brave-ledger-verification=c6e7ae9820dff1923729e2a580efb43dfca7423b9cad80885864c1acc8eb2a22

Tag Archive for ‘Social’

Vietnam PM supports maximized decentralization for Ho Chi Minh City

Prime Minister Nguyen Xuan Phuc has emphasized the need to maximize delegation to Ho Chi Minh City to facilitate its development, by allowing the southern economic hub to perform several tasks under the power of ministry and Government levels in the area. On Wednesday, at the Government headquarters in Hanoi, the PM hosted a working […]

Vietnamese catfish exporters need to unite as exports face trade barriers

Analysts say that Vietnamese catfish exporters are willing to ‘fight to the death’, but they refuse to band together to discuss solutions to settle common problems. Duong Ngoc Minh, called the Catfish King, chair of Hung Vuong JSC, deputy chair of VASEP (Vietnam Association of Seafood Exporters and Producers ) and chair of the Fresh […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

Viettel to launch Myanmar 4G network

The Military-run telecom group, Viettel is expected to offer the world’s first 4G Only network in Myanmar in the first quarter of 2018, marking its first steps in the country. The joint venture – MyTel was granted a licence at the beginning of the year. However, Viettel has pursued the market since 2002. Viettel planned […]

Vietnam consumer confidence at record high: Nielsen study

Vietnam ranks the fifth most optimistic country globally with an index score of 117 in the latest Consumer Confidence Index released by Nielsen, its highest score in the past five years and up five points from the last quarter of 2016. The report also finds that consumers in Southeast Asia continue to be among the […]

Vietnam minimum wage hikes seen sending production costs soaring

The forthcoming spikes in the region-based minimum wages are expected to improve workers’ incomes but production costs in labor-intensive industries will certainly pick up. The Ministry of Labor, Invalids and Social Affairs, which is drafting a decree on the region-based minimum wages, proposes a wage increase of 6.5%, or VND180,000-230,000 a month, which would go […]

Raising Vietnamese export brands

Accelerating exports to the markets that Vietnam has signed free trade agreements (FTAs) with, improving product quality and making a difference for products are the main ways of helping Vietnamese enterprises increase their exports in the current climate. According to Nguyen Phu Hoa, Deputy Head of the Ministry of Industry and Trade’s Import and Export […]

Who receives highest pay in Vietnam?

VietNamNet Bridge – Hundreds of millions of dong are paid to the CEOs who work in the “hot business fields” such as finance and banking, power and oil and gas. CEOs in state owned conglomerates receive tens of millions of dong How much the CEOs of Petrolimex (petroleum importer and distributor) and EVN (the Electricity of Vietnam) receive for their jobs every month is the thing that most people are interested in. EVN’s General Director Pham Le Thanh once revealed that the average pay to EVN’s workers in 2009 was 7.3 million dong, saying that this was a modest pay level. In…

Vietnam Luxury Product Companies Optimistic Amid Low Sales

A street vendor walks past a Chanel store at the Rex Hotel in downtown Ho Chi Minh City Luxury product companies are expanding even as sales contract amid the economic slump, with economists citing the potential of Vietnam’s large young population and the newly rich to fuel more consumption. Notices offering discounts of up to 50 percent on all items can be seen at most shops at Vincom Tower, Parkson or Grand Plaza in Hanoi, where Italian shoes and French perfumes are sold to the urban middle and upper classes. But the stores are vacant save for a few sales people…

Phu Quoc Island Determined to Become Special Economic-Administrative Zone

Kien Giang has proposed recommendations to the Government on the application of mechanisms and policies with a view to turning Phu Quoc Island into a centrally-run, special economic-administrative zone by 2020. The province has submitted its proposal to the Prime Minister to request the Politburo to issue a resolution on the development of Phu Quoc Island as to 2020. For sectoral development planning, focus will be laid on review and amendment of the planning to make it responsive to the master planning approved by the Prime Minister. Also, the province will be entitled to flexible mechanism, which allows adjustment of…