Governor of the State Bank of Viet Nam (SBV) Le Minh Hung said the most important thing was to keep macroeconomic stability. Therefore, to control inflation, Hung said the central bank would apply a cautious monetary policy, but not too tight, so as to not affect the economic growth. … [Read more...] about Gov’t keeps macroeconomic targets unchanged despite epidemic
6 policies to support the early childhood workforce
Alongside that, the resolution also stressed on developing fast gas-fired electricity using liquefied natural gas (LNG), making electricity and gas gradually become an important power supply, supporting the regulation of the system. Furthermore, it calls for oil refineries to meet at least 70 per cent of domestic demand for refined petro products. It also touches on developing infrastructure to be able import eight billion cubic metres of LNG annually by 2030. … [Read more...] about Energy strategy fit for private backers
According to iViVu CEO Nguyen Trung Cong, local consumers have provided the bedrock for robust development in the online travel sector. The market, however, remains dominated by foreign players. To boost the market share, local players need to provide something unique that shows a deep understanding of the domestic market and applies disruptive technologies. … [Read more...] about An internet economy: a golden treasure trove?
Take the case of Ms. Nguyen Thi Thanh Dung as an example. Giving up the job of a white-collar officer, she came back to her home in the suburban district of Cu Chi and started up a hi-tech orchid farm of her own. She spent months after months visiting successful orchid farms in the nation to gain more expertise and tips. Then she boldly applied for a preferential loan from her district to buy seeds as well as proper equipment. Thanks to implementing advanced technologies, she is able to save much overhead cost on her 15,000-square-meter farm while earning around VND200-300 million (approx. US$8,618 – 12,920) per month now. Presently, she is researching new automatic systems to spray pesticide for her trees. … [Read more...] about Hi-tech agriculture in HCMC enjoys promising results