The CIEM reported that non-State investment (the private sector) became a driving force for growth in the 2011-2018 period particularly after 2014 when the Government began pursuing drastic renovation and business environment improvement. Directive No. 1792/CT-TTg, dated October 15, 2011 on enhancing the management of investment projects funded by the state and government bond proceeds was the first step in the process of investment restructuring which began from public investment, then in early 2013, developed the master scheme on economic restructuring in combination with the transformation of the growth modal. The CIEM reported that in the 2012-2013 period, social investment experienced a sharp decline and backed on track since 2014, reaching over 33.5% in 2018. Regarding economic components, State investment decreased from 13.5% in 2012 to only 1.43% in 2018. Meanwhile, non-State investment increased from 6.23% to 13.9% in the 2011-2015 period. … [Read more...] about Private sector expands density in total social investment
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Enhancing VN’s position in process of international integration on social security
Enhancing VN’s position in process of international integration on social security At the 35th Board Meeting of the ASSA (ASSA 35) in Khanh Hoa province’s Nha Trang city nearly a year ago, the ASSA members unanimously elected the VSS as the ASSA Chair for the 2018-2019 term. In this new position, the VSS has proactively proposed the adoption of an ASSA Action Plan. This is the first time since its inception in 1998 that the ASSA has agreed to develop and implement a specific action plan to make its cooperation activities more extensive and substantial, commensurate with the potential and strength of ASSA member organizations. Implementing the aforementioned Nha Trang Joint Statement and ASSA Action Plan, during its ASSA chairmanship tenure, the VSS has chaired and coordinated the implementation of a number of specific activities with practical significance. Particularly, the VSS successfully organized an international seminar in Viet Nam under the theme “Good … [Read more...] about Enhancing VN’s position in process of international integration on social security
Social enterprises in need of an ecosystem: expert
Phan Đức Hiếu. — Photo daibieunhandan.vn Việt Nam has witnessed the rise of companies which place social impacts over financial gains. However, The awareness of the Government and community about social enterprise remains limited. Phan Đức Hiếu, deputy head of the Central Institute for Economic Management talks to Nhân dân (People) newspaper about the new business model. Social enterprises are growing in Việt Nam. As an economist, how do you evaluate the model and its potential? The mission of most social enterprises in Việt Nam is to create jobs. They support vulnerable people, while empowering women and young people. Nearly half of leaders at social enterprises are women, higher than the percentage at small and medium enterprises (37 per cent). Việt Nam is witnessing a rising number of social enterprise start-ups – 35 per cent of surveyed companies have come into operation since 2015 and been … [Read more...] about Social enterprises in need of an ecosystem: expert
VIETNAM NEWS HEADLINES OCTOBER 14
Promoting cultural heritage values while developing tourism Thai Nguyen province is home to 17 intangible culture heritages. Local authorities and ethnic minority groups are exerting efforts to promote heritage values in combination with tourism development. The San Chay people of Phú Lương district traditionally celebrate Spring with the Tắc Xình dance. In 2018, the Tac Xinh dance was recognized as national Intangible Cultural Heritage by the Ministry of Culture, Sports and Tourisms. To uphold the cultural values of the heritage, Thai Nguyen’s provincial culture and tourism sector have taken measures to introduce the dance to visitors through festivals, turning it into an attractive tourism product. Currently in Thai Nguyen province, there are more than 800 historical and scenic sites, along with 17 intangible cultural heritage elements at a national level. Many of which have become tourist attraction, contributing to promoting their values such as the … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 14
VN’s first social tourism network launched
The online travel agent Hahalolo launched its first social travel network on Monday. — VNA/VNS Photo HÀ NỘI — Việt Nam’s online travel agent and start-up Hahalolo launched its first social travel site in HCM City on Monday. The site, also an e-commerce platform, enables users to interact online, connecting travel agents, tour operators and retailers with their customers. It operates on the website www.hahalolo.com and mobile app Hahalolo, which is available on iOS and Android operation systems. New technologies will be updated to provide features that meet users’ demands. The start-up project began in 2014 while its trial version was launched in October 2018. Hahalolo’s general director Nguyễn Văn Hạ said the site currently had 500,000 accounts. The social travel site aimed to have two billion users by 2024 and would be listed on the international stock market, he added. — VNS … [Read more...] about VN’s first social tourism network launched