Viet nam economic news

A picutre of District 7 in HCM City where located many office buildings. The hybrid working in Viet Nam and the Asia Pacific region is accelerating. — Photo Courtesy Cushman & Wakefield Vietnam The popularity of hybrid working in Viet Nam and the Asia Pacific region is likely to accelerate as Generation Z – those born between 1997 and 2012 – accounts for a larger percentage of the working-age population, experts said. Gen Z, which will reach one billion by 2030, is the first generation of digital natives. They expect a seamless connection between the physical and the digital, which is also what allows hybrid working to flourish. A report by Cushman & Wakefield titled “Asia Pacific Office of the Future Revisited” revealed that the majority of office workers in Asia Pacific, including Viet Nam, want to be more flexible in the way they work. Hybrid working is not a new concept, but it was relatively foreign to the masses before the COVID-19 virus hit. A hybrid office is … [Read more...] about Hybrid working grows in popularity in Asia

A Long Chau drugstore. The pharmaceutical retail market was seeing the rapid expansion of modern drugstore chains. — Photo FPT Retail The winds of change are blowing through Viet Nam’s retail pharmaceutical industry, with giants wrapping up investments to establish modern retail chains in an anticipated fast-growing market, which mom-and-pop stores currently dominate. After Pharmacity, FPT’s Long Chau, and Mobile World Investment Corp’s An Khang pharmacy chains, Masan Group is supposedly gearing up preparations to enter the pharmaceutical retail market. According to the national portal about business registration, Winphar Trading Services Corporation was founded on March 31 with WinCommerce, holding a stake of 80 per cent, Do Thi Hoang Yen and Tran Phuong Bac, 10 per cent each. WinCommerce, a member of Masan Group, currently operates the most significant nationwide grocery modern trade retail platform Winmart and Winmart+ while Yen and Bac both held important positions at … [Read more...] about Giants reshape retail pharmaceutical market

JETRO, ITPC, CSID and RX Tradex Company sign an agreement in HCM City on August 5 to jointly organise two exhibitions on supporting industries in HCM City in October. — VNS Photo RX Tradex Vietnam has partnered with the Japan External Trade Organisation, the Investment and Trade Promotion Centre of HCM City and the HCM City Centre for Supporting Industries Development to organise METALEX Vietnam and Supporting Industry Show simultaneously in early October. Nobuyuki Matsumoto, chief representative of JETRO's HCM City office, said a 2021 survey by his agency found that the local sourcing ratio for Japanese companies in Viet Nam is 37.4 per cent, a slight increase from the previous year, but much lower than in China (69.5 per cent) or Thailand (58.4 per cent). He said over 86 per cent of Japanese firms wanted to increase the local sourcing of materials, components, and spare parts. Based on the needs of Japanese companies, JETRO decided to organise the ‘Supporting Industry Show’ … [Read more...] about Exhibitions seek to boost competitive edge of supporting industries

The two men had been arrested for two months. The Investigating Court of Palma, Majorca, Spain, has returned passports to two Vietnamese men who were accused of raping a minor on the island at the end of June. The court, which is investigating the alleged rape of a 17-year-old girl in a hotel in Andratx, decided on August 3 to return their passports and they have already returned to their country originally, according to Spanish Ultima Hora. The two men, one 37-year-old and one 42 and were famous, were released without bail but their passports were confiscated after they were arrested. Both took advantage of their right not to testify before the magistrate. According to Spanish media, the two defendants and the girl on June 25 struck up a conversation, drank together, and ended up on the beach where they began to get intimate. Sexual assaults were reported to have taken place at a hotel in Sant Elm where the men stayed. The girl told the agents that the two men, after … [Read more...] about Spanish judge returns passport to Vietnamese accused of raping adolescent

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn (Photo: AP) Phnom Penh (VNA) - The 55th ASEAN Foreign Ministers' Meeting ( AMM-55 ) and related meetings have successfully concluded, with some 30 documents on regional cooperation adopted, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said on August 6. "We have reviewed the progress made thus far to strengthen ASEAN's community building, advance regional integration, and enhance our cooperation with external partners," he told a press conference. The official said that over the course of three and a half days, 19 meetings were held back-to-back, with the participation of foreign ministers and representatives from 38 countries. On the COVID-19 pandemic, he said the ASEAN foreign ministers encouraged the effective operationalisation of the ASEAN Regional Reserve of Medical Supplies for Public Health Emergencies. He added that the ministers also stressed the need to strengthen supply … [Read more...] about Cambodia announces outcomes of AMM-55 and related meetings

The construction of a Vietnam welcome gate on an overseas Vietnamese road in Nong Khai province, northeastern Thailand, has begun. (Photo: VNA) Bangkok (VNA) – The construction of a Vietnam welcome gate on an overseas Vietnamese road in Nong Khai province, northeastern Thailand, has begun. A ground-breaking ceremony of the work was held on August 6 by the Vietnamese Consulate General in Khon Kaen in collaboration with the Nong Khai authorities, the Vietnamese Association and overseas Vietnamese organisations in Thailand. This activity aims to celebrate the 46th anniversary of the establishment of Vietnam-Thailand diplomatic relations (1976-2022). Addressing the event, Consul General Chu Duc Dung said the construction of the welcome gate is evidence for the traditional ties, solidarity and friendship between Vietnam and Thailand. He expressed his wish that Thai people of Vietnamese origin in Thailand in general and Nong Khai province in particular continue to serve … [Read more...] about Work starts on welcome gate on overseas Vietnamese road in Thailand