The two states set up the office after talks between North Korean leader Kim Jong-un and his counterpart from the South, President Moon-Jae-in. BBC … [Read more...] about North Korea ‘blows up joint liaison office’ with South
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Nguyen Thi Duy Huong, head of programs at saigonchildren, noted, “Covid-19 has put immense pressure on the financial prospects of many low-income families. According to the United Nations Development Program, withdrawing children from school is one of the approaches that impoverished parents resort to when faced with a crisis. Our Child Development Scholarship program aids underprivileged children to continue schooling so that the financial burden on these families is lessened.” … [Read more...] about Online challenge raises VND440 million to support education of needy children
As many manufacturers globally start to rethink their supply chain strategies to address frailties exposed by the pandemic, Vietnam has remained in a strong position. The country has long been an attractive offshoring destination – its share of labor-intensive manufacturing exports from emerging markets grew 2.2% between 2014 and 2017. It could accelerate, especially if companies increase efforts to diversify their supply chain in the wake of the pandemic. A McKinsey survey of fashion sourcing executives published last month supports this view, with 24% of respondents saying they expect to see an increase in production in Vietnam – more than any other location in Asia. … [Read more...] about Emerging from the pandemic, Vietnam must position itself for recovery
By international standards, Vietnam’s response to Covid-19 was early and drastic. The opposite end of the spectrum is represented by Sweden, which did not have a lockdown or even close its schools. While there is something to be said for keeping a country’s economy and education system running, Sweden did suffer 5,280 Covid-19 deaths. The question of which approach produces the best result will no doubt be the subject of research and continued public interest. … [Read more...] about How did Vietnam dodge Covid-19?
Within the service sector, the contribution of a number of markets make up a large proportion of the increase in total added value during the reviewed period. As such, wholesale and retail increased by 4.3% on-year to make it the largest contributor to the increase in total value added of the economy. This was followed by finance banking and insurance, which went up by 6.78%, whilst transportation and warehouses fell by 3%, with accommodation and catering services down by 20.7%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 2