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Migrant workers affect economic restructuring of Vietnam


Migrant workers affect economic restructuring of Vietnam
14:36 | 26/04/2021
A very large part of migrant workers are women
The report on Gender issues in domestic migration and economic restructuring in Vietnam carried out by the Central Institute for Economic Management (CIEM) under the support of Aus4Reform and Australian Aid highlighted that the feminisation of migrant workers continues. The ratio of females in migrant labour remains high, despite the decreasing trend.
Researchers from CIEM outlined that the population migration from rural to urban areas is mainly caused by economic demand . In Vietnam, up to 85 per cent of migration decisions involve economic reasons. ....

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Vietnam"s GDP growth could reach 6.76 per cent in 2021-2023


Vietnam s GDP growth could be 6.76 per cent in 2021-2023
At an April 22 Workshop on Making economic recovery and institutional reforms intertwined after COVID-19: Way forward for Vietnam held by the Central Institute for Economic Management (CIEM) with the support of Aus4Reform and the Australian Embassy to Vietnam, Tran Thi Hong Minh, CIEM director general highlighted that even as the world is rocked by the pandemic, Vietnam remains keen on its goals.
Thus, the country continues to pursue breakthrough targets to stabilise the economy, manage inflation, and improve economic resilience. There have been great strides ahead in international economic integration by signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or the EU-Vietnam Free Trade Agreement and Investment Protection Agreement (EVFTA, EVIPA) in 2019. However, there are some obstacles in reforming and managing policies, and implementation. ....

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Toronto beauty brand Deciem selling to Estee Lauder in $2.2 billion deal


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Another one of Toronto s incredibly successful homegrown companies (Deciem) is making waves in the business world today for inking a billion-dollar aquisition deal with a major multinational conglomerate.
Estée Lauder announced on Tuesday that it has agreed to purchase Deciem creator of cult skincare line The Ordinary, among other brands in two phases at a valuation of roughly $2.2 billion.
The acquisition will take place over three years, beginning with Estée Lauder increasing its shares in the Canadian company from roughly 29 per cent to 76 per cent this summer. ....

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The Estée Lauder Companies to Increase Its Ownership in DECIEM


The Estée Lauder Companies to Increase Its Ownership in DECIEM
Tuesday, February 23, 2021 5:31PM IST (12:01PM GMT)
ELC will expand its investment in the company behind fast-growing skin care brands The Ordinary and NIOD, and establish terms for full ownership in three years
 
New York, United States:
 
The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has entered into an agreement to increase its investment in the Canadian-based, vertically integrated, multi-brand company, DECIEM Beauty Group Inc. (“DECIEM”) from approximately 29% to approximately 76% (the “First Phase”). The transaction is expected to close in the quarter ending June 30, 2021. The Estée Lauder Companies Inc. (“ELC”) has agreed to purchase the remaining interests after a three-year period (the “Second Phase”). ....

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