Companies dispute low-productivity rate of Vietnamese workers

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VietNamNet Bridge - Many Vietnamese refuse to believe that local workers' productivity is 1/15th that of Singaporeans, as reported recently by the International Labor Organization (ILO). The report showed that Vietnamese workers' productivity is the lowest in Asia Pacific, only equal to 1/5 of Malaysia's, 2/5 of Thailand's, and 1/15 of Singapore's. … [Read more...]

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Cash-strapped businesses show no interest in preferential credit package

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VietNamNet Bridge - The Vietnam Development Bank's preferential credit program offers loans to businesses investing in support industries, but it has yet to see one applicant. The government, in an effort to develop support industries, has offered many investment incentives and provided preferential loans to enterprises in the sector. … [Read more...]

Eight more enterprises receive customs preference

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GDC Deputy Director General Hoang Viet Cuong hands over the priority enterprise certificate to Soc Trang Seafood Company. … [Read more...]

Vietnam part suppliers raise white flag even on simple hi-tech items: official

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Despite given chances to join Samsung production in Vietnam, local part suppliers are not qualified to make even the simplest items of the 170 different types of parts for which the South Korean company is seeking suppliers, a Ministry of Industry and Trade official has admitted. has submitted a list of 170 different types of parts for its flagship Galaxy S4 smartphones and Galaxy Tab 7 tablets, which the company believed could be domestically manufactured, to the Ministry of Industry and … [Read more...]

Samsung Vietnam prioritizes local part suppliers, but few qualify: general director

Samsung is locating its most important production base in Vietnam, Shim Won Hwan, general director of the Samsung Vietnam complex based in the northern province of Bac Ninh, told

Samsung is willing to partner with local part suppliers but there are in fact few qualified businesses, the general director of the electronics titan's Vietnam complex has said. Tuoi Tre (Youth) newspaper in an interview published Thursday. … [Read more...]

VFF President visits Samsung Electronics Thai Nguyen

(VOV) - Vietnam Fatherland Front (VFF) Central Committee President Nguyen Thien Nhan on August 15 visited Samsung Electronics Vietnam Thai Nguyen (SEVT) in Thai Nguyen province to survey the company's operations. Nhan highlighted the achievements made by Samsung Vietnam and the group's factory in Thai Nguyen. He affirmed that the group's success was vivid proof of the solid strategic partnership between Vietnam and the Republic of Korea (RoK). The investment in the construction a modern … [Read more...]

Samsung Vina boosts home appliances business

Samsung promotion girls show off a food showcase refrigerator - Photo: Hung Le

Hung Le In the campaign, the firm introduced its flagship products like refrigerators, washing machines with smart wash, and air-conditioners with triangular design for more powerful cooling. Those hi-end products are imported from Samsung factories outside Vietnam, but in the near future they will be made at Samsung's plants in Vietnam. … [Read more...]

ICT M&As a growing trend

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By Huu Tuan … [Read more...]

M&As increasingly cover ICT market

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By Huu Tuan … [Read more...]

FDI sinks despite new projects

A mobile phone production line at Samsung Vietnam in the northern province of Bac Ninh. The Foreign Investment Agency reported that total capital disbursements from FDI firms were estimated at US$6.8 billion in the first seven months this year, increasing 2.3 per cent against the corresponding period last year. - VNA/VNS Photo Duc Tam

HA NOI (VNS )- Total registered capital of foreign direct investment (FDI) projects in the first seven months this year decreased by 20 per cent year-on-year to US$9.53 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA). … [Read more...]