Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Global growth forecast
Given this, the ministry has coordinated with relevant ministries and agencies in building management plans, and proposed fiscal policies to cope with the epidemic, remove difficulties faced by production and business sectors, and ensure social welfare, Dung said. … [Read more...] about Finance Minister clarifies socio-economic, budget issues
For those who are in the priority list by the Ministry of Foreign Affairs should receive privilege in entry procedures and the criteria for selection must be transparent, the Government Office noted, citing orientations of the PM. … [Read more...] about Vietnam plans to repatriate 14,000 more citizens
The news comes after Saigon Gold, Silver and Gemstone joint stock company quoted its gold price this morning at VND49.15 million per tael for selling and VND49.53 million per tael for buying, representing increases of VND110,000 and VND140,000, respectively, in comparison with the previous day’s prices. … [Read more...] about Gold prices climb to new peak of VND49.6 million per tael
However, it should be noted that calculations of enterprise data show that the elasticity coefficient of labor of the private business sector during 2011-2018 was about 0.73 and the elasticity coefficient of capital was 0.27, meaning that the added value of this economic sector increased mainly due to the capital increase rate which during 2011-2018 averaged 13% a year and 27.2% in 2018 over 2017 in current prices. The private business sector is no exception as other sectors in Vietnam are also capital-intensive. … [Read more...] about Higher labor productivity: pay rise