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Vietnam Economy HSBC economists report on Vietnam’s prospects during 10-day visit By Thanh Thom Friday,  Nov 22, 2019,10:25 (GMT+7) HSBC economists report on Vietnam’s prospects during 10-day visitBy Thanh Thom A worker operates equipment at the Phu My 1 thermal power plant in the southern province of Ba Ria-Vung Tau. Vietnam’s manufacturing worker wages are among the lowest in Asia, but the growth rate is high – PHOTO: VNA HCMC – Limited land and labor resources, increasing wages and a lack of local suppliers in Vietnam could make the cost/benefit equation less attractive for foreign direct investment (FDI) firms in the foreseeable future, HSBC said in its latest Asia Frontier Insights report, pointing out various issues that need to be addressed to ensure continued growth. During their 10-day visit to Vietnam, HSBC economists found that rising land costs and the availability of appropriate … [Read more...] about HSBC economists report on Vietnam’s prospects during 10-day visit

At the launching ceremony (Source: VNA) Seoul (VNA) - The Vietnam-Korea Businessmen and Investment Association (VKBIA) launched its southern chapter at a ceremony in Busan on November 21. The chapter’s establishment aims to create a favourable environment to collect and attract Vietnamese and Korean businesses and entrepreneurs in Busan – Gyeongsangnamdo and adjacent areas, thus promoting investment opportunities and cooperation between Vietnam and the Republic of Korea (RoK). The VKBIA is to enhance support for its chapters towards building a strongly connected community. Vice President of VKBIA Steve Bui said the new chapter is part of the association’s plan to expand its network. He expressed his hope for continued support from authorities in the two countries, helping the VKBIA and its chapters develop strongly in the future. Addressing the ceremony, Tran Van Sinh from the Vietnam Fatherland Front Central Committee highly valued the VKBIA’s … [Read more...] about Vietnam-Korea business association’s southern chapter makes debut

On the occasion of the Teachers’ Day in Vietnam, Mr. Troy Griffiths, deputy managing director of Savills Vietnam, shares his view on investments in the education sector in this country. Mr. Troy Griffiths, deputy managing director of Savills Vietnam On the occasion of the Teachers’ Day in Vietnam, Mr. Troy Griffiths, deputy managing director of Savills Vietnam, shares his view on investments in the education sector in this country. It has been more than a year since Decree 86 – an important decree for Vietnam education - took effect, how do you assess its impact on local and foreign investment in the industry? Decree 86, which took effect from August 1, 2018, intended to boost the setup of international schools, as there was limited new development in recent years.   Before Decree 86 was issued, foreign investors encountered many difficulties, including the cap on local students of 10% (primary school) and 20% (secondary school). The international … [Read more...] about Foreign funds pour in partnerships in Vietnam education

Chol Young Joo, Chairman of the Korea-Vietnam Friendship Association (KOVIFA), and Lee Jae Hyon, Senior Fellow, Ph D. Director of the Centre for ASEAN and Oceania Studies, the Asian Institute for Policy Studies, talk about relations between RoK-VN. Chol Young Joo, Chairman of the Korea-Vietnam Friendship Association (KOVIFA) Vietnam’s Prime Minister Nguyen Xuan Phuc will visit the Republic of Korea (RoK) at the end of this month. What’s the significance of the event in promoting the two countries’ friendship, especially with Vietnam and the RoK celebrating the 10th anniversary of upgrading bilateral ties to the Strategic Cooperation Partnership level? First of all, we welcome Vietnam Prime Minister Nguyen Xuan Phuc on November 25-26 for the ASEAN-Korea Special Summit. The ASEAN-Korea summit, held in Busan on November 25-26, recognises ASEAN as one of South Korea's important partner partners in the New Southern Policy. 'People, Peace and Prosperity' are the … [Read more...] about South Korea-Vietnam relations going from strength to strength

Vietnam Airlines will use wide-body Airbus and Boeing aircraft on its Singapore and Thailand routes Specifically, Vietnam Airlines will use Airbus A350-900 for the route between Ho Chi Minh City to Singapore, and Boeing 787-9 for the Ho Chi Minh City-Bangkok route, together with the Airbus A321 currently in use. With the optimal two-aisle design, Airbus A350-900 and Boeing 787-9 aircraft can accommodate up to 300 passengers, with more spacious seating space. Business class seats can lean back 180 degrees to help customers fully relax. Outstanding facilities, such as extra-large luggage compartments, larger windows, and in-built USB charging ports in the seats, as well as modern personal entertainment system featuring movies and games, will create maximum convenience for passengers. A business class seat in the wide-body airplane Especially, Vietnam Airlines will offer attractive round-trip rates, with Ho Chi Minh City-Singapore tickets going from VND816,000 ($34.48), … [Read more...] about Vietnam Airlines adds wide-body planes to Singaporean and Thai routes