Vietnam investment

Hanoi (VNA) – Vietnam needs to develop dedicated technical and vocational education and training (TVET) programmes to enable its transition to the fourth Industrial Revolution, increasing worker productivity and the country’s competitiveness, the Asian Development Bank (ADB) says in a new study. The study named “Reaping the Benefits of Industry 4.0 through Skills Development in Vietnam” examines the logistics and agro-processing industries in the country which are both important for growth, employment, international competitiveness, and the fourth industrial revolution. ADB Country Director for Vietnam Andrew Jeffries suggested Vietnam consider new approaches to ensure inclusion and social protection for entry level workers, especially those at risk of job displacement, and those who need upskilling, while applying the fourth industrial revolution technologies. Adequate and timely investments in skills development can help the country not only to harness the … [Read more...] about Vietnam advised to invest more in vocational training

Prime Minister Nguyen Xuan Phuc paid a visit to the Vietnam Association for Victims of Agent Orange/dioxin (VAVA) on January 20, during which he praised the efforts, activeness and creativity of the association at all levels in protecting the legitimate rights of Agent Orange/dioxin (AO) victims as well as caring and supporting them. … [Read more...] about VIETNAM NEWS JANUARY 21

Due to the severe impact of the novel coronavirus (COVID-19) on supply and value chains, the country’s agro-processing industry will need to make adjustments to adapt to shifting consumer behaviour. While logistics are likely to witness a post-pandemic upswing due to the growth of e-commerce and the changing nature of retail, both agro-processing and logistics must embrace digital supply chains. Indeed, they must launch attractive new digital initiatives, with these factors meaning that the need to upskill and reskill local workers is even more urgent. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

John F.G Hannaford, Deputy Minister of International Trade at Global Affairs Canada, said he admires Vietnam’s effective response to COVID-19 and affirmed the important role of international cooperation amid the pandemic. Vietnam’s maintenance of an open supply chain for essential goods and services has supported uninterrupted trade flows between Canada and Southeast Asia, he said, stressing that Canada commits to intensifying its trade ties with Vietnam. Canada sees big opportunities for cooperation in the fields of food processing, agriculture, education, information and communications technology, and infrastructure in Vietnam, and hopes to attract more investment from the country, he added. Speaking at the webinar, Deputy Minister of Industry and Trade Do Thang Hai said that Vietnam can be viewed as a “centre of FTAs”, with several major and important agreements signed recently, such as the CPTPP (representing 13 percent of global GDP), the EU-Vietnam Free … [Read more...] about Vietnam, Canada need to take advantage of CPTPP

Doctor Pham Sy An from VIE said Viet Nam's GDP growth was reported at 2.9 per cent, the lowest figure since the beginning of the Renewal era in 1986. This, however, could still be considered a significant achievement against a backdrop of a reeling global economy due to the COVID-19 pandemic, which sent major economies including the US (-5.9 per cent), the EU (-7.5 per cent) and the UK (-6.5 per cent) nosediving into negative territory. … [Read more...] about Vietnam eyes strong recovery from pandemic this year