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Press enterprise digital edition

/ March 2, 2021

Vinh Long presses ahead with sustainable production, consumption

Streets in Vinh Long (Source: baovinhlong.com.vn) Vinh Long (VNA) - The Vinh Long Provincial People’s Committee in the Mekong Delta has issued a plan to implement the national action programme on sustainable production and consumption for 2021-2030. By 2030, 90 percent of industrial parks in the province are set to apply clean and environmentally-friendly technologies. All supermarkets and shopping centres are to use eco-packaging instead of single-use plastics, and the use of slowly-degrading packaging at wet markets will be cut by 80 percent. The province also hopes to have 100 percent of its enterprises joining production and distribution chains for safe farm produce and it also targets the widespread use of QR codes for product origin tracing. Local business invests in machinery to increase productivity and product quality (Photo: VNA) Vice Chairman of the provincial People’s Committee Nguyen Van Liet said local authorities will assist businesses in boosting their production capacity and product quality, and in reducing costs to engage in a network of sustainable production and consumption. The provincial Department of Science and Technology has been tasked with planning and launching programmes assisting companies and localities in the innovation process. Priorities have been set for waste recycling, the sustainable use of natural resources and energy, and technological application in resources management, goods manufacturing, and consumer protection./. VNA …

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/ March 2, 2021

Vietnam to realize 6.5% growth target: PM

The Hanoitimes - It is vital for Vietnam to further boost the development of private sector and public investment funds, in turn contributing to economic growth and creating the foundation for long-term development. Vietnam would speed up socio-economic recovery to realize the growth target of 6.5% for this year. Prime Minister Nguyen Xuan Phuc at the meeting. Photo: Quang Hieu Prime Minister Nguyen Xuan Phuc stressed the view at a monthly government meeting on March 2, which were attended by government leaders and representatives of ministries and sectors. Among measures to boost growth, the PM stressed the importance of enhancing greater efficiency in global integration to boost exports and attract high quality   foreign direct investment (FDI). “The current situation presents huge opportunity for Vietnam to attract investment capital,” stressed Phuc, adding a favorable investment environment is a must to keep capital inflow from growing. In addition to the role of state-owned corporations, Phuc said it is vital for Vietnam to further boost the development of private sector and public investment funds, in turn contributing to economic growth and creating the foundation for long-term development. According to Phuc, disbursement of public funds is a major mission, for which the Government Office is tasked with inspecting efficiency in disbursing public funds and ODA-funded projects. Phuc stressed the importance of reviewing current supporting programs and proposing new ones to assist businesses and people affected by the pandemic. “Nurturing economic growth drivers and creating long-term revenue sources are the objective for monetary and fiscal policies,” said Phuc. The PM requested major economic hubs to play a greater role in aiding economic growth, especially Hanoi, Ho Chi Minh City, Vung Tau, Danang, and Can Tho. For economic sectors that are struggling with the Covid-19 impacts, including those in fields of …

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/ March 1, 2021

COVID-19 crisis could set-back a generation of women in business

Dropping seven places since 2019, Viet Nam comes in at #25 while Thailand, Philippines and Indone sia are amongst the top 20 economies globally offering the most supportive entrepreneurial conditions for women.— Infographic by Mastercard Women across the world have been disproportionally impacted by the COVID-19 pandemic – a staggering 87 per cent of women business owners say they have been adversely affected, according to Mastercard’s report of the Women Entrepreneurs Index 2020. Overrepresentation in sectors hardest hit by the economic downturn (such as tourism, retail and F&B), the pronounced digital gender gap in an increasingly virtual world, and the mounting pressures of childcare responsibilities are only a few factors that have left women particularly vulnerable, particularly in economies such as Viet Nam, South Korea and Thailand. MIWE 2020’s top performing economy is a prime example of gender-specific support mechanisms having swift and significant results. For the first time, Israel tops the MIWE as best economy for women entrepreneurs worldwide, advancing from 4th place in 2019. With an ambition to double the number of female entrepreneurs within two years, Israel’s success has been driven by a focused institutional backing for SMEs – its ‘Support for SMEs’ ranking catapulted from 42nd place in 2019, to 1st in 2020. Last year’s strong performers, the United States and New Zealand – although dropping from 1st to 2nd, and 2nd to 4th places respectively – demonstrate that economies with mature gender focused initiatives still out-perform on the global stage through continued focus on advancing conditions for women in business. In both these economies, favourable cultural perceptions of entrepreneurism, the high visibility of female leaders that serve as role models for aspiring entrepreneurs and supportive entrepreneurial conditions play a crucial role in their success. It is noteworthy that the majority of economies (34 out of a total of 58 …

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