Uncategorized

The Hanoitimes - The export turnover of the FDI sector in 2018 climbed 12.4% year-on-year or US$18.98 billion to US$171.53 billion, accounting for 70.4% of Vietnam’s total exports. VPA/FLEGT agreement se to boost Vietnam timber’s trade value to EU Vietnam predicted to gain short-term benefits from US-China trade war Vietnam posts trade surplus of US$6.8 billion in 11 months Vietnam reported a trade surplus of US$6.8 billion in 2018, up 3.2 times the figure recorded in 2017, according to the General Department of Vietnam Customs (GDVC).    Data: GDVC. Graphic: Ngoc Thuy. As of the end of 2018, Vietnam’s exports amounted to US$243.48 billion, up 13.2% year-on-year or US$28.36 billion, while imports were posted at US$236.69 billion, up 11.1% or US$23.68 billion.  In 2018, Vietnam’s trade turnover reached US$480.17 billion, up 12.2% year-on-year or US$52.05 billion. The total export-import value of the foreign invested companies … [Read more...] about Vietnam’s trade surplus triples in 2018

The Hanoitimes - Hanoi has implemented and approved 57/68 projects, reaching 83% of the planned coverage rate according to the approved number of projects, and 86% of the coverage rate by area. Hanoi to host ASOCIO Smart City Summit 2018 Smart city project to create momentum for Hanoi’s development Hanoi gains experience in building smart city Hanoi heads for smart city amid Industry 4.0: Mayor After expanding its administrative boundaries, Hanoi has taken actions to build a smart city and adapt to the trend of globalization and climate change, said expert on urban management Dinh Quoc Thai. Criteria for building a green and smart urban area for Hanoi include smart economy (competitive economy), smart mobilization (convenient transportation system - good technical infrastructure), smart residents (city with abundant and high-qualified human resources), smart environment (good living environment, natural resources reasonably used and preserved), smart urban management … [Read more...] about Hanoi heading to transform into a smart city

The Hanoitimes - During the first half of this year, Lotte Finance Vietnam will focus on rolling out customized loan products for Lotte affiliate employees and other Korean workers. Lotte Card has set ambitious targets for its consumer financing business in Vietnam after becoming the first South Korean credit card operator to offer the services in the Southeast Asian country, Korea Herald reported.   Illustrative photo “Our vision is to become the most popular finance company here by providing users with convenient payment processes that may be used anywhere in the country,” said said Lotte Card CEO Kim Chang-kwon at the launch ceremony of Lotte Finance Vietnam last month. Lotte Card, South Korea’s fifth-largest credit card company in terms of net assets, established its Vietnam office in 2009. Since then, the company has sought a more active role in Vietnam’s growing financial market. In March 2018, the company bought out Vietnamese consumer … [Read more...] about Lotte Card dreams big for consumer financing business in Vietnam

The Hanoitimes - Some 64% of enterprises said that they will pay more than one-month salary to employees on the occasion of Lunar New Year 2019. Tet bonus grows 16 percent this year More than 25% of Vietnamese employees will quit their jobs if they feel 2019 Tet bonus is inadequate, Navigos Group informed in its 2019 welfares and Tet holiday report.   Tet bonuses capture major attention at year-end. Photo: nld.com.vn Surveys show that up to 27% of the respondents said they would choose to quit their jobs if they do not receive the expected bonus and apply for jobs elsewhere with better Tet bonuses, 55% choose to present to the company a collective demand for better bonuses with their co-workers. The report added that 64% of enterprises said that they will pay more than one-month salary to employees on the occasion of Lunar New Year 2019. The report also showed that this Tet bonus policy has already been decided by many businesses and it’s expected to remain … [Read more...] about 25% of Vietnamese employees expected to quit jobs if unhappy with Tet bonus

The Hanoitimes - According to the Vietnam Labor Export Association, 28 markets received Vietnamese workers in 2018. More than 140,000 Vietnamese laborers have been sent abroad in 2018, up 7% against 2017, according to a representative of the Department of Overseas Labor Management under the Ministry of Labor, Invalids and Social Affairs, VietnamPlus reported. This is the 5th consecutive year the number of Vietnamese migrant workers has exceeded 100,000.   Illustartive photo In 2018, Japan for the first time surpassed Taiwan (China) to become the country receiving the most Vietnamese workers with more than 67,000 employees. The next one is Taiwan (China) with about 65,000 employees. The Korean market ranks third with more than 6,000 employees. The remaining markets are Saudi Arabia, Romania, Malaysia, and Kuwait. According to the Vietnam Labor Export Association, 28 markets received Vietnamese workers in 2018, and only six of them received from 1,000 workers upwards, … [Read more...] about Vietnam sends record 140,000 laborers abroad in 2018