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New momentum For over one week now, more than 94% of businesses in the Southern economic hub has resumed their production with over 95% of workers being back to work after Tet holiday. Workers at Go Vap district-based Joint Stock Company 28.1 under the Corporation 28 of the General Department of Logistics, which specializes in garments making, are working with the highest capacity, focusing on orders from the U.S., Australia, and European countries. Working for the company for more than 21 years now, Nguyen Van Hong from Hai Duong province said that good income and policy offered by the company make him feel secure at work. Despite difficulties facing the garment sector due to COVID-19, his company has ensured orders uninterrupted, so workers have resumed work since the beginning of the lunar New Year. In addition, good Tet welfare policy has helped keep workers attached to the company. Senior Colonel Tran Doan Thoan, Director of Joint Stock Company 28.1 informed that the … [Read more...] about Businesses in Ho Chi Minh City speed up production to achieve set targets

HCM City faces a shortage of teachers at all levels of education, according to the city’s Department of Education. HCM City is facing a shortage of teachers in all levels of education. — Photo: sggp.org.vn The situation was mentioned at a press conference on socioeconomic issues and COVID-19 prevention and control in the city held recently. Notably, the education sector is facing difficulties in recruiting teachers at primary and secondary schools. The department has submitted a project to attract human resources for primary and secondary school teachers and retain teachers at schools to the People's Committee of HCM City. In HCM City, the number of students, mainly at elementary schools, is expected to soar by 40,000 each year. Thủ Đức City, District 12, Bình Tân District, Bình Chánh District, and Hóc Môn District, which are in the process of rapid urbanisation, report the highest growth of student numbers. At the beginning of this school year, … [Read more...] about HCM City faces shortage of teacher

I wanted to address my staff on the first working day after the Tet holidays, but instead of writing a speech by myself, I asked ChatGPT to do it by using three keywords: "optimism," "speed" and "resilience." It finished the speech in 15 seconds. It was terrific though I had to edit it a little bit. The AI tool knew how to express my ideas logically based on the keywords I provided. The speech expressed the foundation, the connection between these keywords, and the central point. Moreover, the structure of the speech was excellent, making a reference to the current economic situation and highlighting the key points and conclusions. The writing was coherent, and the wording is suitable for business executives and consultants. ChatGPT by U.S. startup OpenAI is estimated to have reached 100 million active users in January, just two months after launch, making it the fastest-growing consumer app in history, according to a study released on February 1 by analytics firm UBS. This … [Read more...] about What to do with ChatGPT

Vo Tri Thanh *Vo Tri Thanh Viet Nam achieved and exceeded 14 out of 15 targets assigned by the National Assembly for 2022 with many impressive numbers including GDP growth, export turnover and the number of newly-established and re-opened businesses. Only labour productivity was under expectations. Viet Nam’s labour productivity was expected to increase by between 4.7 per cent and 5.2 per cent on average in 2022, higher than the average growth rate of 4.7 per cent in 2021 but behind the target of 5.6 per cent set for the whole of 2022. On January 10 this year, the Government issued Resolution No 06/NQ-CP on the development of a modern, efficient, sustainable and integrated labour market serving quick socio-economic recovery, setting the average labour productivity target for 2023 at more than 6.5 per cent. Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness and living standards within an economy. According to … [Read more...] about Viet Nam wrestles with labour productivity issue when heading to innovation-based development

Workers of Vietnam Electricity check the transmission system. The bracket of average electricity retail prices has been increased to 1,826.22 VND per kWh for the floor price and 2,444.09 for the ceiling price. (Photo: VNA) Hanoi (VNS/VNA) - The bracket of average electricity retail prices has been increased to 1,826.22 VND (0.078 USD) per kWh for the floor price and 2,444.09 VND (0.1 USD) for the ceiling price, according to the Prime Minister’s Decision No 02/2023/QĐ-TTg dated on February 3. Compared to the previous bracket, which has been applied since 2017, the floor price increased by 220 VND and the ceiling price by 538 VND per kWh. The adjustment of the bracket would not immediately impact prices. The bracket and the inspection results of the electricity production and business costs in 2022 would be the base for the Ministry of Industry and Trade to decide on the average electricity retail price for this year. The Ministry of Industry and Trade recently urged … [Read more...] about Average electricity retail price bracket increases

A production line of smart, environmentally friendly sensor products of Hyundai Kefico Vietnam Co., Ltd invested by the RoK in Dai An II Industrial Park, Hai Duong province (Photo:VNA). Hai Duong (VNA) – The northern province of Hai Duong has set a target to attract 400 million USD in foreign direct investment (FDI) in 2023, according to Vice Director of the provincial Department of Planning and Investment Nguyen Duy Hung. The locality licensed five new FDI projects worth 15.8 million USD in January. Meanwhile, 5.6 million USD was added to three existing projects. Hung said that the locality will speed up work on the province's master plan in the 2021 – 2030 period, with a vision of 2050 as a basis for building priority criteria to attract investment projects, especially planning of a key industrial zone for large-scale, modern and environmentally friendly investment projects. It will focus on maximising resources to develop synchronous and modern socio-economic … [Read more...] about Hai Duong targets 400 million USD in FDI in 2023

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Vietnamese Ambassador to Singapore Mai Phuoc Dung has highlighted the significance of Prime Minister Pham Minh Chinh’s coming official visit to the city state, the first among many events to be held in both countries to mark the 50th anniversary of their diplomatic ties and 10 years of the strategic partnership. PM Chinh, his spouse, and a high-ranking delegation of Vietnam are paying an official visit to Singapore from February 8 to 10. Read full story - Two-way trade revenue between Vietnam and Laos in 2022 grew 24% from the previous year to reach some 1.7 billion USD, beyond expectations of their leaders at the 44th meeting of the Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation earlier last year. Read full story - Jeju Air Co., the biggest low-cost carrier of the Republic of Korea, said on February 6 that it will resume many routes to Vietnam … [Read more...] about ☕ Afternoon briefing on February 6