The program carried out by members of the Ho Chi Minh Communist Youth Union in the province provide the poor with 100 crunchy baguette-like breads with pork every morning. It is firstly organized in My Xuyen town and Soc Trang city with the support of sponsors. The program offfers 100 crunchy baguette-like breads with pork to the poor every morning The program is carried out by members of the provincial Ho Chi Minh Communist Youth Union By TUAN QUANG – Translated by Kim Khanh … [Read more...] about ‘Green bread’ charitable program launched in Soc Trang
Resourcefulness key for expats to succeed in Vietnam
Filipino Jeffrey Manahan, hospitality consultant and food and beverage director at The First Steakhouse restaurant, emphasizes that flexibility, open-mindedness, patience, determination, and a positive can-do attitude are needed to have a successful career in Vietnam. He should know. He has been in Vietnam for 17 years, met and married his Filipina wife here and has successfully developed a career in food and beverage. He recalls: "When I first arrived in 2003 there were not that many expatriates working in Ho Chi Minh City and so not much English was spoken. I figured I had to learn simple Vietnamese to survive, to live and get around the city. "I saw on TV there were many children’s programmes on learning Vietnamese and I decided to quickly learn simple Vietnamese that way." In 2003 language was the biggest barrier for him and many other expatriates, and in 2019 it still is. A survey by recruitment firm Navigos in August found language to be the largest barrier … [Read more...] about Resourcefulness key for expats to succeed in Vietnam
Lenders warm to Vietnamese credits
Consumer finance firm VPBank Finance is back for its second foreign-currency loan of the year, looking to raise up to $200 million through a 364-day loan. Vietnam’s credit profile is supported by its favourable long-term growth prospects, trade dynamism and appeal as a foreign investment destination as the developing nation is expected to benefit from the U.S.-China trade war, Moody’s said on August 16. In May, Fitch revised the outlook on Vietnam’s BB ratings to positive from stable following a one-notch upgrade from S&P to BB from BB– in April. Moody’s upgraded Vietnam to Ba3 from B1 in August 2018. These developments have improved market liquidity for loans for Vietnamese borrowers, including those with tight pricing, which in turn has encouraged deal flow. "The rating moves from S&P and Fitch earlier this year have further boosted the market for Vietnamese credits. Liquidity among foreign lenders has increased for corporates and there are more … [Read more...] about Lenders warm to Vietnamese credits
Shrimp export falls 8.1 percent in eight months
Shrimps processed for export (Photo: VNA) Hanoi (VNA) – Vietnam exported 1.93 billion USD worth of shrimp during January-August, down 8.1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Directorate of Fisheries. The pace of reduction in exports has slowed down due to positive export growth in July. Last month, shrimp export reached some 334 million USD, posting a year-on-year increase of 13.4 percent. The country saw good growth in exports to eight major markets like the EU, Japan, the US, mainland China, the Republic of Korea, Canada, Australia and China’s Taiwan. The Vietnam Association of Seafood Exporters and Producers (VASEP) expected shrimp exports to grow further this year to a value of more than 4 billion USD thanks to robust signs in the market. According to the association, the shrimp sector will make breakthroughs in exporting to 28 European Union countries, with estimated export value of 1 … [Read more...] about Shrimp export falls 8.1 percent in eight months
PM to chair conference on SOEs
Prime Minister Nguyen Xuan Phuc will chair a conference on renovating and improving the operational efficiency of State-owned enterprises (SOEs), slated for late September or early October (Photo: baochinhphu.vn) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc will chair a conference on renovating and improving the operational efficiency of State-owned enterprises (SOEs), slated for late September or early October. Regarding the upcoming event, Deputy Prime Minister Vuong Dinh Hue has asked ministries, ministerial-level and Government agencies, People’s Committees of centrally-run cities and provinces, along with State-owned economic groups and corporates to make reports on business restructuring under their jurisdiction. Those reports must be sent to the Ministries of Finance, and Planning and Investment, and the Government Office before September 25, he said. The reports should cover such issues as the implementation of business restructuring plans approved by … [Read more...] about PM to chair conference on SOEs