role of market factors for the development of the pork industry and land-related issues for grazing spaces of buffalo and beef breeding. Breeders still lack land the funds for investment in and development of farms. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 28

Hanoi (VNA) - Leaders of the Ministry of Public Security, the Ministry of National Defence, and the Supreme People’s Court on January 27 stressed the importance of comprehensive reform and the building of a clean and strong public security force, a modern army, and a civilised and modern judicial sector. Delivering a speech at the 13th National Party Congress, Gen. To Lam, Politburo member, Secretary of the Central Public Security Party Committee, and Minister of Public Security, said that during the 2016-2021 tenure, the people’s public security force did a thorough job of understanding and forecasting the situation and presenting proposals to the Party and State to issue and steer the implementation of strategic, fundamental, and long-term guidelines, policies, and viewpoints about security - order protection and public security force building. That helped create a peaceful and stable environment for socio-economic development, the expansion of external relations, and … [Read more...] about Security, defence, court officials submit proposals to Party Congress

Maintaining a bonus on special occasions, including Lunar New Year, is an important policy. Employees look forward to this bonus to bring to their hometown or add to their savings. Employees are gifted bonuses that can greatly fluctuate in value – from the equivalent of a month’s salary to an employee’s annual salary – dependent on the firm’s performance the year prior. In general, a bonus of an extra month’s salary has been the standard in Vietnam. … [Read more...] about Companies scramble to ensure Lunar New Year pay bonuses

At the moment, we still focus more on small and mid-sized companies but are short of enterprises that can become tier-1 and tier-2 suppliers for foreign investors. So in the near future, we have to support those kinds of enterprises to develop, since large firms, such as Vingroup Joint Stock Company (VIC), are not likely to become partners with foreign investors but maybe to become their rivals. … [Read more...] about Việt Nam’s economic growth can even surpass expectations in 2021: expert

A forecast is just a forecast, and there are many factors affecting it. So the result will rely on government policies, such as controlling COVID-19 or boosting new economic trends, and whether we have the capability to implement measures efficiently or not. I think that with what we have achieved in 2020, the economic growth can even surpass our expectations. — VNS … [Read more...] about Viet Nam’s economic growth can even surpass expectations in 2021: expert