Private sector business

Quang Nam (VNA) – The National Conference on Tourism 2020 themed "Linking, Action and Development" took place in the central province of Quang Nam on November 28, focusing on solutions to recover the tourism industry amid difficulties posed by the COVID-19 pandemic. During the conference, representatives of the World Travel and Tourism Council (WTTC) gave forecasts on new trends in tourism demand in the region and the adaptability of the Vietnamese tourism sector. Meanwhile, representatives from travel firms proposed strategic measures to raise competitiveness of the tourism industry during and after the pandemic, as well as policies to accelerate restructuring of the sector post-COVID-19 pandemic. They discussed how to speed up digital transformation in tourism development as well as proposed cooperation models among investors to further enhance tourism promotion in the coming time. Addressing the event, Deputy Prime Minister Vu Duc Dam asked for doubling efforts to … [Read more...] about Measures sought to revive tourism sector amid COVID-19

Hanoi (VNA) – The 8th patriotic emulation congress of the banking sector, for 2020-2025, took place in Hanoi on November 28 with the participation of National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan. Opening the event, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said between 2015 and 2020, the entire staff of the banking sector have brought into play the traditional solidarity and made efforts to fulfill tasks assigned by the Party and State. The sector has actively engaged in emulation movements launched by the Prime Minister, especially the one on building new-style rural areas, she noted, elaborating that since 2011, 51 of its units have registered to support new-style countryside building in 152 communes of 34 districts in 45 provinces. Outstanding loans for communes nationwide had reached 1.2 quadrillion VND (52 billion USD) as of March 31 this year. Besides, banking institutions have also been supporting the growth of Vietnamese enterprises by … [Read more...] about Banking sector holds 8th patriotic emulation congress

Free trade agreement: In June, Vietnam ratified a free trade agreement with the European Union (EVFTA), becoming the second Southeast Asian state to do so with the 27-country bloc. In mid-November, Hanoi played host to an ASEAN summit where the world’s largest trade pact the Regional Comprehensive Economic Partnership (RCEP) was signed and the country is a signatory. … [Read more...] about How Vietnam weathers global health crisis and rises?

HCM City (VNS/VNA) - Twelve Vietnamese and multinational companies and 10 HR leaders were honoured for their human capital initiatives at the Vietnam HR Awards in HCM City on November 25. The Labour & Social Affairs newspaper and Talentnet Corporation this year launched the 2020 Vietnam HR Awards – special edition to help the business community share examples and valuable lessons in responding to risks that the COVID-19 pandemic posed. After more than six months and three rigorous selection rounds, 10 highly responsive companies and 10 highly responsive HR leaders along with two companies with progressive responses to adversity were chosen for the awards. The winning companies included PNJ, L’Oreal, Pepsico Foods, Techcombank, Avery Dennison RBIS, Robert Bosch Engineering, Unilever, DXC, Gentherm, and Suntory Pepsico. At the event, the winners shared their stories, including real-life scenarios, human resource strategic framework, lessons learnt, and … [Read more...] about Companies, individuals receives HR honours

Bac Ninh (VNA) – An official of Bac Ninh expressed his hope that Sri Lanka will invest in many projects in this northern province, as well as Vietnam as a whole, while receiving a delegation of the Sri Lankan Embassy led by Ambassador Prasanna Gamage on November 27. Informing his guests about local development, Vice Chairman of the provincial People’s Committee Vuong Quoc Tuan said Bac Ninh is among the fast growing localities in Vietnam. This year, its gross regional domestic product (GRDP) is estimated at 121.7 trillion VND (5.2 billion USD, up 1 percent from 2019), industrial production value over 1.1 trillion VND (ranking first in the country), exports 36.5 billion USD (up 7.3 percent), collection for the State budget nearly 29.8 trillion VND (up 1.6 percent from the target), and average per capita income 79.9 million VND (up 8.1 percent). There are 16 industrial parks across the province at present, including 10 already becoming operational and attracting more than … [Read more...] about Bac Ninh invites investment projects from Sri Lanka