The local agriculture and food company has announced its plan to purchase over 7.7 million shares of Bibica JSC, seeking to bolster its holdings at the confectionery company to 100 per cent to broaden its entire production infrastructure and productivity.
Technology is booming and chief financial officers need to utilize the opportunities from new trends, especially for young economies like Vietnam, in order to ensure growth, productivity, and cost reduction, according to Chairman of the International Association of Financial Executives Institutes (IAFEI) Fausto Cosi.
Aging population, one of the four specific megatrends impacting on Vietnam, has many negative implications for Vietnam’s labor supply, long-term productivity growth, pension and social assistance system, according to country director of the World Bank Group in Vietnam Ousmane Dione.
The economic structure has not been shifted and investment resources are being shifted mostly into the old and low value-added sectors, which are reflecting a distortion in Vietnam's labor productivity, according to Nguyen Duc Thanh, Vietnam Institute for Economic and Policy Research's president.
According to Prof. Tran Van Tho, a member of the Prime Minister's Economic Advisory Group, over the past ten years, state-owned enterprises (SOEs) have wasted too much, which made the average labor productivity lower.
Umeda Kunio, Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam, said that Vietnam needs to improve productivity and competitiveness of government in the context as today.
Vietnam Development Forum (VDF) held in Hanoi today focused on productivity growth, a key requirement for Vietnam's medium-term development prospects.
Viet Nam has low average incomes, a rapidly aging population and low labor productivity, and it is running a risk of becoming a society defined by "modest wealth, old age and high debt”.
At the workshop where the results of the study on “Wages and Labor productivity in Vietnam” were published, experts share different views on this issue.
