Vcci

At the conference (Photo: VNA) HCM City (VNA) – A number of organisations in Ho Chi Minh City have provided assistance and consultancy for small and medium-sized enterprises (SMEs) while banks have offered them loans on easy terms but they do not make use of either consultancy or loans, heard a conference in the city on October 3. Tran Ngoc Liem, Deputy Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM City Branch, said representative offices of central agencies in the city and the VCCI have set up centres to assist SMEs. Many banks have a dedicated division for providing consultancy and credit to SMEs, he said. But SMEs do not make use of the centres to learn about policies and laws, or take advantage of support from the banks to get loans, he added. Tran Thi Lien Phuong, research director at market research company Insight Asia, said the multiplicity of agencies offering assistance causes confusion among SMEs in choosing from them. The Government … [Read more...] about SMEs fail to make use of plentiful assistance in HCM City

Photo: Internet Inside a factory producing gaskets used in making mattresses in the northern city of Hai Phong, Bui Van Thuoc has to wear a gas mask while working. Thuoc, 42, usually works 24-25 days a month. He is allowed to be off every Sunday, and one Saturday a month. Including the compensation for harmful working conditions, he gets a monthly salary of VND7-8 million (over $300). Because this is a Japanese-owned factory, workers have to work at full productivity every day and sometimes they have to take overtime shifts, he said. "For the past 10 years, the company has allowed every employee to break one Saturday in a month, but I want to have at least one more Saturday off per month," he said, adding that his colleagues have the same demand because they need to rest more, given the hard work they do in an environment that is quite risky for health. At another Japanese invested company, Synztec Vietnam, also in Hai Phong, Nguyen Thuy Linh said she gets two Saturday breaks every … [Read more...] about Saturday should be a holiday, Vietnamese workers assert

Outstanding entrepreneurs and businesses in the Mekong Delta are honoured with awards at the ceremony in Can Tho city on October 7 (Photo: VNA) Can Tho (VNA) – A ceremony was held in Can Tho city on October 7 to honour outstanding entrepreneurs and businesses in the Mekong Delta that have considerably contributed to local and national development. Director of the Can Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen Phuong Lam said among the 198 entrepreneur and business candidates chosen from 2,000 companies in the Mekong Delta, 108 were eligible for recognition. Twenty-eight firms won the “Outstanding Business of the Mekong Delta in 2019” award, while 53 businesspeople were presented with the “Outstanding Entrepreneur of the Mekong Delta in 2019” title. The best 10 firms were awarded the “Golden Crane” title, which is named after a rare bird species found in the Mekong Delta, to mark the 10th anniversary of the … [Read more...] about Entrepreneurs, businesses win awards in Mekong Delta

At the Vietnam Business Summit 2018 (Photo: baodautu.vn) Hanoi (VNA) – The Vietnam Business Summit 2019 (VBS 2019), one of Vietnam’s biggest international business-related events, opened in Hanoi on October 16. The event is being held in parallel with the 10th Asia Business Summit (ABS) also in Hanoi on October 17. Both events are hosted by the Vietnam Chamber of Commerce and Industry (VCCI). Prime Minister Nguyen Xuan Phuc is slated to be among key speakers at the VBS 2019, which has attracted 600 delegates, including 200 CEOs of international businesses and corporations, and a Japanese business delegation. Under the theme "Vietnam-A Trusted Business Partner in the Digital Age,” discussions at the VBS 2019 will focus on scientific and technological innovations, the shift of human resources in a digital age, and the many opportunities for Vietnam. During the conference, businesses will have an opportunity to update on the latest development trends in the … [Read more...] about Vietnam Business Summit 2019 opens in Hanoi

Illustrative photo (Source: baohaiquan.vn) Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) held a seminar in Hanoi on March 21 to seek to increase labour productivity to enhance national competitiveness. VCCI Chairman Vu Tien Loc pointed out that Vietnam’s labour productivity, despite growth in recent years, is still below that of many countries in the region and in the world, particularly within ASEAN. The shortcoming has been a barrier to the country’s target to have a fast and sustainable growth and improve economic competitiveness, he noted. Echoing Loc’s view, Nguyen Duc Thanh, Director of the Vietnam Institute for Economic Policy and Research under the Vietnam National University-Hanoi, said Vietnam’s labour yield grew less than three times over the past 25 years. According to him, the productivity of the workforces in Vietnam’s key sectors of industry and construction has long been unchanged, hindering overall economic … [Read more...] about Seminar discusses labour productivity-competitiveness ties