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According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

Illustration. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Consumer Price Index ( CPI ) edged up 0.91 percent in June , with nine out of 11 groups of goods and services recording an increase in prices, the municipal Statistics Office reported. Prices of transport services soared 3.89%, largely due to a 7.18% spike in petrol prices after they were revised up three times in June. Those of gas and other energy products, meanwhile, declined 6.09%, the office said. Prices of food and dining services picked up 1.05% during the month. Those of rice, a major component of food, grew 0.57% on the back of low supply as the Winter-Spring harvest nears end. Prices of foodstuff surged 1.27% last month, with the growth seen in various products, such as fresh, dried and processed vegetables (4.47%), eggs (2.59%), confectionery (1.65%), poultry meat (1.58%), and fresh and processed fruits (1.54%). House rental rates went up 1.64% while construction materials and water … [Read more...] about HCM City’s CPI picks up 0.91% in June

Illustrative image (Source: VNA) Hanoi (VNA) – Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts. Savills cited the Global Status Report for Buildings and Construction 2021 , which showed that in 2020, the real estate and construction sector accounted for 36% of global final energy consumption and 37% of energy related CO2 emissions , as compared to other end use sectors. Vietnam approved a national strategy on green growth for the 2021-2030 period with a vision to 2050, which aims to switch the country’s growth model towards a greener economy with the application of a circular economic model through the economical and efficient use of natural resources and energy, and developing sustainable infrastructure for higher growth … [Read more...] about Real estate firms advised to catch up with green growth trend

Illustration. (Photo: SGGP) Prices of transport services soared 3.89 percent, largely due to a 7.18 percent spike in petrol prices after they were revised up three times in June. Those of gas and other energy products, meanwhile, declined 6.09 percent, the office said. Prices of food and dining services picked up 1.05 percent during the month. Those of rice, a major component of food, grew 0.57 percent on the back of low supply as the Winter-Spring harvest nears end. Prices of foodstuff surged 1.27 percent last month, with the growth seen in various products, such as fresh, dried and processed vegetables (4.47 percent), eggs (2.59 percent), confectionery (1.65 percent), poultry meat (1.58 percent), and fresh and processed fruits (1.54 percent). House rental rates went up 1.64 percent while construction materials and water supply increased 0.13 and 0.23 percent, respectively. Vietnamplus … [Read more...] about HCMC’s CPI picks up 0.91 percent in June

The British Chambers of Commerce (BCC) said 54 percent of more than 5,700 companies it surveyed between May 16 and June 9 expected turnover to increase over the next 12 months. This is down from 63 percent in the previous survey and the lowest share since late 2020, when many businesses were under some form of Covid restrictions. A record 65 percent of companies said they planned to raise their prices in the next three months. Forecasters like the IMF and OECD think Britain will be hit harder by rising prices than other countries. Three quarters of firms said they had no plans to increase investment, and most no longer expected profits to rise. A survey published by S&P Global on Friday showed reports of rising costs were more widespread among British manufacturers than anywhere else in Europe. Bank of England Governor Andrew Bailey said last week that the central bank might not need to act "forcefully" to get inflation under control, adding there were signs of an … [Read more...] about Confidence drains from UK companies as economic woes mount: BCC

The Vietnamese manufacturing sector ended the first half of 2022 firmly in expansion mode as a lack of disruption from the pandemic supported demand and production. Firms were also increasingly successful in efforts to hire additional staff, with the rate of job creation quickening to a new high. Increased staffing capacity enabled firms to keep on top of workloads, with backlogs reduced for the second time in the past three months. Meanwhile, the shipping of finished items to customers meant that post-production inventories decreased again in June. Further marked increases were seen in both output and new orders at the end of the second quarter, as relative market stability due to a lack of pandemic disruption enabled demand to grow. Rates of expansion were particularly pronounced in the consumer goods category. Meanwhile, the growth of new export orders quickened to the fastest pace in four months, despite some reports that shipping difficulties had limited opportunities to … [Read more...] about Manufacturing sector ends the first half of 2022 in good health

Jason Turnbull (left) and Rana Flowers, UNICEF representative to Vietnam, sign a long-term strategic partnership. Photo by Masterise Group What do you aim to achieve through the Innovation for Children project? Masterise Group recently announced Build A Better Future, its strategic corporate social responsibility (CSR) programme designed with three pillars: environment, education, and humanitarian aid. As part of the long-term programme, the group is partnering with UNICEF Vietnam to launch the Innovation for Children project to provide Vietnamese children with a safe, clean, healthy, and sustainable living environment. The project will be an integration of educational and environmental initiatives aimed at addressing three major issues: climate-smart communities, smart schools, and learning through leadership. A UNICEF report in 2021 revealed that children and young people in Vietnam are most at risk from climate change impacts, which are threatening their health, … [Read more...] about Masterise Group and UNICEF to innovate for children

There is a special Vietnamese woman in Japan. She has worked for a company for 16 years, where she is affectionately and respectfully called 'mother' not only by younger Vietnamese colleagues and students but also by her Japanese colleagues. At nearly 70 years old, the woman, whose name is Le Thi Minh Nguyet, is probably the oldest Vietnamese woman still working full-time in Japan. In fact, her age makes her as old as the grandmothers of the Vietnamese interns studying and working in the East Asian country. She is not called a mother because of her age, but because of her responsibility and commitment in her role as an interpreter and trainer at the Kantojoho Sangyo Kyodo Kumiai, also known as Kantojoho, union, which specializes in training and placing technical trainees for Japanese companies. Motherhood abroad One Sunday, Nguyet's only day off of the week, she spent the entire day leading some technical trainees to their third vaccination against COVID-19. Although she … [Read more...] about The story of a unique Vietnamese ‘mother’ in Japan