Digital economy

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”. In its bi-annual report, the lender said: “Vietnam needs a workforce with 21st century skills to grow. As the economy moves from being driven by low skill and low wage jobs in manufacturing and services towards a more innovation driven growth model built on higher value-added industries and services, Vietnam ’s workforce will need to attain higher level and more relevant skills.” The Vietnamese Government’s Socio-economic Development Strategy for 2021-2030 says as much, aiming to use scientific, technological, innovative, and digitally transformative knowledge and build quality human resources as key drivers of higher productivity and future economic growth. To achieve these goals, Vietnam needs to reform its education system … [Read more...] about Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB

Prime Minister Pham Minh Chinh (center) speaks at the event. (Photo: VNA) Addressing the event that gathered more than 130,700 delegates nationwide, Chinh, also Chairman of the National Steering Committee on Digital Transformation, said the project aims to organise public services to serve the people through a digital environment. The Government leader stated the difficult and far-reaching work requires great concentration, determination, and efforts coupled with drastic actions. As heard at the function, the Government has so far held 16 meetings, issued one decree, one dispatch, and seven notifications, with four resolutions of its regular meetings involving directions on the project. At the event (Photo: VNA) As per Project 06, within this year, the old and new versions of citizen IDs will be integrated, enabling the e-identification of all citizens. The connection and sharing of data between the national population and tax databases are expected to complete in the … [Read more...] about PM chairs conference reviewing digital population data project

According to Hanoi-based VNDIRECT Securities JSC, the following five sectors deserve investors’ attention in the second half of this year. As Vietnam reopened the tourism industry in mid-March, the demand for food, accommodation, travel, and entertainment has rebounded. The stock firm views businesses operating in aviation, food and accommodation provision, and travel and entertainment services like ACV or AST with upbeat prospects. High export growth pins investors’ expectations on export-oriented sectors Second is the group of businesses beneficial amid a higher interest rate environment, including banks, insurance firms and those keeping huge available cash volumes like FPT, GAS, MBB, VPB, and TCB, among others. The third is the group of milk and food makers like VNM or MCH which can expect high growth prospects when the price of their relevant input materials such as full-cream milk powder, corn, and sugar is expected to be abated. Fourth is the group of … [Read more...] about Weighing ticker appeal for remainder of 2022

The annual ASEAN event, which is jointly organized by ASEAN nations, aims to boost regional e-commerce with a focus on commercial transactions. The ASEAN Online Sale Day 2022 kicked off today on www.onlineasean.com , with the participation of nearly 200 registered enterprises operating on digital platforms in Vietnam. ASEAN Online Sale Day 2022 kicks off on August 8. Photo: onlineasean.com On the 55th anniversary of ASEAN's founding, ASEAN's largest online shopping day is hosted by Vietnam, Singapore, and Cambodia, which is the chair of ASEAN 2022. Through the ASEAN Online Sale Day, ASEAN members hope to provide consumers and companies in ASEAN nations with a secure and beneficial environment for online shopping with high-quality items. The event comprises two tiers for domestic and cross-border transactions. Reputable e-commerce businesses and platforms in the ten ASEAN countries will launch a series of special discount shopping programs for consumers … [Read more...] about ASEAN Online Sale Day 2022 kicks off

The university ranked 183rd in Asia and 14th in Southeast Asia on the list of Webometrics that is published twice a year. The Vietnam National University-Hanoi (VNU-HN) is ranked 758th in the latest Webometrics Ranking of World Universities, leaping 186 places from the previous list, the Cybermetrics Lab of the Spanish National Research Council announced this week. Accordingly, the VNU-HN stood in the 183rd position in Asia and the 14th in Southeast Asia in the Webometrics list, which is published twice a year. Students of the VNU-HN are studying in the laboratory. Photo: Minh Kien Webometrics assesses the digitalization capacity and impact of higher education institutions’ academic resources based on the volume of the website content, the visibility and impact of their website publications, the openness of academic resources on Google Scholar, and the number of citations they received on the Scopus database. The fact that UNV-HN has risen from 1,316th … [Read more...] about Hanoi university makes it to Webometrics 800 ranking

