Labour productivity formula

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. He asked the ministries of construction, natural resources and environment and finance to work together with the confederation in handling issues relating to housing for labourers. The VGCL should coordinate with the ministries of culture, sports and tourism; health; and education and training in building cultural, educational and health care establishments … [Read more...] about PM speaks of major tasks to raise labourers’ material, spiritual life

Industrial production is forecast to increase 6.6% in 2023. (Photo: VNA) HCM City (VNA) – Vietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in demand as new business fell at a softer pace, helped by a renewed expansion in new export orders. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI), released on February 1, posted 47.4 in January, up from 46.4 in December but still pointing to a solid monthly deterioration in the health of the manufacturing sector. January data signalled a further marked decline in manufacturing production, albeit one that was slightly softer than seen in December. Lower new orders were often behind falling output, with … [Read more...] about Vietnam’s industrial production to rise 6.6% in 2023: S&P Global

In Singapore (Photo source: AFP) Singapore - Singapore's manufacturing outlook may continue gloomy in the first quarter of 2023, after its manufacturing output shrank for a third consecutive month in December last year, said economists. According to data released by the Economic Development Board (EDB) of Singapore, the industrial production in last December fell 3.1 per cent compared to the same period of the previous year, making this the third consecutive month of decline. Excluding biomedical manufacturing, Singapore’s output increased by 0.3 per cent year-on-year. Output for the chemicals, precision engineering and general manufacturing clusters also declined on a year-on-year basis at 9.5 per cent, 4.1 per cent and 2.8 per cent respectively. The electronics sector was one of two clusters that saw output growth in December, after five consecutive months of decline. However, most economists believe that the electronics industry's recovery may be temporary. Selena … [Read more...] about Singapore’s production sector predicted to remain gloomy in Q1

A convergence of local specialties and those of nearby provinces and foreign countries, Da Nang is considered as a representative of the rich culinary heritage of Vietnam. Some of must-try dishes include banh xeo (Vietnamese pancake), mi Quang (Quang noodles), Banh trang cuon thit heo (sliced pork rolled with rice paper), goi ca Nam O (Nam O fish salad), among others. According to the municipal Department of Tourism, there are now more than 4,000 dining establishments and 200 restaurants in the city. Of this, over 2,000 small- and medium-sized ones specialise in dishes of all regions of Vietnam. Besides the taste of local dishes, foreign tourists can find themselves in a familiar atmosphere as they are surrounded with those from the Republic of Korea, China, Japan, and Thailand. Over the past time, the Da Nang’s Tourism Promotion Centre and the Da Nang Cuisine Culture Association have jointly organised food festivals and competitions, and promoted the city’s … [Read more...] about Da Nang promotes food into unique tourism product

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Jakarta (VNA) - Indonesia plans to produce 695 million tonnes and export 518 million tonnes of coal this year, said Energy and Mineral Resources Minister Arifin Tasrif . The figures are higher than the country’s 2022 coal production of 687 million tonnes and export of 494 million, he said. The production last year was higher than the target of 663 million tonnes despite an export ban at the beginning of the year and heavy rain flow that disrupted activities. The official expected that coal prices will remain up in 2023 after last year’s record prices. According to shipping data from consultancy Kpler, the country’s exports to India, the Republic of Korea, Taiwan (China) and the Philippines all rose in 2022. Meanwhile, shipments to its biggest market, China, dipped. Indonesia’s domestic coal consumption is estimated at 177 million tonnes in 2023, down from 193 million tonnes in 2022./. VNA … [Read more...] about Indonesia plans record-high coal exports

Illustrative image (Photo: baodautu.vn) Hanoi (VNA) – Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union. Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimised many advantages of the EU- Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice … [Read more...] about Vietnam develops green agriculture to increase exports to EU

Solar panels installed on the rooftops of a seafood processing plant in the Mekong Delta. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy , said industry insiders and policymakers. The EU’s Carbon Border Adjustment Mechanism (CBAM) by the European Parliament (EP), according to the EP, is to "put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries." The bloc requires exporters to report their commodities' carbon footprints, on which a tax may be levied should carbon emissions during the production of said commodities exceed the EU's carbon regulations. Instead of buying the EU's carbon certificate , Vietnamese businesses could take steps to reduce their own carbon footprints during production, experts said. The … [Read more...] about Vietnam must step up carbon reduction to enter EU markets

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. Read full story - A book by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong regarding the fight against corruption and other negative phenomena will be released at a ceremony in Hanoi on February 2, according to the CPV Central Committee’s Commission for Internal Affairs. The debut is timed for the 93rd … [Read more...] about ☕ Afternoon briefing on February 1

The annual festival is held as a religious ritual dedicated to the god of agriculture to win his blessing for verdant crops and prosperity for villagers throughout the year. It consists of an offering ritual, a ploughing ceremony and folk games. According to Chairman of the Ba Be district People’s Committee Luu Quoc Trung, over the past years, tourism in the locality has been developed, attracting hundreds of thousands of visitors and becoming a key economic sector of the district. Therefore, the district attaches much importance to preserving and promoting cultural identities of local ethnic groups. At the end of the festival, people had a chance to experience a cultural space, featuring local people and land. They also enjoyed local food and joined an art exchange, together with playing folk games. In addition, visitors could enjoy the beauty of Ba Be - the largest freshwater lake in Vietnam, buy OCOP (One Commune, One Product) and local agricultural products. “This is the … [Read more...] about Long Tong festival held in Bac Kan province