January 8, 2012
Experts say more should be done to eliminate scam taxis after inspections led to the suspension of eleven firms in HCMC and Hanoi An imitation taxi passes foreign tourists near HCMC’s Ben ThanhâMarket. Experts say Vietnam must do more to eliminate illegal taxis that tarnish the image of major cities. Nguyen Chi Hieu hailed [...]
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Posted in Reports | Comments Off
September 3, 2011
A man works at a factory which makes blankets, pillows and mattresses in Ngoc Nu Village, outside Hanoi. The factory had to reduce production this year. Vietnam’s labor market is experiencing yet again its familiar paradox of increasing unemployment and a shortage of workers. The number of people registering for unemployment assistance has increased, while [...]
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August 30, 2011
Dong deposit rates have been capped at 14 percent. Lowering deposit rates will help reduce borrowing costs for businesses, experts said. With improved bank liquidity, Vietnam’s goal of reducing dong interest rates in September may be well within reach, according to local economists. In early August, the State Bank of Vietnam’s new governor Nguyen Van [...]
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Posted in Business | Comments Off
July 10, 2011
Industry stakeholders grapple with falling production, higher costs and low prices Farmers harvest tra fish in the Mekong Delta. A shortage of the fish is expected to recur next month. As many as 147 firms have stopped seafood processing and export to pursue other kinds of business since the beginning of this year, pushed [...]
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Posted in Business | Comments Off
June 1, 2011
Women work at a plastic factory, which makes plastic parts for electronic production, in Que Vo District, outside Hanoi. Constrexim’s main products are interior furnishings like wardrobes, chairs and tables, but the company no longer finds it worthwhile to make them. It has shifted to making semi-finished products, mainly wooden planks, that are sold to [...]
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April 7, 2011
A worker at a garment factory in Ho Chi Minh City’s District 8. Many garment firms have raised salaries in order to retain workers. An increase in orders and higher export prices have helped garment makers offer better salaries and working conditions, but the sector’s labor shortage shows no sign of easing. Many garment firms [...]
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Posted in Business | Comments Off
November 21, 2010
A market management officer seizes products of a direct sales company in Ho Chi Minh City at the end of last year. Yagho Vietnam was found to engage in false advertising related to the health benefits of its jewelry and clothing products. Local authorities say direct sales firms have violated local laws despite fairly recent [...]
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August 3, 2009
A worker packages cooking oil bottles at a factory in Ho Chi Minh City The government should persist with and widen stimulus measures to make a complete recovery from the global economic crisis possible, business representatives said last week. Closing the stimulus package now could âshockâ firms and make their recovery more difficult they told [...]
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Posted in Business, News | Comments Off
March 4, 2009
LookAtVietnam – Though the economic recession is causing lay-offs on the one hand, enterprises in industrial and export processing zones, on the other, are struggling to find workers despite easing work requirements and offering high wages and allowances. Around 19,000 people had been laid off by mid-February but companies are looking to recruit an even [...]
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Posted in Business, News | Comments Off
