Organic development

A doctor gives medical check-up to local people in northern mountainous province of Cao Bang (Photo: VietnamPlus) A host of problems relating to population quality, structure, and distribution has raised concerns in the meantime. “At present, a man in Vietnam has an average longevity of 72.1 years old, while a woman enjoys 82.3 years old. Accordingly, life span in the country averages 76.6 years old, which is higher than the world’s average. However, the quality of our older generation is facing some problems. According to the World Health Organization in Vietnam, each old person in Vietnam deals with three types of diseases. It shows while the people’s life expectancy is longer, the number of their quality living years is shorter.” Speaking about population achievements over the past time, Loi said the population and family planning work has over the past decade ensured total fertility rate of 2.1 children per woman (Replacement-level fertility). The work has … [Read more...] about Vietnam’s older population face challenges

Located in the Indian city of Bangalore, JFWTC is General Electric (GE)’s first and largest integrated multidisciplinary research and development center outside the US. With the participation of about 5,300 engineers and scientists, it is one of the world’s most diverse industrial research organizations that is at the forefront of designing innovative technology -solutions shaping the future. The center plays a special role for ASEAN countries. GE’s energy products have been delivering clean and stable electricity and lighting several million houses. New-generation engines used in aircraft of several airlines such as Vietnam Airlines have contributed to ensuring safe flights. Advanced medical equipment has also been available in all countries, contributing to improving access to healthcare in both remote and rural areas. “GE sees exceptional growth potential in ASEAN. Over the next 20 years, we expect aircrafts order, installed power generation capacity, and … [Read more...] about JFWTC, the birthplace of thousand innovations

Tran Vinh Du, deputy director in charge of M&A counselling at EY Vietnam Tran Vinh Du, deputy director in charge of M&A counselling at EY Vietnam, talked to VIR’s Anh Hoa about what, in this context, would attract foreign investors to buy into the state-owned enterprises bound to be equitised this year. Foreign investors are not voracious at the moment, due to Brexit and the US withdrawal from the TPP (Trans-Pacific Partnership Agreement). Does this affect the Vietnamese M&A market?  The Vietnamese M&A market is in an active period. Investors have high expectations. In comparison with other ASEAN economies, Vietnam is amongst the most attractive ones to foreign investors.  From the sellers’ point of view, there are three factors we need to consider. First of all, there is a huge wave of governmental divestment from many big state-owned enterprises and they became attractive targets for strategic foreign investors. Secondly, private sector firms … [Read more...] about Vietnam in “golden period” for M&A

With an overall score of 15.3 out of 100, the level of hunger in Vietnam has been classified as ‘moderate,’ according to the Global Hunger Index (GHI) 2019 report released last week by Irish aid agency Concern Worldwide and German organization Welt Hunger Hilfe. The index measured 117 countries and territories around the world to compare the levels of hunger between countries and regions, and to call for more efforts in the areas with greatest need of additional resources to eliminate hunger. The GHI score was calculated based on four indicators, including undernourishment, child wasting, child stunting and child mortality. The higher a country's GHI score, the worse off it is. A score of 0 would indicate zero hunger in the country. Vietnam has made substantial improvements to have its global hunger score fall from 28.3 in 2000 to 15.3 this year. Last year, Vietnam's level of hunger was also ranked ‘moderate’ with an overall score of 16, putting the country in … [Read more...] about Vietnam improves position on global hunger index

Doan Mau Diep, Deputy Minister of Labour, Invalids and Social Affairs, speaks to the Tiền Phong (Vanguard) newspaper about how Vietnam will revise the retirement age for workers or State employees. Retirement age increase necessary for Vietnam: ILO specialist Retirement age adjustment needs to be flexible: expert  Doan Mau Diep. — Photo tienphong.vn How do you respond to a proposal that Vietnam would raise the retirement age for its workers while many people in the working age still can’t find jobs? It is a real fact that in any labour market, job positions are always bigger than the actual number of working people. Yet, in all countries, many people are still unemployed. Japan is a good example. According to a national survey, there is only one candidate for four working positions while the unemployment rate in Japan currently stands at 2.4 per cent. In the real labour market, the mismatch between supply and demand happens in all countries, and … [Read more...] about Why we have to increase the retirement age?