Continuously expanding foreign businesses and the wave of foreign investors relocating from China may make the chronic shortage of skilled workers more dire in Vietnam. Hiring skilled workers remains a significant challenge for recruiters in Vietnam This concern was expressed in Navigos Group’s latest report on middle- and high-level personnel demand in 2018’s fourth quarter. Accordingly, the Vietnamese labour market has seen significant impacts from free trade agreements (FTAs) and foreign investment capital in late 2018. The report also revealed that along with the wave of investment movement from China, the expansion of business-scale of foreign-invested enterprises (FIEs) in northern Haiphong city and Bac Ninh provinces are increasing demand on local midde- and high-level personnel for positions like factory managers, office managers, and assistants. In fact, the shortage of high-end personnel is not a new thing in Vietnam. According to the General … [Read more...] about Foreign investors double crossed by labour shortage in Vietnam?
Largest foreign investor in china
The Hanoitimes - South Korea is Vietnam’s second largest foreign investor with total registered capital of US$6.8 billion in the first 11 months this year, up 22.3% year-on-year. South Korea’s MBI Group heats up competition in Vietnam electric scooter market South Korean capital pursues to flow in Vietnam’s market South Korean firms show CSR toward Vietnam Bilateral trade between Vietnam and South Korea reached US$62.6 billion in the first 11 months of 2018, making Vietnam the fourth largest trading partner of the Northeast Asian country, behind China, the US and Japan, the government portal reported. Illustrative photo. South Korea’s Ministry of Trade, Industry and Energy on December 19 announced that the country’s import turnover from Vietnam in the January - November climbed 22% year-on-year to US$18.1 billion, mainly thanks to strong demand of electronic components from South Korea’s manufacturers in Vietnam. … [Read more...] about Vietnam becomes South Korea’s fourth largest trading partner in Jan-Nov
The launch of the $200-million joint venture BW Industrial, between leading global private equity firm Warburg Pincus and Vietnam’s largest industrial real estate developer Becamex IDC, a few months ago put the spotlight on the country’s real estate market as it promises to result in breakthrough developments in the local industrial and logistics property sector. Foreign developers are increasing their investments in industrial real estate projects in Vietnam to seize the huge opportunities that will come if the country sees strong manufacturing growth in the near future. “With a sizable population and an increasingly diversified economy, manufacturing and domestic consumption have become the central areas of growth for Vietnam,” said Mr. Greg Ohan, Deputy CEO of BW Industrial. “We feel that our timing is just right to tap into these growth opportunities with the goal of taking Vietnam’s industrial and logistics value chain to the … [Read more...] about Foreign investors eye industrial and logistics property
Republic of Korea investors receive investment licences in Quang Ngai (Photo: VNA) Quang Ngai (VNA) – The central coastal province of Quang Ngai wants to attract foreign investors in large-scale heavy industry related to deep-water sea ports which is an advantage of the province. Director of the provincial investment promotion centre Nguyen Duc Thanh added that Quang Ngai also hopes to engage investors in developing light industry to produce products for export, support industry and environmentally-friendly projects. The province is currently home to 44 valid foreign-invested projects with total capital of nearly 1.37 billion USD, mostly from the Republic of Korea, China, Japan and Singapore. Foreign-invested enterprises in Quang Ngai are employing around 12,000 workers. According to head of the external economic section under the provincial Department of Planning and Investment Tran Hoang Vinh, during 2005-2010, nearly 3.7 billion USD of foreign direct investment … [Read more...] about Quang Ngai looks for investors in large-scale heavy industry
Vietnam has overtaken Malaysia to become the largest trade partner of China in the Association of Southeast Asian Nations (ASEAN), said Commercial Counselor of the Chinese Embassy in Vietnam, Hu Suojin. At the press conference - Photo: VNA The Chinese diplomat made the remarks during a press briefing held by the Chinese Embassy in Hanoi on July 26. Total trade revenues between Vietnam and China were estimated at US$66 billion in the opening half of 2018, with the average monthly trade turnover between the two countries having exceeded US$10 billion for the first time in history, he said. In June alone, the value of Vietnam-China trade reached US$11.2 billion, much higher than the US$9.3 billion recorded between China and Malaysia. During the first six months of the year, Vietnam enjoyed a year-on-year growth rate of 28.8 percent in its trade revenues with China, compared to the 15.5 percent figure of Malaysia, which currently ranks second in ASEAN in terms of the growth rate … [Read more...] about Vietnam becomes China’s largest trade partner in ASEAN