Other Briefings
New Initiative to Improve Work Conditions for Apparel Firms
Aug. 4 – A new initiative, Better Work Vietnam, launched this month aims to help apparel firms improve work conditions for their employees. The service is being offered by the International Finance Corporation in partnership with the International Labor Organization in the country’s southern provinces. t will allow apparel companies to have their business assessed […]
Vietnam Attracts US$10 Billion Worth of FDI for First 7 Months
Jul. 30 – According to the Foreign Investment Department, Vietnam attracted US$10.1 billion of foreign direct investment during the first seven months of the year. The agency says that FDI is on course with its aim to attract US$20 billion in FDI capital with a disbursement of US$8 billion by the end of the year. […]
Ministry of Labor Announces New Penalties for Employers
Jul. 28 – Vietnam’s Ministry of Labor, Invalids and Social Affairs has released a new draft of rules that address the mistreatment of employees. If the draft is approved, companies will be fined up to VND5 million if salaries are not paid in full or delayed without compensation. A fine of VND3 million will also […]
Vietnam Commits US$200 Million for Cambodian Banking, Airlines
Jul. 27 – Vietnam has confirmed that it will invest a total of US$200 million for Cambodia’s airline and banking industry. The national carrier, Cambodia Angkor Air, will be a joint venture between Vietnam and Cambodia. Vietnam has agreed to provide US$100 million that will be invested within 30 years. “Vietnamese side has invested US$100 […]
South Korea’s Top Retailer to Open Branch by 2013
Jul. 24 – South Korea’s top retailer, Lotte, has confirmed that it will be expanding to the Vietnamese market when it opens its first branch in 2013. The Lotte trade center will be located in Hanoi in partnership with the Coralis SA Company and spanning 65 floors. The building itself will cost an estimated US$280 […]
Two Japanese Firms Banned for Collapsed Bridge
Jul. 22 – Vietnam’s Ministry of Transport has banned the Japanese firms, Taisei and Kajima, from construction projects in the country for a year because of the collapsed Can Tho Bridge that killed and injured many. The head of the quality control department at the Ministry of Transport, Tran Quoc Viet, told Thanh Nien News […]
Licenses Revoked at Moc Bai Border Gate Economic Zone
Jul. 20 – The southwestern province of Tay Ninh has canceled 22 investment project licenses for the Moc Bai Border Gate Economic Zone hampered by delays. Phan Minh Thanh, the head of the zone’s management board, told Thanh Nien News that some of the projects had problems with capital shortages while others were delayed because […]
Vietnam, Russia Launch Trade Website
Jul. 17 – Vietnam and Russia are cooperating on a trade website that was launched this week to increase bilateral business. The website is a joint project between the VCCI and the Vietnamese Russian Business Council. It serves as a way for Russian businesses to familiarize themselves with the Vietnamese market and its ensuing business […]
Vietnam Tops Business Confidence Survey
Jul. 16 – A survey conducted by banking company, HSBC, showed Vietnam as having the most optimistic small and medium-sized enterprises (SMEs) in the region. The HSBC Emerging Markets Small Business Confidence Monitor tallied the answers of more than 3,400 SMEs in Asia, Latin America and the Middle East. Respondents in the Asian region included […]
Can Tho City Reports Fastest GDP Growth
Jul. 15 – Can Tho City located in Vietnam’s Mekong Delta registered the fastest growth in gross domestic product (GDP) at 7.8 percent followed by Haiphong with 5.8 percent; Danang with 5.1 percent; and Ho Chi Minh City with 4.6 percent for the first half of the year. Hanoi was at fifth place with a […]
