Viet nam or vietnam

/ March 5, 2021

Việt Nam, Venezuela seek to beef up friendship

Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh during the talk with his Venezuelan counterpart. — Photo from the Ministry of Foreign Affairs HÀ NỘI — Venezuelan Minister of Foreign Affairs Jorge Arreaza has affirmed that his country always attaches great importance to and wants to strengthen the comprehensive partnership with Việt Nam. During his virtual talks with Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh on Friday, Arreaza congratulated Việt Nam on the success of the 13th National Party Congress, while praising the country’s efforts in fighting the COVID-19 pandemic as well as in maintaining economic growth. Minh detailed Việt Nam’s situation and the outcomes of the 13th National Party Congress as well as the country’s COVID-19 response measures and solutions to promote socio-economic development and ensure social security. He said Việt Nam supports efforts by the constitutional government of Venezuela to promote political dialogue based on respecting Venezuela’s Constitution and the aspirations of Venezuelan people, thus solving difficulties and boosting socio-economic development. The two officials focused their discussion on measures to enhance the friendship between the two countries. The two sides agreed to maintain mechanisms to promote co-operation, especially the Việt Nam-Venezuela Intergovernmental Committee for Cooperation and the Political Consultation between the two Ministries of Foreign Affairs. They also decided to increase exchanges between ministries, sectors and businesses, and foster trade and investment ties in areas of mutual interest such as agriculture, oil and gas, health, commerce, culture, and sports and tourism. The two sides pledged to promote people-to-people exchanges and the operation of friendship associations. Việt Nam and Venezuela also agreed to enhance the exchange of views on international and regional issues of shared …

/ August 27, 2020

IFC promotes employer-supported childcare in Vietnam to boost workforce efficiency

The Hanoitimes - With a projected contraction of the nation’s labor force by 5% by 2040 due to an aging population, the challenge for manufacturers will be to attract and retain quality workers. Providing childcare for employees has a positive impact on Vietnamese businesses, improving recruitment, retention, and worker productivity, according to a report released today by IFC, a member of the World Bank Group. The export-oriented manufacturing sector has been a key driver of economic growth and job creation in Vietnam, particularly for women who make up over 80% of the sector’s labor force. The business benefits of employer-supported care in Vietnam. Source: IFC. While the global Covid-19 pandemic has impacted demand, the manufacturing industry is well-positioned for the recovery and further growth. With a projected contraction of the nation’s labor force by 5% by 2040 due to an aging population, the challenge for manufacturers will be to attract and retain quality workers. Offering childcare support to working parents can be part of the solution to attracting and retaining workers in Vietnam’s tightening labor market, according to a new IFC report Tackling Childcare: The Business Case for Employer-Supported Childcare in Vietnam. Many employees interviewed in this study consider employer-supported childcare — especially on-site facilities — among the decisive factors in choosing a job. “IFC research reveals a gap between the need for and the supply of childcare in Vietnam. Employers can play a role in addressing this gap, not just by directly providing care, but by creating family-friendly workplaces that help employees combine productive work with parenting,” said Kyle Kelhofer, IFC Country Manager for Vietnam, Cambodia, and Lao PDR. “When schools and daycares closed during the Covid-19 pandemic, it became clear how closely linked productivity is to childcare. We cannot forget that as we head into recovery from the Covid-19 …

/ February 5, 2020

Vietnam remains steadfast in 2020 GDP growth target of 6.8% despite nCoV: PM

The Hanoitimes - Revising down the growth target is not the right mindset at the moment, said Prime Minister Nguyen Xuan Phuc. Vietnam remains steadfast in determination to reach the GDP growth target of 6.8% for 2020 although the ongoing outbreak of the new coronavirus (nCoV) is having a direct impact on the economy, according to Prime Minister Nguyen Xuan Phuc. Overview of the meeting. Source: VGP. Strong measures, including the restructuring of economic sectors, are needed to prevent a slowdown in economic growth, said Phuc at a monthly government meeting on February 5, adding adjusting the growth target is not the right mindset at the moment. In the first quarter, the country’s GDP growth could slow by one percentage point, while adversities surrounding the Chinese economy would continue to impact Vietnam, Phuc asserted. Regarding this issue, Minister of Planning and Investment Nguyen Chi Dung said the epidemic is expected to directly hit Vietnam's exports, particularly shipments of agricultural products, fisheries, textile, phones and spare parts. Meanwhile, the number of foreign tourists coming to Vietnam would decline due to the suspension of visa issuance to Chinese nationals and fear of the virus. Dung added that indirect impacts would spread among agricultural production, industrial sectors and investment activities, among them, the agricultural sector would suffer the most, particularly such commodities with high export volume to China as vegetables, seafood and agricultural products.. “A growth target of 6.8% in 2020 is very challenging,” stated Dung. A representative of the Ministry of Industry and Trade (MoIT) said the impact from the epidemic on Vietnam is inevitable, given the close economic linkage between Vietnam and China. The extent of impact of the outbreak on Vietnam's economy, however, would depend on how long it would last. According to the MoIT, all impacts are currently just temporary. However, if the …