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Two H’mong ethnic minority women in the northern mountainous province of Lào Cai’s Bắc Hà District. A new report on social mobility and equality shows that ethnic minority groups are still trailing behind the majority Kinh ethnic group in access to skill learning and subsequently better employment. — VNS Photo Việt Thanh Viet Nam News HÀ NỘI – Though Việt Nam’s economy has grown rapidly over the last decade, social mobility is lagging as the country’s poor still lack access to learn new skills and gain better jobs. A new report "Social Mobility and Equality of Opportunity in Việt Nam: Trends and Impact factors” launched by Oxfam on Thursday highlighted the problem and the threat it poses to the country’s sustainable growth. The report consolidates data from the Việt Nam Household Living Standards Survey 2004 -14 and interviews with about 700 people over the last two years in three provinces of Lào Cai, Nghệ An and Đắk Nông in the north, central and Central Highland regions, … [Read more...] about Việt Nam social mobility slowing: report

Chinese contractor responsible for Cat Linh-Ha Dong project’s slow progress The Saigon Times Daily File photo of a train of the Cat Linh-Ha Dong urban railway system. The Chinese contractor has been blamed for the project’s slow progress and cost overruns - PHOTO: VNA HCMC - The slow construction progress and cost overruns plaguing the Cat Linh-Ha Dong urban railway project in Hanoi are mainly due to Chinese contractor China Railway 6 Bureau Group, according to the Ministry of Transport. The ministry has sent a response to the Hanoi delegation of National Assembly deputies regarding a request from voters to clarify the reasons for the delay and those responsible at long-delayed projects, such as the Cat Linh-Ha Dong urban railway project, the local media reported. Accordingly, the ministry pointed out 12 causes for the slow progress and cost overruns of the railway project, including the Chinese contractor’s lack of experience and delays in the mobilization of … [Read more...] about Chinese contractor responsible for Cat Linh-Ha Dong project’s slow progress

Slow disbursement of public capital causes decline in jobs, rise in debt: PM The Saigon Times Daily Prime Minister Nguyen Xuan Phuc speaks at an online national conference held today, September 26. The prime minister said that the sluggish disbursement of public investment capital has resulted in a bottleneck to economic development - PHOTO: VGP HCMC – The slow disbursement of public investment capital has caused a swell in costs, a drop in the number of jobs available and an upsurge in debt in recent years, Prime Minister Nguyen Xuan Phuc said at an online national conference held today, September 26. Speaking at the conference aimed at promoting the allocation and disbursement of public investment capital in 2019, PM Phuc placed emphasis on the importance of public investment. Public investment contributes to the country’s socioeconomic growth, especially infrastructure projects, accounting for 10.7% of the gross domestic product, the local media reported, citing … [Read more...] about Slow disbursement of public capital causes decline in jobs, rise in debt: PM

APEC, OECD to promote trade (15-11-2005) Busan, South Korea — Trade issues have been overshadowing the investment agenda for the 21 Asia-Pacific Economic Co-operation member economies, but the regional trade body now wants to focus more on the area. It hopes to bolster the slow progress with the help of the Organisation for Economic Co-operation and Development (OECD). "The main thing will be an impetus for us to work co-operatively for the next one to two years, and beyond," said Roy Nixon, chief of APEC Investment Expert Group. "It’s a very good relationship and it’s going to get stronger." Experts representing APEC and the OECD gathered yesterday in Busan City Hall to discuss ways to facilitate investment in the region for the first part of the four-day "APEC Investment Opportunities 2005" forum. The two-day "APEC-OECD Investment Seminar" features three general topics on the role of investments in development, greater investment mobility and APEC-OECD … [Read more...] about APEC, OECD to promote trade

PM urges monetary loosening The Saigon Times Daily Prime Minister Nguyen Xuan Phuc (standing) speaks at a monthly Cabinet meeting on March 1 - PHOTO: VGP HCMC - Prime Minister Nguyen Xuan Phuc, speaking at a monthly Cabinet meeting on March 1, told the State Bank of Vietnam (SBV) to direct local banks to expand credit and reduce lending rates for priority sectors this month to fuel the country’s economic growth, the local media reported. The Government leader hailed the country’s positive economic development results in the first two months of the year, especially in trade, industrial production and in the attraction of foreign direct investment. However, he also pointed out several shortcomings, such as the slow disbursement of capital for public projects and the trade deficit. Vietnam is being affected by external factors, including trade tensions between the United States and China, tightening monetary policies by central banks in other countries, China’s slower … [Read more...] about PM urges monetary loosening

