"Experience in many countries has shown that, in order to develop sustainably, enterprises should pay close attention to a stable human resource strategy. Take Japan for an example. When facing an economic downturn, Japanese enterprises retain lifetime workers, lay off temporary ones, reduce bonuses and move some to other production fields". This is a view about how to take advantage of human resource in context of economic turmoil, given in the Forum on "Human resource management in difficult periods" recently held by Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Labour, Invalids and Social Affairs, and Vietnam Business Forum Magazine in Hanoi. Many companies dissolved According to VCCI, by the end of 2011, Vietnam had about 622,977 enterprises, 79,014 of which have been dissolved. Among those are 2,082 private enterprises, 16,784 one - member limited liability companies and 18,826 multi - member limited liability companies. The largest number is joint stock … [Read more...] about Better Human Resource Management Needed in Tough Time
Better investing magazine
BTO - Since the Resolution 04 of Binh Thuan provincial Party Committee came out into society, it has made a breakthrough in socio-economic development for ethnic minority groups. Their material and spiritual lives have been gradually improved after 8 years of implementing policy on welfare and socio-economic development in ethic minority regions. … [Read more...] about Ethnic minority Groups’ lives to get better after 8 years of implementing Resolution 04
Billionaire Warren Buffett likes to say his favorite length of time to hold a stock is â€œforever.â€ That is a good thing because some of his more recent investments are not making him money in the short run. Buffett, 78, ranked the richest man in the US by Forbes magazine, placed bets over the past two years on companies ranging from Kraft Foods Inc. and Johnson & Johnson to oil producer ConocoPhillips. After last yearâ€™s 38 percent drop in the Standard & Poorâ€™s 500 Index, they are among the stocks trading at less than what he paid when he last added their shares to the holdings of his Berkshire Hathaway Inc. The man heralded as the â€œOracle of Omahaâ€ tells acolytes he evaluates companies based on their stability, their competitive advantage and what he thinks they will be worth years into the future, instead of trying to find the moment when their stocks are at their lowest. The declines in his recent equity purchases suggest he could have waited before taking the … [Read more...] about Buffett, who invests Ã¢â¬Ëforever,Ã¢â¬â¢ found losses in 2008
A good woman is good on the inside, say past beauty contest winners. As Vietnamese Women's Day has many families planning gifts and celebrations for their mothers, daughters and sisters, Thanh Nien Daily spoke with several former beauty queens about what October 20 means to them. Miss Earth contestant Truc Diem says wisdom and perseverance are what make great women … [Read more...] about Look good, do better
Danang has been designated by the central government to be the core city of the Key Economic Zone in central Vietnam, the entrance to the UNESCO World Heritage sites, and the terminal point of the East-West Corridor linking with Laos, Thailand and Myanmar. It is clear that Danang's location makes it a strategic location from which your business can access potentially rich Vietnamese and other Asian markets. I. STRATEGIC LOCATION The coastal city of Danang is situated at the very heart of Vietnam, 759km from Hanoi and 960km from Ho Chi Minh City. It lies on the north-south communications axis of land ( National Road 1A), rail, sea and air routes. Danang borders Thua Thien - HueProvince in the north, QuangNamProvince in the south and the west, and the EasternSea in the east. It is located in a typical tropical area influenced by monsoons with an annual average temperature of 25.7C. The city has a natural land area of 1,256km2 and a population of 887,069 as of 01 April 2009. … [Read more...] about Why invest in Danang?