The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas to improve the competitive edge of the agricultural products amidst deeper international integration.
To achieve a high-income status by 2045, Vietnam needs to accelerate productivity growth as the workforce's contribution to growth is expected to decline and later turn negative because of the country’s population ageing, said Andrea Coppola, Lead Country Economist and Programme Leader for Equitable Growth, Finance and Institutions in Vietnam, Cambodia and Laos.
To improve Malaysia’s competitiveness, the country must double down on efforts to improve productivity, the essence of competitiveness, said scholar John Antony Xavier.
The Vietnam General Confederation of Labour (VGCL), the sole representative of Vietnamese worker's interests and unified trade union organisation in the country, has for the second time this year called on the Government to reduce the weekly working hours for the private sector workers from 48 to 44, and eventually to 40 hours per week.
Digital transformation is a new process of reimagining business activities in the digital age and many businesses in Malaysia have made digital transformation commitments, according to Lim Boon Choon, President of Hexagon Manufacturing Intelligence for the Republic of Korea, Association of Southeast Asian Nations (ASEAN) and Pacific.
For generations, the Red Cờ Lao, one of Vietnam’s various ethnic minority groups, have lived in villages on the slopes of the Tay Con Linh mountain range in the northern province of Ha Giang. Their cultural values have changed over times, but some of them have been preserved to this day.
Hanoi posted a total aquaculture output of over 25,000 tonnes in the first quarter of this year, a year-on-year increase of 2.1% despite the aquaculture growing areas remaining at 24,000 ha.
The 705 International Cooperation Company under the Military Region 2, Vietnam's Ministry of National Defence, on March 24 handed over 10 tonnes of rice seeds, worth 18,290 USD to the northern Lao province of Oudomxay to help Lao farmers develop their economy.
With Vietnam looking to become a digital powerhouse in the near future, more investment should be channeled into human resources development to improve its ability to adopt advanced technology, said Country General Manager of IBM Pham Thi Thu Diep.
The Australian government has announced its support for Vietnam to carry out research on the effects of technology innovation on productivity and economic growth in the country, according to the Embassy of Australia in Vietnam.
The Indonesian Industry Ministry is drawing up strategic steps to speed up transformation toward the Fourth Industrial Revolution in the manufacturing sector, Antara News reported.
The Fourth Industrial Revolution could increase Vietnam’s GDP by between 28.5 billion USD and 62 billion USD by 2030, equivalent to a rise of 7-16 percent, according to the Central Institute for Economic Management (CIEM).
Despite lacking a college or university education, farmer Pham Van Nhut in Mekong Delta province of Ben Tre has made great contributions to agricultural development in his community.
To achieve sustainable development, Vietnam’s agriculture sector must improve productivity and quality, and identify markets for its products, experts said at a conference held in Ho Chi Minh City on January 18.
Optimising all opportunities, even the smallest, to create development breakthroughs is one of the central tasks set for the Ministry of Planning and Investment in 2019, Minister Nguyen Chi Dung has said.
The fourth industrial revolution brings opportunities but also challenges for traditional craft villages in Vietnam, a truth evident to both experts and local households.