Hanoi (VNA) - Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports (23.1 percent) and exports (17.8 percent), while FDI inflows slowed. Consumer price index remained flat in December 2020, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. Credit growth picked up slightly after the State Bank of Vietnam cut policy interest rates in October, ending 2020 at 10.1 percent. Auctions and granting of land use and rental improved revenue collection in the last … [Read more...] about Vietnam – one of fastest growing economies: WB
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Researchers warn of risks for Vietnam in 2021
According to CIEM, Vietnam’s macroeconomic performance in 2021 will be influenced by the world economy, which is still uncertain. The US is expected to continue to apply measures to restrain China’s economy, trade and technology, and may team up with some partner countries to implement measures. … [Read more...] about Researchers warn of risks for Vietnam in 2021
Foxconn invests in $270 million laptop plant in Bắc Giang
Addressing the ceremony, chairman of the provincial People’s Committee Lê Ánh Dương pledged to provide investors with the best technical infrastructure and services while facilitating administrative procedures for those investing in the locality. … [Read more...] about Foxconn invests in $270 million laptop plant in Bắc Giang
Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey
In addition, NTUC LHUB's Director Institute Of Business Excellence And Healthcare Academy, Jenaline Low adds, "For those who are looking to jumpstart the upskilling of their workforce, it is key to invest in learning and development capabilities to assess and align the workforce skills requirement to the organisation's strategic business goals. Using a Design Thinking approach to identify skills gaps will help decision-makers succinctly identify areas for skills upgrading and discover employees' strengths to optimise their full potential. To add, we urge companies to leverage training support and subsidies available to them such as the Enhanced Training Support Package and Enhanced Absentee Payroll, which are helpful to defray the training investment cost with course fee and absentee payroll subsidies." … [Read more...] about Employees Feel Companies Not Doing Enough to Upskill Them to Full Potential, More Can Be Done: NTUC LearningHub Survey
Vietnam becomes 6th largest trading partner for China
Vietnam was China's eighth largest trading partner in 2019 before its rise to sixth in 2020. It is China's eighth largest supplier of goods and fifth largest export market. … [Read more...] about Vietnam becomes 6th largest trading partner for China
