Con dao recruits more tourism personnel as demand rises

Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

Resolution 01 also aims to achieve other important milestones. These include a rise in productivity, a better trained and qualified workforce, and a continued fall in poverty. These are all positive and welcome aspirations which – once achieved – will benefit both local and international business communities. To take just one example: more people with degrees will act as a magnet for more foreign companies to move their business operations to Vietnam, while also benefiting those who are here through up-skilling their potential labour pool. … [Read more...] about New economic priorities for a new year

Export growth and the shifting of manufacturing facilities and supply chains from China are also promoting Vietnam’s economic growth. General Department of Vietnam Customs data show that in the first 10 months of this year, Vietnam’s foreign trade value reached US$440.09 billion, a year-on-year increase of 2.7 percent. Of this total, export value reached US$229.79 billion, up five percent or US$10.85 billion, and import value reached nearly US$210.3 billion, up 0.3 percent or US$661 million. These import, export results yielded a trade surplus of approximately US$19.5 billion. … [Read more...] about Vietnam optimistic about growth in first half of 2021

HCM City (VNS/VNA) - The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index. This month pork has been sold at the Hoc Mon wholesale market in Ho Chi Minh City for around 72,000 VND (3.17 USD) per kilogramme, 8,000 VND down from previous months, according to its management. Le Xuan Huy, deputy general director of the CP Livestock Joint Stock Company, said hog prices are down because of increased imports of both frozen pork and live pigs as well as lower demand. According to the Ministry of Agriculture and Rural Development, in the first seven months of this year Vietnam imported more than 93,248 tonnes of pork, mainly from Canada, Germany, Poland, Brazil, the US, Spain, and Russia, 223 percent up from the same period in 2019. The ministry licensed imports of pigs on the hoof from Thailand from mid-June. As of August 36 companies registered to quarantine more than 4.7 million … [Read more...] about Pork prices fall as Vietnam increases imports

Due to the production movement from China as well as the European Union (EU) – Việt Nam Free Trade Agreement (EVFTA), demand for industrial land is increasing across Việt Nam. CBRE recorded that asking rents in some industrial parks in Hải Phòng, Bắc Ninh and Hải Dương in the North and HCM City, Đồng Nai and Long An in the south increased from 20 per cent to 30 per cent. … [Read more...] about Industrial real estate is bright spot in 2020 market