Rules under foreign exchange management act

By 2025, the province will draw official development assistance (ODA) and preferential loans, especially non-refundable aid, for socio-economic development in ethnic minority areas based on demand and potential and on the principle of preserving and upholding traditional cultural identities and protecting the environment. It will give priority to dealing with shortages of land, housing, and water for daily use among ethnic minority households; and developing agro-forestry and investing in key infrastructure, education, scientific research and technological transfer in production connectivity models via value chains. Further attention will also be paid to healthcare, child malnutrition prevention, gender equality, and addressing urgent problems faced by women and children. Vice Chairman of the provincial People’s Committee Phan Thanh Duy said the province will work closely with the Central Steering Committee on the National Target Program on Socio-Economic Development in Ethnic Minority Areas, the Coordinating Office of the program, and ministries and agencies to identify demand for international investment and ensure openness and transparency. It will also offer all possible support in terms of policies, mechanisms, land, and human resources to facilitate foreign investment. Priority will be given in site clearance, vocational training, the implementation of signed international agreements, conventions and contracts, and the expansion of international cooperation, to seek new partners. Each year, the province will add more capital to build projects, hold exchanges with stakeholders, and raise funds from domestic and foreign sponsors for the effort. Source: VNA …

[Read more...] about Bac Lieu attracting foreign investment to ethnic minority areas

The Hanoitimes - Many benefactors are giving free meals, face masks and essential items to alleviate the hardships of the destitute in Hanoi city every day during Covid-19 pandemic time. Times of crisis can often bring out the best in people. The Covid-19 evolution remains unpredictable in Hanoi, thus deeds of many kindhearted Hanoians’ have been of great encouragement for the poor’ hearts in the capital city to overcome the pandemic time. The shining examples not only show kindness of Vietnamese people amid the pandemic, but also surprise a lot of foreigners in Vietnam and in the world. Donation of food and essential items Many benefactors are giving free meals, face masks and essential items to alleviate the hardships of the destitute people in Hanoi city every day during Covid-19 pandemic time. The Hanoi city government has urged shops that sell non-essential goods and provide services to temporarily shut down to prevent Covid-19 from spreading. Although people agreed with the authority move, it has also made life of the poor more difficult, leaving some with no means to earn a living from. Therefore, kindhearted Hanoians have provided food for free to the destitute who have been left with no livelihoods due to the nationwide business shutdown to prevent the pandemic, working under the motto “Take one if you are in hardship. But if you are well, leave it for others" (XQ group). XQ group prepares donations for the poor at a point near the National Institute of Hematology and Blood Transfusion. Photo: Ngan Nguyen Another charity program has been underway in the capital city is “Sharing food every day, together overcoming Covid-19" - “You need it, you take it” to provide free meals to the destitute people. "The enthusiastic support of the community surprises me. Many join my campaign quietly. The pandemic reveals many people in dire situation and need special attention from the community," said Nguyen Phan …

[Read more...] about Charity acts warm the poor’s hearts in Hanoi in pandemic time

The Hanoitimes - The number of Vietnamese women accounts for half of the labor force but less than one-fourth of overall management roles. The percentage of women in management in the foreign-direct investment (FDI) sector is a third of the number of people in leadership positions, the highest (34.1%) compared to the 29.7% and the 20.2% in state and domestic spheres, respectively, according to the latest report. Vietnam’s women account for half of the labor force but less than one-fourth of overall management roles. Photo: ILO A report “Gender and the labor market in Vietnam” by the International Labor Organization (ILO) in Vietnam shows that there is still a gender gap in labor force participation in the country, especially in management level. Uneven distribution of family responsibilities in Vietnam’s society could be the reason behind. The elimination of gender gaps in education has not translated into a comparable narrowing of gender gaps in employment quality, earnings, or decision-making jobs. “They are much more likely to involve in household work than men, and spend twice as many hours on it,” said Valentina Barcucci, ILO Vietnam Labor Economist, lead author of the research. Women spent an average of 20.2 hours per week cleaning the house, washing clothes, cooking and shopping for the family, doing family care and childcare, whereas men spent only 10.7 hours. Close to one fifth of men did not spend any time on these activities at all. Chart: The portfolio of female management in total employment, by sector, 2019 As a result of the pandemic, total working hours dropped significantly in the second quarter of 2020, and recovered through the second half of the year. Women faced the most severe losses, according to the report. The total weekly hours worked by women in the second quarter of 2020 were only 88.8% of the total for the fourth quarter of 2019, compared to 91.2% for men. “Before the …

[Read more...] about Share of female management in FDI highest among Vietnam economic sectors