Posts Tagged ‘ The economic downturn ’

Seafood likely to net year’s target

November 10, 2009
Seafood likely to net year’s target

LookAtVietnam – The seafood sector expects a rise in exports by the end of the year as the global economy continues to recover. The EU has become the biggest importer of the fish from Viet Nam, making up 41.4% of the market share.Over the last 10 months, the sector earned US$3.48 billion in export revenue, [...]

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Turning negatives into positives

October 31, 2009
Turning negatives into positives

LookAtVietnam – Vietnam has fortified its economy in 2009 through effective economic stimulus measures and is looking at some ambitious socio-economic targets for 2010. Many enterprises have prospered during the global economic downturn, while many regional competitors have struggledMany enterprises have prospered during the global economic downturn, while many regional competitors have struggled This year [...]

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Dire times for female migrant workers

September 28, 2009
Dire times for female migrant workers

Workers leave Song Than Industrial Park in the southern province of Binh Duong. In the lingering impact of the economic downturn, thousands of female factory workers must accept abysmal pay and conditions or join the ranks of the unemployed. Nguyen Ngoc Linh is too busy working twelve hours a day to think about finding a [...]

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Emerald Isle

September 19, 2009
Emerald Isle

LookAtVietnam – Unspoilt beaches far from the madding crowd, virgin forests in abundance etc. make Phu Quoc one of the best holiday islands in Southeast Asia. LookAtVietnam – Unspoilt beaches far from the madding crowd, virgin forests in abundance, crystal clear waters filled with colorful coral, and tropical fish make Phu Quoc one of the best [...]

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Vietnamese people optimistic and economical: surveys

August 13, 2009
Vietnamese people optimistic and economical: surveys

LookAtVietnam – In recent surveys conducted by international research firms, Vietnamese people appear as optimistic people who believe in better prospects in the future Indochina Research has finished a survey on the impacts of the economic downturn on the incomes and spending of poor families in some big cities in Vietnam, Laos and Cambodia. The [...]

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Car sales witness positive growth rate for first time this year

August 11, 2009
Car sales witness positive growth rate for first time this year

VietNamNet Bridge – Automobile manufacturers, for the first time, have witnessed positive growth in sales. The automobile market, which became frozen due to the economic downturn and changes in tax policies, has warmed since the Government-initiated demand stimulus package was kicked off.The sales report released by the Vietnam Automobile Manufacturers’ Association (VAMA) yesterday, August 10, showed [...]

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Global downturn hits Asia’s foreign workers

August 10, 2009
Global downturn hits Asia’s foreign workers

Some Vietnamese workers prepare to leave Malaysia early this year after their companies terminated the contract When Anita Gimmi was unable to find work in her native Nepal last year, she borrowed US$1,300 and traveled to Qatar to take up a two-year contract with a cleaning company there. Less than a year later, the 26-year-old [...]

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Gender imbalance stark in crisis impacts, solutions

August 6, 2009
Gender imbalance stark in crisis impacts, solutions

Women have had to inordinately suffer the impacts of the global economic downturn in Vietnam, but solutions have not targeted them. Stimulus policies and other recovery initiatives should specifically address this imbalance, experts said at a seminar in Hanoi Wednesday.Around 83 percent of women of working age are employed in the economic sector and most [...]

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Pay rise shock for firms

July 18, 2009
Pay rise shock for firms

Large firms, already hard-hit by the global crisis, are scrambling to deal with the government’s proposed 15-20 per cent increase in Vietnamese workers’ minimum salaries by early next year.  Many companies have already been pushed to break-point by the economic crisis LookAtVietnam – Large firms, already hard-hit by the global crisis, are scrambling to deal [...]

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Cars a seller’s market as automakers caught napping

July 14, 2009
Cars a seller’s market as automakers caught napping

Customers choose locally assembled cars at a dealership. Car dealerships in Hanoi are making good money as automakers who had ramped down output amidst the economic downturn struggle to meet an unexpected surge in demand. Nguyen Minh Hung, a resident of Thanh Xuan District has just found out that buying a new car was not [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...