Topic
412 stories in this topic
Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report. The economy is forecast to grow 6.1%…
Young entrepreneurs looking to start a coffee shop should be aware that customers are increasingly reluctant to spend over VND100,000 ($4) on a cup of coffee, opting instead for more affordable alternatives. I used to visit coffee shops regularly, but in…
Foreign companies, especially Chinese, are investing and hiring more staff in Vietnam to shift their production to the country or expand. In the first half of the year recruitment and payroll services provider Adecco saw a 10% year-on-year jump in demand for…
The recent layoffs by tech firms in the U.S.’s Silicon Valley have not significantly affected Vietnamese there, and things will return to normal soon, Le Chan, chief engineer at AI startup TruEra, tells VnExpress. Layoffs.fyi, the layoff statistics site,…
A number of billion-dollar projects are in the works, signaling a robust economic recovery. Last week Danish toy company Lego received a license for a $1-billion factory in the southern province of Binh Duong. The company’s second-largest factory in Asia and…
The minimum wage – minimum living standard gap has been widening for years, but there is no solution in sight as workers struggle to make ends meet. Vietnam first introduced the “minimum living standard” term in its 2012 Labor Law, which requires that the…
Solid economic growth averaging roughly 4% annually since 2000 along with the country’s solid industrial and export base has fuelled a steady rise in domestic income across all income levels over the past decade and a half, leading directly to a rise in…
Vedanta Chairman Anil Agarwal on Tuesday said India is on the path of encouraging ease of doing business and stressed that the government is production-minded and not revenue-minded. In a tweet, Agarwal said trust, talent, and technology are the cornerstones…
The property and casualty insurer is bolstering its International Personal Lines (IPL) division in Singapore. Chubb has appointed Tulio Puente as division head of IPL in Singapore, effective 22 November 2021, the firm announced on Thursday in a statement.…
Long-haul, low-cost carrier AirAsia X has reported an operating loss of MYR82.5 million ($19.6 million) for the first quarter of its 2022 financial year. The carrier generated revenue of MYR99.3 million for the three months ended 30 September, and a net loss…
Vietnam–U.S. trade could reach $100 billion for the first time this year, up 221 times against the figure in 1995 when the two countries first established diplomatic relations. In the first eight months, the figure hit $73 billion. Last year, it was $90.8…
Vietnam is set to keep its public debt under control this year at 43.7 percent of GDP, against the cap of 60 percent. This amounts to around VND3,700 trillion ($162.58 billion), according to a government report recently submitted to the National Assembly.…
Hong Kong’s retail sales climbed for the seventh straight month in August, helped by a stabilising Covid-19 situation, an improved labour market and economic recovery and thanks to a boost from a consumption voucher scheme (CVS). Retail sales in August rose…
The Shanghai government will support companies applying for approval to sell duty-free goods, and encourage duty-free shops to be set up at airports, hotels, malls and other commercial venues, municipal authorities said. The development of a “duty-free…
Lender HSBC has lowered its growth forecast for Vietnam from 7.1 percent to 5.1 percent given the ongoing fourth Covid-19 wave that has disrupted key economic activities. “The impact of the Delta variant as it spread across the country and in particular the…
Reopening the economy is necessary but any untimely decision amid low vaccination rates and high contagion risks could stymie the country’s efforts to defeat Covid-19, experts warn. “The premature lifting of the lockdown and reopening the economy while the…
