Soes

This means that 91 SOEs failed to complete the privatisation plan. Among them, 13 were under the management of Hà Nội People’s Committee, 38 under HCM City, six under the Committee for Management of State Capital at Enterprises and four under the Ministry of Industry and Trade. … [Read more...] about Privatisation plan missed, pressure to improve SOEs efficiency

However, some analysts have raised concerns that the model is quite new to Việt Nam as the “super agency” would have to manage a gigantic amount of State capital in the large-cap SOEs, which are leading their industries in particular and the Vietnamese economy in general. — VNS … [Read more...] about New agency to run $222b State capital

The first shift is what we call “education for employment” – in other words, making sure that the skills needed in the workforce are taught in schools. We observe that despite having an excellent early education system, many workforce-ready talents in the country lack the necessary skills that employers need to grow their businesses and eventually develop the economy. We could start by solving these questions: how do we help higher education system produce enough highly-skilled engineers, technical experts, and managers to feed the economic growth; how do we involve key employers in the country in shaping this path; what could Government do to facilitate a convergence of the supply and demand for skilled workers? … [Read more...] about The right structural adjustments help Việt Nam achieve long-term growth aspirations

Investment in education could raise skill levels in the workforce as part of initiatives to increase productivity, which lags behind that of Vietnam’s regional peers and has plateaued, despite positive economic growth and ongoing competitiveness in labor costs. A higher-skilled workforce could attract manufacturers exploring Industry 4.0 technologies and help to move the country up the value chain into more productive and higher-earning areas. … [Read more...] about Right adjustment could help Vietnam back as high-performing economy: McKinsey

The National Congress, held every five years, will choose the country’s new leadership and set socio-economic goals for the next 5-10 years. All eyes will be on who the next “four pillars” will be, namely who will fill the top four positions: party general secretary, prime minister, state president, and chair of the National Assembly. … [Read more...] about How the most prominent political event in Vietnam in 2021 could affect its economy