N ms – Talk Vietnam

The Hanoitimes - Covid-19 has revealed, and even deepened the skills gaps between the current skills and what required to deliver an agile fit-for-the-future business strategy, stated a PwC Vietnam senior executive. To build resilience and emerge stronger through this health crisis, businesses in Vietnam need to rethink business structure, embrace digitalisation, and engage the workforce in a more sustainable way, according to Dinh Thi Quynh Van, general director of PwC Vietnam. Dinh Thi Quynh Van, general director of PwC Vietnam. Ms. Van made the suggestion at the Vietnam Business Summit (VBS), one of Vietnam’s largest international business events organized annually by the Vietnam Chamber of Commerce and Industry (VCCI) on November 12. Under the theme “Digitized Vietnam: Toward Resilient Responsive and Sustainable Development”, the summit provided a platform for leaders from both the public and private sectors to engage in an open dialog on the development of key sectors, share experiences of businesses who have found success in Vietnam, and discuss investment opportunities in the digital era. This year the event received participation of around 300 representatives from the business community in Vietnam and foreign investors. Against the backdrop of Covid-19, the summit program covered three key areas: Vietnam's investment climate and opportunities, smart logistics to enhance its position in the global value chain, and the advancement of high-tech agriculture. Overview of the discussion session at the VBS 2020. Vietnam economic resilience in the spotlight Although Vietnam is not immune to the global economic downturn, the country has managed a rare growth of 2.9% in 2020 as projected by the World Bank’s report in August -- making it the only economy in ASEAN that can hold on to a positive growth rate this year, stated Ms. Van, adding this could be largely attributable to some very early and concerted …

The Hanoitimes - To ensure the dual target of containing the pandemic and simultaneously boosting economic growth, Hanoi remains steadfast in disbursing 100% of the target amount of public funds. A high disbursement rate of public investment capital is essential to boost Hanoi’s economic growth, especially in the current Covid-19 crisis, according to Phung Thi Hong Ha, vice chairwoman of the municipal People’s Council. Overview of the meeting. Photo: Thanh Hai. For many years, Hanoi has identified public investment a key source for the capital city’s socio-economic development, which in turn lays a solid foundation to attract social investment capital, Ms. Ha said at a meeting discussing the disbursement progress for public projects in Hanoi in the 2016 – 2020 period on August 31. During the five-year period, total social investment capital was estimated at VND1,740 trillion (US$75 billion), 1.65 times as much as that in 2011 – 2015 and equal to 43.9% of the city's gross regional domestic product (GRDP). Public projects after completion have timely addressed social issues, traffic congestion and gradually modernized urban and rural infrastructure, especially roads connecting Hanoi with other provinces and cities. In 2020, Hanoi allocated VND28 trillion (US$1.2 billion) for 581 projects. To ensure the dual target of both containing the pandemic and boosting economic growth, Hanoi remains steadfast in disbursing 100% of the target amount, in turn boosting socio-economic development, Ms. Ha stressed. At the meeting, Vice Chairman of the Hanoi People’s Committee Le Hong Son informed as of the end of July, Hanoi had disbursed VND14.64 trillion (US$631.26 million), or 36% of the target set by Prime Minister Nguyen Xuan Phuc. By the end of this year, the city is expected to complete 546 out of 551 construction projects at city-level, and 851 out of 856 at district-level. In the first seven months of this year, the Vietnamese government …

Vietnam businesses urged to rethink towards sustainable and digital future

Quick disbursement of public investment essential to boost Hanoi’s economic growth