Travel businesses will concentrate on niche markets rather than traditional markets such as South Korea or Japan. Vietnam’s travel businesses should turn to less explored markets such as Mongolia, India, the Middle East and South America to restore and develop inbound tourism in Vietnam. Local travel businesses attend the event. Photo: baocongthuong This is one of the suggestions given by Nguyen Anh Tuan, Director of the Institute for Tourism Development Research at the 2022 National Travel Forum with the theme “Solutions to restore and develop inbound tourism in Vietnam” on August 8 in Ho Chi Minh City. Tuan pointed out some international tourism trends in Vietnam in the new context, in which travel businesses need to pay more attention to the niche markets. Being of the same mind, Nguyen Thien Phuc, Director of Product Research & Development at Vidotour Indochina Travel, said in the context that traditional markets have not recovered, especially the … [Read more...] about Vietnamese tourism looks at niche markets

The index closed 2.1 points up after gaining 4.01 points Monday. Trading on the Ho Chi Minh Stock Exchange rose marginally to VND15.97 trillion ($682.8 million), marking the ninth straight session above the VND15-trillion threshold. The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain. HPG of steelmaker Hoa Phat rose 2.1% to a two-month high. NVL of property developer Novaland gained 1.8% to the highest since April 14. It have risen 13% in nine recent sessions. Other gainers were VIC of Vietnam's biggest conglomerate Vingroup, up 1.1% and VJC of budget carrier Vietjet, up 1%. Thirteen tickers fell, led by VCB of Vietcombank with a 1.5% loss. It was followed by VHM of property developer Vinhomes, down 1%, and PLX of fuel distributor Petrolimex, down 0.8%. Foreign investors net sold for the third straight session to the tune of VND70.27 billion. They mainly sold HPG, VNM of diary giant Vinamilk, and VHM. The HNX-Index at the Hanoi Stock … [Read more...] about VN-Index nears two-month high

Illustrative image (Source: Reuters) Kuala Lumpur (VNA) - Malaysia is on the road to recovery in terms of headline economic numbers, but Finance Minister Zafrul Abdul Aziz has warned of risks to the recovery amid an uncertain global economic outlook. He said the numbers speak for themselves as Malaysia had a strong first quarter this year, with gross domestic product ( GDP ) growth of 5%, and is on track to achieve a GDP growth rate of 5.3 to 6.3% in 2022. Meanwhile, the unemployment rate dipped to 3.9% in both May and June 2022, showing a declining trend for 14 consecutive months now, he said in his opening keynote address at the Malaysian Student Leaders Summit XVI 2022 on August 8. The minister said Malaysia’s trade performance has also remained resilient, maintaining its growth momentum as trade data showed double digit growth for 16 consecutive months since February 2021. However, he said Malaysia is also facing risks and challenges to recovery such as the … [Read more...] about Malaysian finance minister warns of risks to recovery

Argentinian Deputy Foreign Minister Pablo Tettamanti  (third, right) and ambassadors of ASEAN countries at the ceremony. (Photo: VNA) Buenos Aires (VNA) – The embassies of Association of Southeast Asian Nations (ASEAN) member countries in Argentina, including Vietnam, Thailand, Indonesia, the Philippines and Malaysia, in coordination with the Foreign Ministry of the host country, held a ceremony to mark the 55th founding anniversary of ASEAN on August 8. Addressing the event, Vietnamese Ambassador Duong Quoc Thanh, rotating Chair of the ASEAN Committee in Buenos Aires , reviewed the foundation and development of the ASEAN since 1967, highlighting the association’s success in maintaining peace and stability in the region, creating a favourable environment for cooperation and development of all member countries. With a population of more than 650 million and GDP of about 4 trillion USD in 2021, ASEAN is the most promising and dynamic market in the world, he said. Ambassador … [Read more...] about ASEAN founding anniversary celebrated in Argentina, Mexico