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Industrial zones in north central reap benefits from labor relocation wave

Industrial zones in north central reap benefits from labor relocation wave

While provinces, especially in southern Vietnam, are facing a shortage of human resources, other areas such as the north-central region can benefit from the wave of people relocating back to their hometowns.

Settlement of bad debts to chalk out bustling M&A in the banking sector

The National Assembly’s Resolution No. 42/2017/QH14 dated June 21, 2017 on the pilot settlement of bad debts of credit institutions is expected to remove barriers for the mergers and acquisitions (M&A) in the banking sector.

Foreign whirlwinds strike Vietnam retail market

With different strategies, numerous large retail brands in the world continue to set foot in Vietnam and intensify the competition for market share.

Sabeco and Habeco spent millions of dollars on advertisements in the first half of 2017

In the increasingly fierce competition among brewers, the two Vietnamese leading brewers, Habeco and Sabeco have spent millions of dollars on advertisements, which is considered a critical factor to gain market share.

Vinatex proposes for State capital divestment of US$220 million

The Vietnam National Textile and Garment Group (Vinatex) has proposed the Prime Minister for series of incentives, separate mechanisms and divestment of the State capital at Vinatex in order to strengthen the Group’s capacity and expand the business in the future.

An electronics retail giant emerges as M&A rumour looms

Nguyen Duc Tai, Chairman of Mobile World JSC (MWG), confirmed that MWG “has nearly finished negotiating” on the purchase of an electronics chain, which has been rumoured to be Tran Anh Digital World JSC (TAG). Accordingly, the share price of these two companies has drastically increased ever since.

2018 minimum wage closed 6.5 per cent rise deals with claims

Having experienced many debated sessions, the Viet Nam’s National Wage Council (NWC) reaches a final decision on a rise of minimum wage by 6.5 per cent in 2018, a balance move to settle a harmonization between employers and employees.

Five pharmaceutical businesses are sanctioned for violation of food safety laws

Vietnam Food Administration (VFA) under the Ministry of Health has decided to impose an administrative sanction of VND192 million (equivalent to US$8,400) on five companies violating food safety regulations, including four based Ha Noi and one based in Ho Chi Minh City.

A Chinese corporation eyes traffic infrastructure projects in Viet Nam

On August 03, at the meeting with Deputy Minister of Transport Nguyen Ngoc Dong, Vice President in charge of international affairs of China Gezhouba Group Corporation (CGGC), Chen Xiaohua expressed interests in traffic infrastructure projects in Viet Nam.

Prime Minister urges to promote non-cash payment

Prime Minister has urged to promote e-payment other than cash payment for transparency of the economy regarding measures to enhance business competitiveness through a reduction of both formal and informal expenditures.

Bitexco Group to construct a US$44-million hospital to own the most expensive land lot

The People's Committee of Ho Chi Minh City (PCHCMC) has approved the the feasibility study of New Sai Gon hospital construction and investment project with total estimated investment capital over VND1 trillion (equivalent to US$44-million).

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