Viet nam economic

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

A trader observing the market's movements on his computer. — Photo baodautu.vn After hitting a bottom of around 1,140 points in early July, the stock market had recovered for four straight sessions, with the benchmark VN-Index surpassing the threshold of 1,250 points. Notably, liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of such an increase, showing that investors' interest is improving. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the week at 1,252.74 points, down 0.11 per cent. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) closed higher, up 0.73 per cent to 299.9 points. For the week, the VN-Index rose by 3.85 per cent and the HNX-Index was up 3.91 per cent. Trading value on HOSE increased by 39.2 per cent from the previous week to VND83.1 trillion (US$3.5 billion), equivalent to a gain of 47 per cent in volume to more than 3.5 billion shares. On the northern bourse, … [Read more...] about Investors’ risk appetite continues to improve this week