A new race down the line By Bach Dong It is estimated that e-payment via cell phones is unavailable to 70-80% of the local population - PHOTO: THANH HOA The Prime Minister has endorsed the use on a pilot basis of telecom accounts for payments of digital content services and small-scale e-commerce. This move may pave the way for Internet service providers to penetrate deeper into the Fintech business. However, industry experts contend that it is advisable to identify as soon as possible the payment modes to be used by service providers based on which the relevant legal framework system is built. Since the detection of the CNC-led online gambling scandal worth trillions of dong last April, the Ministry of Information and Communications (MIC) has considerably tightened the management of scratchcards used to pay for digital content services. The strengthening has exerted marked effect on telecom companies and digital content providers with some claiming sales drops of up … [Read more...] about A new race down the line

Vietnam’s progress mirrored in that of East Asia: WB By Pham Nhat Country Director for the World Bank in Vietnam Ousmane Dione (L, 2) and other delegates are at the 2019 PEMNA Plenary Conference in Quang Ninh Province on May 22 – PHOTO: QUANG NINH NEWSPAPER HCMC – Vietnam is a country on the move, whose progress is broadly mirrored in the progress of East Asia, where several countries have progressed from low-income to middle-income status in the past half century, said Country Director for the World Bank in Vietnam Ousmane Dione at a conference that was opened on Wednesday. Speaking at the eighth plenary conference of the Public Expenditure Management Network in Asia (PEMNA) in the northern province of Quang Ninh from May 22 to 24, Dione said that Vietnam has experienced growth rates of 6.5% on average in the last five years while poverty has fallen from roughly 21% in 2010 to 9.8% in 2016. PEMNA is a peer learning network of public financial management … [Read more...] about Vietnam’s progress mirrored in that of East Asia: WB

HCMC to launch housing app By Le Anh File photo of new residential blocks in HCMC. Residents in the city will be able to use a mobile app to search for property projects in the coming period – PHOTO: LE ANH HCMC – Residents and companies in HCMC can search for information about housing projects before purchasing through a mobile app, which is expected to be launched in the near future. The municipal Department of Construction developed the housing app and put it into pilot operation twice. Once completed and approved by the city government, the app will be launched to the public, Le Tran Kien, deputy director of the department, told a meeting today, June 11. The app will include full information about real estate projects in the city, such as investor information, legal status and construction progress, so that interested investors, companies and customers can check them. Also, information provided to the competent agencies will be available on the app, helping … [Read more...] about HCMC to launch housing app

Vietnam’s economy grows 6.76% in first half The Saigon Times Daily Employees of Vietnamese mobile phone maker VinSmart check VSmart-branded products at the firm's factory in the northern city of Haiphong. The nation’s gross domestic product (GDP) grew by 6.76% in the first six months of 2019, lower than the growth rate in 2018’s January-June period at 7.08% - PHOTO: PHAM VU HCMC – The nation’s gross domestic product (GDP) expanded 6.76% in the first six months of 2019, way below 7.08% recorded in the same period last year. However, this is a positive figure compared with the 2011-2017 period. A socioeconomic report released by the General Statistics Office (GSO) today, June 28, put Vietnam's second quarter GDP growth at 6.71%, with the primary industry expanding 2.19%, the industrial and construction sector 9.14% and the service sector 6.85% over the same period last year. GSO General Director Nguyen Bich Lam said GDP dropped by 0.02 percentage point between … [Read more...] about Vietnam’s economy grows 6.76% in first half

Viet Nam resolves to fulfil its role as chair of ASEAN Leaders vow to build ASEAN community Statement on sustained recovery, development Statement on joint response to climate change Summit debates ASEAN's goals HA NOI — Southeast Asia's effort to improve conditions for women and children was marked yesterday with the Ha Noi debut of the ASEAN Commission for the Promotion and Protection of the Rights of Women and Children (ACWC). In his ceremonial address, attended by 20 members from 10 ASEAN nations, Prime Minister and Chair of ASEAN 2010 Nguyen Tan Dung noted the founding of the ACWC marked an important milestone in ensuring equal development for women and children in the ASEAN Community. "The formation of the commission is considered an important measure that will help to increase social welfare and encourage the participation of women and children when building the ASEAN Community," said the PM. Dung said the commission would champion the wishes of women … [Read more...] about Women, children progress assured