Involving suppliers in new product development
'New normal' adaptation leads to positive forecast for Vietnamese economy in 2022: official
Illustrative photo (Source: VNA) Hanoi (VNA) – The COVID-19 pandemic might not end this year and business sectors could not fully recover, however, the situation will be more positive than 2021 thanks to the adaptation to 'new normal' conditions, said General Director Nguyen Thi Huong of the General Statistics Office (GSO). In an interview with the Vietnam News Agency, Huong said the 2022 growth can be forecast based on such indicators as macroeconomics and major balances of the economy, creating a premise for more flexible and efficient fiscal and monetary policy management. According to her, the post-pandemic economic development and recovery programme offering support packages through fiscal and monetary policies will be an opportunity for businesses and people to quickly recover from the pandemic. Domestic demand will recover and increase gradually, as a proper part of the population have been fully vaccinated. In the context of the epidemic, many industries and … [Read more...] about 'New normal' adaptation leads to positive forecast for Vietnamese economy in 2022: official
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'New normal' adaptation leads to positive forecast for Vietnam economy in 2022
Illustrative photo In an interview with the Vietnam News Agency, Huong said the 2022 growth can be forecast based on such indicators as macroeconomics and major balances of the economy, creating a premise for more flexible and efficient fiscal and monetary policy management. According to her, the post-pandemic economic development and recovery program offering support packages through fiscal and monetary policies will be an opportunity for businesses and people to quickly recover from the pandemic. Domestic demand will recover and increase gradually, as a proper part of the population have been fully vaccinated. In the context of the epidemic, many industries and fields have turned to the application of information technology, creating new production and business forms that integrate technology to achieve higher productivity, quality, and efficiency. In addition, major trade partners of Vietnam are on their ways toward recovery, pushing for stronger transactions in the near … [Read more...] about 'New normal' adaptation leads to positive forecast for Vietnam economy in 2022
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Hanoi welcomes 143 Japanese visitors on New Year holiday
January 4, 2022 by en.vietnamplus.vn
Hanoi welcomes 143 Japanese visitors during the New Year holiday. (Photo: VNA) Hanoi (VNA) – Hanoi has welcomed the first international flight from Tokyo, Japan, with 143 passengers on board of 2022, according to the municipal Department of Tourism. The department reported that the capital city served about 60,000 tourists, mainly domestic visitor s, in the three-day New Year holiday from January 1-3, down 49 percent year-on-year. Due to the complicated developments of the COVID-19 pandemic, relics sites in Hanoi have not yet re-opened. However, museums and parks have welcomed back visitors. Japanese visitors at Noi Bai International Airport in Hanoi. (Photo: VNA) Tourist attractions that draw a large number of visitors during the holiday included the Vietnam National Village for Ethnic Culture and Tourism in the Dong Mo tourism area in Son Tay town, the Ba Vi National Park and the Tan Da tourism site in Ba Vi district, and the Thien Duong Bao Son Park in … [Read more...] about Hanoi welcomes 143 Japanese visitors on New Year holiday
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Viet Nam Environmentally Friendly Products Manufacturers Association set up
Members of the Excutive Committee of Viet Nam Environmentally Friendly Products Manufacturers Association (EPMA) for the term 2022-27. — Photo courtesy of EPMA The Viet Nam Environmentally Friendly Products Manufacturers Association (EPMA) for the term 2022-27 was officially established on Sunday, aiming to improve the competitiveness and efficiency of environmentally friendly product production and distribution. EPMA is a voluntary social – professional organisation gathering many enterprises operating in the field of research, development, investment production and trade in products from raw materials of natural and biological origin, which are renewable, recyclable and do not harm the environment. Pham Anh Duong, An Phat Holdings chairman of Board and head of the campaigning committee to establish the association, said: "The foundation of EPMA is a significant milestone in the Vietnamese eco-friendly product industry evolution. This is a common house where members can … [Read more...] about Viet Nam Environmentally Friendly Products Manufacturers Association set up
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Thousands strike work after Nike supplier cuts Tet bonus
January 8, 2022 by e.vnexpress.net
They refused to return to work after finishing their lunch to protest the company's policy to pay less bonus than last year for the coming Tet (Lunar New Year) festival. Tet, the most important Vietnamese festival, falls early February this year. The workers stood on national road 1K in front of their factory's entrance, causing traffic congestion for hours. The strike affected others and all 14,000 workers of the factory in Bien Hoa Town, southern Dong Nai Province, stopped working. A mobile police team was dispatched to maintain order in the area. A female worker said that the company had announced Thursday that employees who have worked for it a full year or more will be given Tet bonuses of 1-1.54 months' salary – around VND5 million ($217) to nearly VND20 million. The highest i bonus in 2021 was 1.87 months' salary, and in previous years, 2.2 months. "With this (coefficient), workers' Tet bonus in 2022 will be lower than before," she added. A Pouchen … [Read more...] about Thousands strike work after Nike supplier cuts Tet bonus
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Overcoming hardships by boosting trade and production
January 7, 2022 by vir.com.vn
Experts and the government highlighted many encouraging outcomes reaped in the macroeconomic picture in 2021 last week, when they assessed the economic situation for the year. "Thanks to the government's flexible policies on controlling COVID-19 and ensuring social security, and the great consensus and solidarity of all units, agencies, and localities, as well as the sharing and support of enterprises and all people from all walks of life, economic activities in Q4 and the whole 2021 have been bouncing back," said Nguyen Thi Huong, general director of the General Statistics Office (GSO). According to the GSO, the economy is estimated to grow 5.22 per cent on-year in Q4, higher than the on-year 4.61-per-cent rise in the corresponding period last year. The growth rate for the whole of 2021 is estimated to be 2.58 per cent – with the rate of 4.72 per cent for Q1, 6.73 per cent for Q2, and -6.02 per cent for Q3 due to serious resurgence of COVID-19, which made heavy dents in all … [Read more...] about Overcoming hardships by boosting trade and production
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