More than 26,700 enterprises were established in Vietnam in the first three months of the year. (Photo: VNA) Hanoi (VNA) – More than 26,700 enterprises were established in Vietnam in the first three months of the year, with total registered capital of nearly 278.5 trillion VND (12.25 billion USD), according to the Agency of Business Registration under the Ministry of Planning and Investment. The numbers were up 1.2 percent and capital rose 2.7 percent against the same time last year. Average registered capital for each business exceeded 10 billion VND (440,000 USD). The firms employed 225,389 workers, down 22.7 percent year-on-year. The number of new firms was concentrated mainly in the wholesale, retail, automobiles and motorbike repairing sectors with 9,200 companies, 34 percent of the total. There were 3,600 enterprises in construction, or 13 percent, and more than 3,200 businesses in the manufacturing and processing industry, making up 12 percent. Of the registered … [Read more...] about Vietnam has more than 26,700 new firms in first quarter
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Air France unions announce new two day strike
Air France unions representing both flight crews and ground staff announced on Sunday (Apr 1) a new two-day strike for Apr 10 and 11, the latest move in its pay dispute with the French flag carrier since February. Pilots, cabin crew and ground staff joined the strike at Air France to push for a 6.0 per cent rise in salaries. (AFP/ERIC PIERMONT) The new dates are in addition to plans to strike on Tuesday and Saturday, in the same week that workers of the French rail operator SNCF also begin a series of strike days. The staff of Air France have already carried out a work stoppage on three dates, Feb 22 and Mar 23 and 30. In a statement on Sunday, the three pilot unions slammed the "obstinate refusal" of the airline's management "to take into consideration the least of their demands." The pilots have been joined by unions representing flight attendants and ground personnel, which later issued a joint statement saying Air France "does not take seriously the determination of … [Read more...] about Air France unions announce new two day strike
New co-working space to open for start-ups in HCM City
The ground breaking ceremony for the new co-working space in 135 Hai Ba Trung in HCM City’s District 1. Developed by the city’s Youth Federation, it will give more choices for start-ups looking for a place to nuture their business ideas. — Photo tuoitre.vn The HCM City Youth Federation has just broken ground on a new co-working space at No 135 Hai Ba Trung Street in District 1 to offer more choices for start-ups who are looking for a place to nuture their business ideas. Covering an area of 500sq.m, it will be comprised of 15 furnished studios and high-tech facilities and equipment. In addition, it will be a place for organising events and workshops on start-ups and entrepreneurship for people to learn from experts and exchange ideas with one another. Truong Ly Hoang Phi, director of the city Youth Federation’s Young People Start-up Support Centre, said the centre would be open around the clock to maximise convenience for the use of students and young people. … [Read more...] about New co-working space to open for start-ups in HCM City
Traditional new year festivals of Laos, Cambodia marked in HCM City
According to Le Hoang Minh, deputy director of the international relations unit of the city’s Ho Chi Minh Communist Youth Union, the event enabled the students to exchange and study the history of the Vietnam-Laos-Cambodia relations, making significant contributions to nurturing the traditional solidarity and fruitful friendship among the youth of the three nations. A get-together held at the Ho Chi Minh City University of Economics and Law (UEL) to celebrate Lao Bun Pi May festival and Cambodian Chol Chnam Thmay festival. (Photo: thanhnien.vn) Art performances, fashion shows, traditional games, and food street display were included at the event. Particularly, the event featured Laos and Cambodia’s rituals like thread tying and water-splashing festival to wish for a year of happiness and prosperity. The Lao and Cambodian students were impressed by the activities organized in Vietnam to mark their traditional festivals. UEL Vice Rector Le Tuan Loc affirmed … [Read more...] about Traditional new year festivals of Laos, Cambodia marked in HCM City
Mekong countries can be new driver for global growth: summit
International and local investors are the key to economic growth in Mekong countries, Vietnam's Prime Minister Nguyen Xuan Phuc said at the Greater Mekong Subregion (GMS) Summit on Friday at the National Convention Center at Hanoi. The GMS is a resourceful region which is helping Asia become the new driver for global economic growth in the 21st century, Phuc said. However, amid global changes, GMS countries need new motivation to compete and develop. That motivation is to “develop our own internal force” and “effectively exploit the advances and breakthroughs of science and technology”, Phuc said. Vietnam has achieved various economic and social success in the last year, which is the foundation for its government to improve the business environment, increase integration and invest in traffic infrastructure, he continued. For the GMS to thrive, its countries need to guarantee sustainability and harmony, he said. Speaking at the same event, Chinese Foreign … [Read more...] about Mekong countries can be new driver for global growth: summit